Toronto-based Alarmforce Industries Industries (TSX: AF), a provider of security alarm monitoring, emergency response monitoring, video surveillance and related services, has terminated the employment of Joel Matlin as president and CEO, following a strategic review. CFO Anthony Pizzonia, will take on Matlin’s responsibilities while the company searches for a “suitable successor.” Canadian private equity firm Callisto Capital bought a stake in AlarmForce in 2010.
AlarmForce announces Change in Senior Management
TSX – Trading symbol – AF
TORONTO, July 23, 2013 /CNW/ – AlarmForce Industries Inc., (the “Company” or “AlarmForce”) announced that following the strategic review of the Company, the Board of Directors of the Corporation (the “Board”) has terminated the employment of Mr. Joel Matlin as President and Chief Executive Officer of the Company and its subsidiaries. Mr. Matlin will continue to serve as a director of the Company.
The Board and management of AlarmForce wish to thank Mr. Matlin for his dedicated years of service and numerous contributions to the Company.
Anthony Pizzonia, Chief Financial Officer, will be interim President and Chief Executive Officer, effective immediately.
The Company has commenced a search process to identify a suitable successor to fill the role of President and Chief Executive Officer on a permanent basis.
AlarmForce provides security alarm monitoring, personal emergency response monitoring, video surveillance and related services to residential and commercial subscribers throughout Canada and selected centres across the United States. AlarmForce is a leading provider of two-way voice alarm systems in Canada. More information about the Company’s products and services can be found at www.alarmforce.com and www.videorelay.com.
SOURCE Alarmforce Industries Inc.
For further information:
Investor Relations Department
Tel: (416) 445-2001 ext. 225
Fax: (416) 445-9381
Photo courtesy of Shutterstock.
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