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Crown Point Energy inc. has announced that Marisa Tormakh has been appointed Vice President, Finance and Chief Financial Officer (CFO) of Crown Point effective September 1, 2015. Ms. Tormakh replaces Arthur Madden who is stepping down from that role effective August 31, 2015.
Murray McCartney, President and Chief Executive Officer said: "On behalf of our Board of Directors and staff, I would like to thank Art Madden for his tireless efforts during his five years with Crown Point and wish him every success in his future endeavors. Ms. Tormakh combines a broad expertise in the finance sector with a track record of enhancing the performance of the companies she has been involved with. Ms. Tormakh's capital markets experience and strong background in leadership and team building will be assets to the Company."
Since 2009, Ms. Tormakh, a resident of Argentina, has served as financial coordinator at Grupo ST S.A. and Director of Capital Markets at Banco Servicios y Transactiones S.A., the latter of which has participated in the provision of more than ARS$3.8 billion and USD$100 million in structured financing to the Argentine energy industry. Both companies are privately held Argentine companies operating in the financial services, insurance and real estate industries and are affiliated with Crown Point's largest shareholder, Liminar Energía S.A. Prior to her roles at Banco Servicios y Transactiones S.A. and Grupo ST S.A., Ms. Tormakh served as Chief Financial Officer for two business service companies in Argentina for eight years, and prior thereto was the managing director of Macro Valores (an Argentine brokerage house). Ms. Tormakh has a Bachelor's in Economics from the Catholic University of Argentina.
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