Effective as of October 12, Bruce Cousins has been appointed CEO and a board director of Carmanah Technologies, specialists in self-contained solar LED lighting and solar power solutions. Cousins replaces Ted Lattimore, CEO since 2007, who announced his resignation in May this year.
“We are very pleased to have Bruce joining Carmanah as CEO at this point in the company's development,” stated board chair, Rob Cruickshank.
According to the Victoria Times Colonist, Carmanah reported a US$200,000 loss in the third quarter of 2011. It is hoped Cousins will live up to his track record of leading companies from start-ups through to successful completion of their strategic growth plans.
Cruickshank said, “Bruce has an outstanding track record of delivering financial, operational and organizational performance, and company profitability, in the global technology industry. His wealth of knowledge, commitment to success, and experience in taking new technologies and solutions to new markets, will take Carmanah into the next phase of its strategic growth plan.”
Cousins has spent the past few years in the renewable energy industry. He completed the sale of Xantrex in a four-month period resulting in a 55% premium to shareholders; at Ballard Power he led finance and operations through a balance sheet fortification initiative.
In 2004, Cousins left behind a successful career with Johnson and Johnson and joined three founders in the start-up phase of Aspreva Pharmaceuticals, helping it to develop rapidly as a private company in just over one year.
The board thanked Ted Lattimore for his contributions to Carmanah as CEO and as a director over the past four years.