Carmanah appoints new Chief Financial Officer

Carmanah Technologies, global provider of solar power and lighting technologies, appoint Roland Sartorius as Chief Financial Officer.

Mr Sartorius will assume responsibility for leading all aspects of Carmanah's financial activities, including accounting and reporting, strategic planning and analysis, treasury, tax, audit, and investor relations.

Mr Sartorius brings over twenty years of financial leadership experience in private and public high-growth, international corporations.

Most recently, Mr Sartorius has served as Chief Financial Officer, Director and Corporate Secretary at Infosat Communications, a subsidiary of Bell Canada and a leading North American provider and integrator of satellite communication solutions.

While at Infosat, Mr Sartorius led several strategic acquisitions and investments in North America and Asia, developed financial and operational policies and controls, reorganized the finance, IT and administration departments, and was instrumental in strengthening the organization's financial position through strong management of working capital and significantly increasing EBITDA.

Mr Sartorius' background also includes tenures as CFO, Director and Corporate Secretary with several European and North American based high growth industrial and technology focused international public and private companies, where he completed numerous acquisitions, guided the organizations through public offerings, several equity financings and restructuring of operations.

As well, Mr Sartorius spent eight years with KPMG in Corporate Finance and Audit.

"Mr Sartorius is a welcome addition to our executive management team," states Art Aylesworth, Carmanah's CEO.

"Roland has many years of experience leading the financial operations of complex, rapidly-growing international organizations".

"He brings a new range of financial skills and insight to Carmanah that will be very valuable as the Company moves to the next phase in its maturity".

Mr Sartorius holds a Bachelor of Commerce degree from the University of British Columbia and is a member of the Certified General Accountants Institute of BC.

He is fluent in German and has a working knowledge of Spanish and French.

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