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ALUULA Composites to Recruit CFO and Extends Maturity Date of Existing $1m Loan
TMX Newsfile· 2026-01-12 21:30
Group 1 - ALUULA Composites Inc. is transitioning to a new Chief Financial Officer (CFO) as the current CFO, Dale Graham, will depart on March 31, 2026, while assisting in the transition [1][2][3] - The company is actively recruiting for a new CFO who will play a crucial role in advancing the financial strategy and supporting ongoing growth plans [3] - Dale Graham has been recognized for his contributions since joining in early 2024, helping to stabilize operations and lay a strong foundation for future growth [2] Group 2 - ALUULA has amended the terms of a short-term loan agreement with a related party, extending the maturity date to January 1, 2027, while maintaining the original loan amount of $1,000,000 [4][5] - The loan agreement carries an interest rate of 12% per annum and has undergone several amendments since its inception on December 29, 2023 [4] - The amendment constitutes a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5] Group 3 - ALUULA is known for its ultra-light, high-performance, and recycle-ready composite materials, which enhance the performance of outdoor gear and industrial equipment [6] - The company emphasizes that its innovations do not compromise sustainability for performance, making its products lighter, stronger, and more sustainable [6]
Wyndham CFO Michele Allen exits
Yahoo Finance· 2025-11-05 09:24
Core Insights - Wyndham Hotels & Resorts Chief Financial Officer Michele Allen will leave the company after nearly six years to pursue a new career opportunity outside the hotel industry [2] - Allen will assist in a transitional advisory role until the end of 2025, while Wyndham searches for her permanent replacement [2][3] - Kurt Albert has been appointed as interim CFO, effective immediately, highlighting the strength of the finance team [3] Company Leadership Changes - Michele Allen has been with Wyndham for over 25 years, holding various roles including head of strategy and global senior vice president of finance [3] - CEO Geoff Ballotti praised Allen's financial acumen and strategic vision, which have been crucial during challenging times, including a failed merger with Choice Hotels International [4] Financial Performance - Wyndham downgraded its full-year 2025 global RevPAR outlook to a range of down 3% to down 2% [5] - This guidance was reaffirmed in the recent announcement following the third-quarter 2025 earnings results [5]