Quarterhill’s long-serving chief financial officer, who helped guide the firm through its recent transformation, will step aside from the company at the end of the year.
The firm announced Monday that CFO Shaun McEwan will exit the firm to pursue new opportunities early next year. He’ll stay on for the remainder of 2019 to help Quarterhill transition to a new successor.
McEwan first joined Quarterhill (TSX:QTRH), then called WiLAN, back in 2008. When chief executive Jim Skippen stepped down from the role in 2017, McEwan took the reins as interim CEO to guide the company through a pivot into the industrial Internet of Things sector.
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The firm went on to change its name and quickly acquired several IIoT companies under McEwan’s leadership. Though Quarterhill recently shifted its corporate headquarters from Ottawa to Kitchener, its traditional patent licensing division still operates under the WiLAN banner from the firm’s Kanata offices, where some 25 people are employed.
McEwan said in a statement that he believes he’s leaving the company in a solid financial position.
“I have enjoyed my time at the company; however, I believe it is time to move to the next part of my career. … I am very confident that Quarterhill will continue to deliver value for its shareholders,” he said.