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Atlas Engineered Products hires experienced executive Woods as chief financial officer

Woods has two decades' experience in senior and executive roles with established companies

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William (Bill) Woods becomes the new finance chief

Shares in wood product and roof truss group Atlas Engineered Products Ltd (CVE:AEP) surged as it revealed it has a new finance chief - experienced executive William (Bill) Woods.

"His experience will be invaluable to us as we pursue our growth strategy and integrate the finances, operations and systems of the diverse acquisitions we complete," said Guy Champagne, president of Atlas

Woods has two decades' experience in senior and executive roles with established companies, as well as with various start-ups.

He previously held the positions of CFO (chief financial officer) and chief operating officer of Athabasca Minerals, CFO of Cardio-Metabolics, CFO of Liberty Mines, and served as vice-president of finance for companies in the transportation, manufacturing and business brokerage fields, it added.

Last month, Atlas announced an expansion into northern Alberta.

The group said it had bought the operating assets including equipment, inventory, and trademarks of Alberta Truebeam Ltd (Truebeam), leased the land and buildings in which Truebeam operates, and hired all the Truebeam employees.

Significantly, the Truebeam operation will contribute strong positive cash flow and an estimated C$2.4mln in profitable revenue during the 2018 calendar year, Atlas said.

Shares today added 8.16% to C$0.53.

Quick facts: Atlas Engineered Products Ltd.

Price: 0.435 CAD

TSX-V:AEP
Market: TSX-V
Market Cap: $20.1 m
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