Canadian Manufacturing

McMaster Innovation Park names Sandra Tran as new CFO

Tran joins MIP from Armel Corporation where she held the position of Chief Financial Officer.

November 2, 2021  by CM Staff

Sandra Tran (CNW Group/McMaster Innovation Park)

HAMILTON — McMaster Innovation Park (MIP) has named Sandra Tran as its new Chief Financial Officer to oversee its financial portfolio and operations.

Tran has played a role in the development of resilient mixed-use infrastructure in the Greater Toronto area and was instrumental in establishing the financial strategy, approval and management of a billion-dollar program funding for the waterfront precinct communities. She has experience in development financing in both the public and private sector spanning time in complex commercial, industrial, infrastructure, hospitality and residential projects.

“Sandra is an excellent addition to the team. She has the right kind of financial foresight, along with a deep understanding of what it will take to develop and manage a growing research and innovation park”, commented Ty Shattuck, Chief Executive Officer at MIP.

She was part of securing $2 billion in public and private sector financing and $500+ million in multiple mergers and acquisitions. Tran’s most recent achievement is establishing and fostering a lender and capital program to assist the organization in its next level of growth and development and she looks to take the same expertise and synergy to MIP.

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“MIP’s goal of developing the regional life sciences ecosystem is inspirational as the need to enhance health through innovation, research and new technologies in our region and abroad has become a priority. I am excited to join MIP and I look forward to help deliver its mission by leveraging my network and experience in collaboration with all stakeholders.”

Tran joins MIP from Armel Corporation where she held the position of Chief Financial Officer. She will be replacing MIP’s outgoing CFO Ruth Liebersbach, who announced her retirement last spring.