Clearford Industries Inc. (TSX-V:CLI)’s new CEO says his goal is to have the company in the black within 12 months by closing and delivering projects internationally and in Canada.
© Supplied photo
Kevin Loiselle, Clearford's new CEO.
The local cleantech company announced Thursday that former president and chief operating officer Kevin Loiselle has been promoted to CEO.
Mr. Loiselle, who joined Clearford in October 2011 as vice-president of global sales, takes over the position from Bruce Linton, who will continue as a member of the board of directors and a special advisor for strategic markets.
As well as holding two executive positions with Clearford, Mr. Loiselle was previously acting as director of Clearford India Private Inc. and general manager of Clearford’s subsidiary in Peru, according to his LinkedIn profile.
Rod Bryden, chairman of the board of directors and CEO of cleantech firm Plasco Energy Group, stated in a company release that Mr. Loiselle’s record of building profitable business operations will help turn contract opportunities into deliverable projects and revenues for Clearford.
“His appointment as CEO gives Clearford the benefit of his operating experience while maintaining continuity with the company’s strong market position in the high growth areas of southeast Asia and South America,” Mr. Bryden stated.
In December, the company announced it would soon be implementing a six-month pilot project in an Indian village to help collect and treat sewage, with the possibility of expanding the program upon successful completion. It’s just one example of the company’s strategy to focus on international markets.
“I am very confident in the market opportunity for the Clearford wastewater collection and treatment solution,” Mr. Loiselle stated. “In the longer term I believe that the Clearford system will become a significant factor in bringing clean water and sanitary sewage collection and treatment to many areas of the world.”
Mr. Loiselle’s goal of hoisting Clearford to profitability comes after the company posted a net loss of $484,561 in its most recently reported quarter ended Sept. 30 2012. That’s an improvement from its net loss of $926,281 during the same quarter the year previous.
At the end of fiscal 2010, the company recorded a net loss of $2.7 million.
Mr. Bryden stated that Mr. Loiselle has been instrumental in establishing Clearford in its target markets, helping the company to enter 2013 with initial contracts in southeast Asia and South America.
Prior to working for Clearford, Mr. Loiselle helped complete the sale of Decima Research to Harris Interactive in 2010 and then retired. His retirement lasted six months before he returned to the working world as president of Competitive Jumpers Inc., an equestrian development, sales and consulting firm based in Ottawa and Bromont, Que. that he co-founded in 2007.