Shawcor announces resignation of Chief Financial Officer, leadership succession plans

TORONTO — Shawcor Ltd. announced that Gaston Tano, Senior Vice President Finance & Chief Financial Officer, has elected to step down and will depart the Company effective May 31, 2022.

Shawcor also announced that Thomas R. Holloway will join the Company as Vice President & Chief Accounting Officer, commencing on or about December 1, 2021 and is expected to succeed Mr. Tano as the Senior Vice President Finance & Chief Financial Officer.

In his interim role, Mr. Holloway will immediately assume responsibility for the Company’s financial accounting and related reporting activities and will report to Gaston Tano, Shawcor’s Senior Vice President & Chief Financial Officer. Mr. Tano will continue to actively lead Shawcor’s finance function.

Mr. Holloway holds a BBA in Accounting from the University of Houston and joins Shawcor following a career which started with Arthur Anderson and has included senior financial and accounting leadership roles in multiple energy focused organizations.

Mr. Tano joined Shawcor in September 2016 as Vice President, Finance and became Chief Financial Officer on May 1st, 2017. During his tenure he has been involved in the Company’s finance functions and in delivering cost and capital efficiencies

Shawcor’s Chair Derek Blackwood said, “The Board would like to thank Gaston for his strong leadership and highly effective execution of so many important activities over the last five years. His deep experience and personal work ethic have been crucial, particularly during the past 18 months and we wish him and his family the very best. I’m excited to welcome Tom into the Shawcor team; the Board and I look forward to working with him through and beyond his transition into the CFO position.”

Shawcor Ltd. is a company serving various sectors of the Infrastructure, Energy and Transportation markets through three reporting segments: Composite Systems, Automotive and Industrial and Pipeline and Pipe Services.