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Tenet Fintech Group Inc
Symbol PKK
Shares Issued 235,566,559
Close 2024-12-23 C$ 0.07
Market Cap C$ 16,489,659
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Tenet CFO Landreville to retire; Couturier appointed

2024-12-23 03:17 ET - News Release

Mr. Mayco Quiroz reports

TENET CFO JEAN LANDREVILLE TO RETIRE FROM ROLE AT THE END OF 2024

Jean Landreville will retire from his position as Tenet Fintech Group Inc.'s chief financial officer at the end of the 2024 calendar year for health reasons.

Mr. Landreville has served as Tenet's CFO since January, 2018. During his tenure at Tenet, he played a pivotal role in helping guide the company through several challenges in both China and Canada, allowing Tenet to scale its annual revenue from $1.6-million in 2018 to over $100-million in fewer than four years, leading to a market capitalization of $1.1-billion in the summer of 2021. Following a brief 1-1/2-month hiatus, he returned as the company's CFO in the summer of 2023 to help continue to build the foundation of Tenet's data-driven business model and North American operations.

Mr. Landreville notified the company's board of directors of his health issues in the summer of 2024 and of his intention to retire at the end of the year if a suitable replacement could be found to replace him as the company's CFO. Tenet hired Maxime Couturier as the company's director of finance in September, 2024, with the expectation that he would eventually succeed Mr. Landreville as Tenet's CFO, a role that Mr. Couturier will officially occupy as of Jan. 1, 2025.

Holder of the chartered professional accountant designation, Mr. Couturier will bring a diverse skill set to the CFO position at Tenet. His professional career began at KPMG, where he went from audit and certification to the firm's due diligence department, conducting multiple buy-side due diligence processes for mid-market transactions across various industries, including software and software-as-a-service model companies. Following his tenure at KPMG, he joined Triton Advisory Services, an international boutique advisory firm, where he took part in several significant multimillion-dollar divestitures in the mining sector in Europe and Canada. Additionally, he contributed to business advisory projects, helping clients improve processes and reporting to prepare for public offerings. Most recently, just before joining Tenet, he occupied several fractional CFO and controllership roles with companies operating in the software industry, including a number of publicly traded companies.

"While we are thrilled to have Mr. Couturier as our new CFO, no longer having Mr. Landreville in that role will take some adjusting," commented Tenet chief executive officer Johnson Joseph "I want to thank Mr. Landreville for his invaluable contributions to Tenet. We still have some work to do to get the company to where we believe it has the potential to be, and we are confident that we can achieve this thanks to Mr. Landreville's efforts and commitments, particularly during the company's most difficult periods. He will be greatly missed. That's why we are very thankful that he has agreed to remain a consultant with the company through the end of April, 2025, to support Mr. Couturier as he transitions into his new role."

About Tenet Fintech Group Inc.

Tenet is the parent company of a group of innovative financial technology and artificial intelligence companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and artificial-intelligence-based products and services to businesses, capital market professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler business hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business transactions among its members.

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