Lite Access Technologies Announces Appointment of New Chief Financial Officer

VANCOUVER: LITE ACCESS TECHNOLOGIES INC. (the Company) (TSX VENTURE: LTE) (OTC PINK: LTCCF), a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost of fibre optic network deployment for telecommunications operators, is pleased to announce the appointment of Mr. Chui Wong as Chief Financial Officer (CFO).

Mr. Arun Gupta will remain Chief Financial Officer until Mr. Chui Wong assumes his new position on July 29, 2019.

I'm delighted to welcome Chui to Lite Access as our new CFO, said Carlo Shimoon, CEO of Lite Access. Chui's wide-ranging experience in finance for both private and capital markets made him an obvious choice for the position. Together with our team, we believe his executive level experience will be an asset to Lite Access as we focus on driving the Company's growth as well as delivering solid financial performance. Mr. Shimoon added, We wish to thank Arun Gupta for his strong contributions during his tenure and we wish him every success in his new endeavours.

I am thrilled to accept the CFO position at Lite Access, stated Mr. Chui Wong. I look forward to providing strong financial leadership to the Company and helping position it for growth in this dynamic industry.

Mr. Chui Wong brings over 18 years of diverse international financial management experience. Most recently, he was CFO of a group of public and private mining companies, where had oversight over the company's global finance, treasury, and tax functions and was actively involved in the company's corporate development, capital markets, and merger and acquisition activities. Prior to that, he held various progressively senior financial management positions at Methanex Corporation and was Vice President, SEC External and Financial Reporting at Bear Stearns in New York City.

Mr. Chui Wong began his career at Deloitte where he obtained his Chartered Professional Accountant designation and holds a Bachelor of Commerce from the University of British Columbia.

The Company also announces it has granted 300,000 options to Mr. Chui Wong in conjunction with his appointment as CFO. The stock options are exercisable at $0.30 per share with a 3-year term and subject to certain vesting requirements. All options have been granted pursuant to the Company's stock option plan, and subject to compliance with applicable laws and the rules of the TSX Venture Exchange.
(PRN | 6 months ago)

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Lite Access Technologies Announces Appointment of New Chief Financial Officer