TORONTO--(BUSINESS WIRE)--The Board of Directors for Chartered Business Valuators Institute (CBV Institute) announced today the appointment of Christine Sawchuk, CPA, CBV, MEd, BAcc, as its next President and CEO, effective October 1, 2020. Sawchuk assumes the head management position from Mary Jane Andrews, FCPA, FCA, FCBV, CFF, who is retiring after five years in the role.
Sawchuk was named following an extensive and borderless recruitment process which attracted accomplished candidates across Canada and internationally. The search was overseen by a Selection Committee of the Board.
“Christine combines deep knowledge of business valuation, the Institute’s history and its future potential, with exceptional leadership experience that will help us propel the CBV profession into the future,” says Board Chair, Anish Chopra. “Her skills and relationships with the Institute’s stakeholders will only strengthen our reputation as a global valuation leader and will be a great asset to the Board and leadership team as we progress together the essential role CBVs play to inform business decisions and protect the public interest.”
Sawchuk has been involved in various committees and initiatives at CBV Institute since 2008. She joined the Institute in May 2014 as the Associate Director of Education and Standards before taking on the role of Director of Education and Accreditation. Prior to joining the Institute, Sawchuk held various roles in public practice valuation for over 10 years. She is also in the process of completing a doctorate degree in Educational Leadership from the University of Western Ontario. Sawchuk has been recognized for her passion in business valuation education and her promotion of the CBV designation in Canada and globally.
“I could not be more excited, or be more honoured, to take on this opportunity,” says Sawchuk. “CBV Institute has evolved tremendously over the past five years under Mary Jane’s leadership, and I believe the Institute is primed to leverage the influential position of CBVs in the business community at home and abroad. Mary Jane’s role has been integral to much success over the past few years and I’m honoured to have the opportunity to build on that momentum. This is a time of rapid change and challenge for many of our CBVs and students, and I look forward to working with and for every one of them, and to further enhance the value of the CBV designation in Canada and abroad. I have tremendous respect for the Institute’s exceptional management team and staff, and I look forward to continuing to work alongside them as we continue build the stature of the CBV profession.”
Andrews notified the Board early in 2020 she would be stepping down at the end of the year, capping an impressive 40-year career in professional financial services. During her tenure, Andrews oversaw several major Institute initiatives, including evolution to the trade name CBV Institute from the recognized legal entity, The Canadian Institute of Chartered Business Valuators. Andrews says the work was energizing and she is exceptionally proud of all the Institute’s accomplishments.
“There is never a perfect time for this type of transition, but I believe the Institute is well-prepared for the opportunities and challenges going forward,” says Andrews. “This is such a well-respected organization governing the trusted CBV profession and it will only continue to prosper. I am so grateful to have had the privilege of guiding the work we do.”
Sawchuk will work closely with Andrews for the remainder of 2020 to ensure a smooth transition of leadership.
ABOUT CBV INSTITUTE
CBV Institute leads the Chartered Business Valuator (“CBV”) profession – Canada’s only designation dedicated to business valuation since 1971. CBV Institute upholds the highest standards of business valuation practice through education, accreditation and governance of the CBV, for the benefit of the public interest. The integrity of the CBV is grounded in the world-class CBV education and accreditation program and the CBV Code of Ethics. CBV Institute is a leader in the international valuation community and is committed to advancing professional excellence for business valuation globally. CBV professionals are internationally recognized as having the judgement and analytical training necessary for a wide range of valuation-based needs: all based on value measurement, value creation and value protection. By establishing the highest standards of business valuation practice and education, CBV Institute continues to positively elevate the stature of the CBV designation as the essential instrument for informed business decision-making, and it significantly contributes to the business valuation profession by providing CBVs with effective tools to anticipate, influence and proactively solve industry and business challenges around the world.
CBV Institute is the trade name of The Canadian Institute of Chartered Business Valuators. The CBV designation is represented by Chartered Business Valuator (CBV) and Experts en Evaluation d’Entreprises (EEE).
