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  • Acceleware Announces Management Appointments and Option Grant

3rd June 2011

Acceleware Announces Management Appointments and Option Grant

accelewareHigh performance computing applications developer Acceleware® Ltd. has announced that Heather Stubbs has been appointed Chief Financial Officer of Acceleware. In addition, Adam Rock, of the law firm Shea Nerland Calnan LLP, has been appointed as Corporate Secretary.

Prior to joining Acceleware, Heather Stubbs was the Manager of Financial Reporting for Peak Energy Services Ltd., a publicly held energy services company. As a leader of the finance group, her major responsibilities included managing the internal and external financial reporting function of the organization. Heather has most recently completed an extensive International Financial Reporting Standards (IFRS) conversion project with Peak. Prior to working with Peak, Heather was a Senior Associate with PricewaterhouseCoopers LLP within the Assurance and Business Advisory Services practice in Calgary. Heather is a Chartered Accountant, with a Bachelor of Commerce degree from the University of Calgary. “We are excited to have Heather join our team,” said Geoff Clark, President and CEO of Acceleware. “Her considerable and relevant experience will be invaluable as we continue to grow and develop Acceleware.”

Adam Rock practices corporate and securities law at Shea Nerland Calnan LLP. His clients include private and public companies in the energy, energy services and technology sectors. Adam is called to the Bar of the Province of Alberta and obtained his law degree from the University of Toronto. “On behalf of the Board of Directors of Acceleware, I would like to welcome Adam, and look forward to working with him,” said Bohdan Romaniuk, Chairman of Acceleware.

The Company has granted stock options totalling 150,000 common shares to Ms. Stubbs and Mr. Rock. The options have an exercise price of $0.10 per common share and expire on June 2, 2016. One-third of the options vest one year from the grant date, one-third of the options vest two years from the grant date, and the final one-third of the options vest three years from the grant date. The stock option grant is subject to regulatory approval.

This entry was posted on Friday, June 3rd, 2011 at 11:38 am and is filed under Business News, National News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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