Canadian RV maker Glendale International Corp. reported the appointment of Murray Hannan as its CFO.
As part of Glendale’s ongoing restructuring and cost rationalization, Brian Jennings has agreed to resign as the corporation’s CFO and will be replaced on a part-time basis by Hannan.
“We are very disappointed with Mr. Jennings’ departure as a member of the executive management team, but reducing costs at all levels of our business given the current economic environment is necessary,” said Edward Hanna, Glendale CEO. Hanna also indicated that “we are fortunate that Mr. Hannan, a member of the board of directors and former CFO of the corporation, has agreed to assume the role on a part-time basis which will make the transition from Mr. Jennings seamless.”
The company’s Glendale Recreational Vehicles division, located in Strathroy, Ontario, makes RVs for the Canadian and U.S. markets. The Travelaire Canada division, located in Red Deer, Alberta, manufactures recreational park trailers and relocatable structures for the Western Canadian market place.
The corporation also owns 43.6% of Firan Technology Group Corp., a leading North American manufacturer of high technology printed circuit boards and precision illuminated display systems.