BluMetric hires veteran tech finance executive Dan Hilton to fill CFO post

BluMetric pipe

BluMetric Environmental has bolstered its C-suite with the appointment of veteran tech executive Dan Hilton as chief financial officer.

Hilton took over the role Oct. 1, the Ottawa-based cleantech firm announced Monday. He replaces Vivian Karaiskos, who resigned last month after nearly nine years as CFO.

Hilton most recently spent six years as chief financial officer at Ottawa IT firm Fully Managed. As the company’s senior finance executive, he helped oversee Fully Managed’s growth to more than 500 employees and orchestrated its sale to Telus for $137 million in 2022.

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Hilton previously served as CFO at Datawind and Enablence Technologies and spent eight years as director of finance and administration at the University of Ottawa Heart Institute. He currently holds board positions at Clarity IOT Services & Technology Inc. and UpSnap Inc.

“We are excited to welcome Dan, a seasoned and strategic finance executive, to help us write the next chapter of BluMetric,” CEO Scott MacFabe said in a news release. 

“With over 35 years of experience as an executive and board member at numerous private and publicly listed SMEs, where he oversaw rapid expansion and acquisitions, Dan brings invaluable expertise to our executive team. Our shared vision is aligned in propelling BluMetric towards becoming the environmental solutions and water cleantech company of choice.”

BluMetric, which specializes in water and wastewater treatment, serves customers in the commercial and industrial, military, mining and government sectors in Canada and the United States. In 2021, the firm was named one of the top performers on the TSX Venture Exchange after its shares rose 300 per cent.

The company posted third-quarter revenues of $6.9 million, down 18 per cent from a year earlier as delays hampered the rollout of projects in Northern Canada and longer sales cycles put a dent in income from military clients.

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