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StandardAero CEO quits

STANDARDAERO president and CEO Rob Mironis has resigned and Firoz Tarapore, a director and member of the executive committee since 2007, has been named interim president and CEO.

The company said Mironis resigned to pursue other opportunities.

Steve Kelly, a spokesman for the company, said "It was a decision between Rob and the board. He left on good terms with the company and everyone wishes him the best.

His departure is unrelated to any issues we are facing today."

Tarapore will keep his board position and will serve as interim CEO until a permanent replacement has been identified.

"We are thankful for the loyal service and the many contributions Rob has made during his time with the company," said Tarapore.

"We are making strong progress across all our core markets and remain committed to our customers and growth agenda.

We will continue to deliver high standards of quality and customer service."

BlackBerry ho-hum in U.S.

DEMAND appears to be underwhelming so far for the new BlackBerry Z10, with no store lineups reported on the day the touchscreen smartphone made its debut in the U.S., according to analysts.

The launch in the U.S., considered to be a key market for BlackBerry, comes about six weeks after the smartphone began selling in Canada and the United Kingdom.

The new BlackBerry is now is available through major wireless carrier AT&T. "I had to ask the salesperson, 'Where is this phone?' " said telecom analyst Anil Doradla, who tried out a BlackBerry Z10 at an AT&T store in downtown Chicago.

"The placement of the phone is along with all the other phones. It's not an exclusive placement."

Lumber prices building

MONTREAL -- North American lumber prices have increased by 60 per cent since late 2011 on an improving U.S. housing market and elevated demand from Asia, an international forestry consulting firm says.

Wood Resources International says the random length lumber price index peaked in February while the price of sawlogs in the western United States has continued to increase early in 2013 after ending at a five-year high in 2012.

CP boss gets $49.2M

CALGARY -- Canadian Pacific Railway Ltd. CEO Hunter Harrison received a total of $49.2 million in compensation last year, most of it to make up for pension and other payments his previous employer refused to pay when he took the top job at the rival railway.

Harrison's direct compensation, including a $1-million base salary, totalled $4.1 million in 2012, according to an information circular posted ahead of the company's May annual general meeting.

 

-- from staff, the news services

Republished from the Winnipeg Free Press print edition March 23, 2013 B7

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