Perk Labs Inc. (CSE:PERK, OTCQB:PKLBF) said it has appointed Andrew Bailes, a “seasoned” finance executive, as interim chief financial officer (CFO) of the company with effect from February 17, 2023.
Bailes succeeds Vanessa Altamirano, who is stepping down to pursue another professional opportunity. The company noted that Altamirano had been a valued member of the Perk team for over five years and had played an important role in the company's development.
Perk is currently in the process of structuring a merger with Getit Technologies Inc and as part of this process, the company is reviewing its team to optimise the integration of the two companies.
"I am thrilled to see Andrew Bailes join Perk's leadership team as we embark on this exciting journey of combining Perk and Getit's businesses. His wealth of knowledge, insights and experience will be a valuable asset as we work to optimise the integration of the two companies and pave the way for future growth," said Jonathan Hoyles, Perk CEO in a statement.
READ: Perk Labs signs binding letter of intent over Getit Technologies merger
Bailes is a Chartered Public Accountant, Principal at Hertford Advisors and has served in CFO roles since 2006, Perk noted, highlighting his “extensive experience” in IT, telecoms, logistics, manufacturing and other sectors, managing finance and legal, HR and operational functions.
He has an undergraduate degree in Mathematics and Management Studies from Cambridge University in the UK and was top in his Executive MBA at Cornell and Queens, the company said.
His notable achievements include:
- CFO for various capital raises totalling over $100 million
- Negotiation of many multi-million dollar debt facilities
- Head of a 25-man finance department at one of Ottawa's largest production facilities
- Twenty-five years' experience in business and strategic planning
"I look forward to leveraging my deep industry and financial experience and working closely with both Perk and Getit's talented teams to make the merger a success as the company begins this exciting next chapter," Bailes commented.
Perk Labs is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with dining experiences that are more engaging, convenient and rewarding. Perk Hero is growing through a unique community-driven digital franchise business that is available to entrepreneurs at an attractive start-up price.
Contact the author at jon.hopkins@proactiveinvestors.com