MDA Announces the Appointment of Vito Culmone as its Chief Financial Officer

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MDA is pleased to announce the appointment of Vito Culmone as the company’s new Chief Financial Officer (CFO). Mr. Culmone will play an integral role on the executive team with his deep expertise in finance leadership and strategic planning. He will assume his new position at MDA in early March.

Mr. Culmone brings 30 years of financial and operational expertise to MDA, having served as CFO for the last 14 years in a number of large publicly traded Canadian companies in a diverse range of sectors. He has a proven track record with a focus on building sustained shareholder value.

Most recently, Mr. Culmone served as CFO of  Element Fleet Management, the largest pure-play commercial vehicle fleet manager in the world, where he played a critical role in the highly successful operational and financial transformation of the company. From 2007-2018, he served as CFO at Shaw Communications, one of the country’s largest cable and communications enterprises and WestJet Airlines, one of Canada’s largest air carriers. Prior to that he held increasingly senior positions at Molson Coors Brewing.

Mr. Culmone began his career at Price Waterhouse, where he also completed his designation as a Chartered Accountant. He is a graduate of the University of Toronto with a Bachelor of Commerce degree.

“WE ARE THRILLED THAT VITO WILL BE JOINING MDA. HE HAS EARNED A STELLAR REPUTATION WITH INVESTORS AND THE BROADER CAPITAL MARKETS AND IS A PROVEN LEADER WITH ABUNDANT ENERGY AND A PASSION FOR GROWING BUSINESSES AND BUILDING OUTSTANDING TEAMS.”

– Mike Greenley, Chief Executive Officer, MDA

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