CINAR Names New CFO

CINAR Corp. has appointed Richard Genest, CA, to the post of Sr. VP and CFO of the Company. Genest, who has more than 20 years experience in finance with large and publicly traded corporations, will play an important role in the company’s strategy to become a fully-integrated entertainment and educational developer, producer and distributor.

Before joining CINAR, Genest served as VP and controller of Alcan Inc. His responsibilities there encompassed financial reporting, as well as financial planning and budgeting for the company and its 6 business groups. He was also an active member of the Pension Plan Investment Committee with responsibility for assets under management of $6 billion.

Prior to Alcan, Genest served as VP and controller of Desjardins-Laurentian Financial Corp., where he was responsible for financial planning and reporting, treasury management and mergers and acquisitions. Among other achievements, he completed a comprehensive business evaluation study on the Laurentian Group in relation to the successful $700 million exchange bid.

Genest also served as corporate controller with the Canam Manac Group, where he managed floating rate debt totalling $450 million and played an active role bringing focus to the core business segments.