PFM Executive Search Recruits CFO for Capital Regional District

July 26, 2016 – PFM Executive Search has placed Nelson Chan as chief financial officer of Capital Regional District (CRD). In his new role, Mr. Chan will be responsible for overseeing all fiscal and fiduciary responsibilities for the organization, in conjunction with the board of directors and the finance, audit, and investment committees of the board.

Mr. Chan has experience in both the public and private sectors and is regarded as a collaborative, action-oriented leader and change driver with a refined business acumen. Previously, he served as director of finance for Canada Post Corporation where he was responsible for corporate planning and controllership activities, strategic investment, and related financial activities. He also served as a member of the board of directors for the Canada Post Pension Plan, the largest single employer sponsored pension plan in Canada.

“It is a delight to welcome Mr. Chan to the Capital Regional District,” said Robert Lapham, chief administrative officer of the CRD. “His progressive experience in strategic investment, business transformation and large capital project financing will bring value to the organization and the people we serve.”

The Capital Regional District is a local government administrative district encompassing the southern tip of Vancouver Island and the southern Gulf Islands in the Canadian province of British Columbia.

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Based in Vancouver, PFM serves a wide range of industries. The firm works with private, public and not-for-profit organizations to fill senior-level executive roles. Recently, it has recruited a number of leaders for non-profit organizations, including the CEO for Creative BC, the executive director of Integrated Health Services, CEO for Fraser Health Authority, the chief medical health officer for Northern Health Authority, and the CEO for the Canadian Breast Cancer Foundation.

According to recent research, about one fifth of companies now change their CFOs annually, thereby creating a constricting market for financial officers talent — with the best candidates often considering multiple opportunities at any one time.

Tightening talent pipelines are wreaking havoc for hiring companies by edging up CFO pay packages, according to recruiters, making the hunt for top-flight financial specialists one of the more costly searches to undertake. On the flip side, it is now one of the most lucrative areas for headhunters.

Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media

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