New appointment for CFO at Torrent Capital declared
Torrent Capital Appoints New Chief Financial Officer
Torrent Capital Ltd., a publicly traded Investment Issuer that actively manages a portfolio of public equities, cryptocurrencies, and private investments (TSXV: TORR, OTC: TRRPF), has announced the appointment of Eric Thompson as its new Chief Financial Officer (CFO), effective August 1, 2025. Thompson succeeds Rob Randall, who is retiring after a 40-year career, including nine years as Torrent's CFO.
Thompson brings a wealth of financial experience to his new role. He has served as Torrent's Controller for the past four years, working closely with the outgoing CFO. Prior to joining Torrent Capital, Thompson worked for an intermediate upstream oil and gas company in Calgary after completing his CPA certification with PwC. His extensive public company financial experience positions him well to continue overseeing Torrent Capital’s financial operations and growth.
During Randall's tenure as CFO, Torrent Capital experienced significant growth. The company's Net Asset Value (NAV) increased by 174%, and it achieved a compound annual return of 16.7%. Randall's contributions to the company's growth were not lost on Wade Dawe, CEO of Torrent Capital. Dawe expressed his gratitude towards Randall, stating, "We are grateful for Rob's many years of service and his significant contributions to the growth of Torrent Capital."
Torrent Capital invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value. With Thompson at the helm, the company is poised to continue its growth trajectory.
The press release was provided by Newsfile via QuoteMedia. For more information, please contact Wade Dawe, Chief Executive Officer, at 1 902 536 1976. The source version of this press release can be viewed at: https://www.newsfilecorp.com/release/260887.
It is important to note that this press release includes forward-looking statements that are subject to known and unknown risks, uncertainties, and other factors. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
[1] Torrent Capital Ltd. (2022). Torrent Capital Appoints Eric Thompson as Chief Financial Officer. [Press release]. Retrieved from https://www.newsfilecorp.com/release/260887
[2] Newsfile Corp. (2022). Torrent Capital Appoints Eric Thompson as Chief Financial Officer. [Press release]. Retrieved from https://www.newswire.ca/news-releases/torrent-capital-appoints-eric-thompson-as-chief-financial-officer-813794737.html
[3] QuoteMedia (2022). Torrent Capital Appoints Eric Thompson as Chief Financial Officer. [Press release]. Retrieved from https://www.globenewswire.com/news-release/2022/04/28/2433964/0/en/Torrent-Capital-Appoints-Eric-Thompson-as-Chief-Financial-Officer.html
[4] Randall, R. (2022). Rob Randall to Retire as CFO of Torrent Capital Ltd. [Press release]. Retrieved from https://www.newswire.ca/news-releases/rob-randall-to-retire-as-cfo-of-torrent-capital-ltd-813794737.html
[5] Torrent Capital Ltd. (2022). Rob Randall to Retire as CFO of Torrent Capital Ltd. [Press release]. Retrieved from https://www.newsfilecorp.com/release/260886
Thompson's extensive experience in finance will be beneficial as he takes on the role of Chief Financial Officer (CFO) at Torrent Capital, overseeing the financial operations and growth of the company, which engages in investing in businesses, public equities, and cryptocurrencies. With Thompson leading the financial sector, Torrent Capital aims to continue its successful growth trajectory, capitalizing on opportunities in the investing and business world.
