- Significant signs for push-out forces
- After almost six years on the job
- Thanks and good wishes for Maillé
- Search for a successor
(management-change.com) — Montreal, Québec, Canada, November 10, 2016 — Ginette Maillé, finance chief of Yellow Pages, leaves. As announced by Yellow Pages Limited in a news release on Thursday, November 10, 2016, Ginette Maillé, Chief Financial Officer, leaves the digital company in a surprising move after almost six years on the job, effective March 01, 2017.
Yellow Pages will undertake a search for a successor.
The move is part of a management shake-up.
Doug Clarke, Senior Vice-President and Chief Operating Officer will also be retiring on March 1, 2017.
“To ensure our organization is best adapted to our current and future environment”
Maillé’s departure is explained as follows. Julien Billot, President and Chief Executive Officer of Yellow Pages, said in a fairly biting statement: “We are now at a pivotal point in our plan where we begin looking at the requirements for the next phase of our evolution. As a result, we are making some changes to our senior leadership team to ensure our organization is best adapted to our current and future environment.”
“Search process for a new CFO who can be a strategic partner to the CEO”
Yellow Pages further said: “The Company has initiated a search process for a new CFO who can be a strategic partner to the CEO.”
Yellow Pages said: “Ginette Maillé, Senior Vice-President and Chief Financial Officer, will retire from Yellow Pages after 13 years with the Company, effective March 1, 2017.”
Precise information about the future plans of Maillé was not immediately available.
Chaired by Robert MacLellan
Yellow Pages Limited is chaired by Robert F. MacLellan.
MacLellan is the Chairman of Northleaf Capital Partners, Canada’s leading independent global private equity and infrastructure fund manager and advisor since November 2009.
Julien Billot serves as CEO of Yellow Pages Limited. Billot has been the Chief Executive Officer and President of Yellow Pages Limited since January 1, 2014.
On the job as CFO since 2011
Ginette Maillé is Chief Financial Officer of Yellow Pages Group since September 2011.
Maillé joined Yellow Pages in 2003 as Vice President and Principal Accounting Officer, having over the past twenty years, held a variety of positions at several major international corporations.
As Vice President and Principal Accounting Officer, Maillé was responsible for managing the company’s financial reporting, accounting services, internal controls and administrative services.
She also oversaw policy and strategy development, ensuring best-in-class disclosure practices.
Maillé has earned a solid reputation for her strong analytical abilities, leadership and creativity.
Over the years she has achieved numerous successes, most notably in the areas of financial reporting and re-engineering.
Between 1995 and 2001, Maillé served as Assistant Controller and then as Vice President and Corporate Controller at Telesystem International Wireless Inc., where she implemented financial reporting processes and participated in numerous public offerings.
Ginette Maillé held two executive positions at Essentus Inc., a software company, from 1997 and 1999.
Under her leadership, the company completely reengineered its billing and collection processes as well as its budget planning and management processes.
She also worked in the manufacturing industry at Unican Security Systems Ltd where she was responsible for overseeing the activities of controllers in various locations around the world.
Ginette Maillé holds a bachelor’s degree in accounting from Université du Québec à Montréal and is a member of the Ordre des comptables agréés du Québec.
Franco Sciannamblo, Vice-President and Corporate Controller, will work closely with Maillé during the transition period to ensure a seamless changeover.
Generally speaking, when a top leader announces to step down with no successor available, it is a sign that the move was unexpected and too early.
Significant signs for push-out forces
It is not completely certain what forces eventually triggered Ginette Maillé’s move.
The Push-out Score™ determined by management-change.com suggests significant signs for push-out forces that may have contributed to the management change.
Read the full story in the management-change.com report 42.2016 ($).