CALGARY, Alberta – Freehold Royalties Ltd. (Freehold or the Organization) (TSX:FRU) is happy to announce two internal promotions in just the Company’s government team.
Effective April 1, 2023, Rob King will be appointed as Chief Operating Officer and Susan Nagy will be appointed as Vice President, Business enterprise Growth. Mr. King joined Freehold in 2020 as Vice President, Enterprise Advancement in which he was instrumental in the Company’s enlargement into the U.S. Mr. King oversaw the execution of about $550 million in worth-boosting transactions about the past two years, as Freehold expanded its North American footprint, as properly as oversaw different optimization initiatives on Freehold’s Canadian legacy acreage. As Chief Working Officer, Mr. King will give increased senior stage leadership in regard of the execution of Freehold’s North American technique. Mr. King will oversee a multidisciplinary staff targeted on various benefit drivers, with the purpose of maximizing the price of our latest and potential asset foundation.
Susan Nagy will be assuming the part of Vice President, Company Progress, previously held by Mr. King. Ms. Nagy has been with Freehold considering that 2008, keeping numerous positions of growing seniority which include most a short while ago as Director, Enterprise Advancement. During her tenure, Ms. Nagy has been associated in the negotiation of in excess of $1.5 billion in royalty acquisitions, both in Canada and the U.S. Ms. Nagy retains a Bachelor of Commerce degree (with Difference) from the College of Calgary and is an active member of the Canadian Affiliation of Land and Electrical power Gurus and the American Association of Experienced Landmen. Ms. Nagy will leverage her strong enterprise acumen and management qualities to even further increase the achievement of Freehold.
We have advanced our corporation significantly about the earlier three several years with targeted management, strategic portfolio positioning, and outcomes driven final decision building. These key parts of our enterprise and leadership structure will continue and I am pretty happy to announce the promotion of both equally Rob and Susan these days as they will perform a vital purpose in translating our prolonged expression strategic eyesight into action.
The interior promotions display screen the bench energy we have crafted within our Enterprise and is a testament to the tradition of our firm, like the sturdy emphasis we have put on professional growth. With the immediate evolution of the Corporation, this leadership group strengthening will assistance our concentrated strategy to taking care of our business, top to continued price development for all stakeholders.
David M. Spyker, President and Main Govt Officer