TORONTO, October 1, 2020 – The Board of Directors for Chartered Business Valuators Institute (CBV Institute) today announced the appointment of Christine Sawchuk, CPA, CBV, MEd as its next President and CEO, effective October 1, 2020. Christine assumes the head management position from Mary Jane Andrews, FCPA, FCA, FCBV, CFF, who is retiring after five years in the role.
An executive search for her successor started immediately and was overseen by a Selection Committee of the Board. Christine was named following an extensive and borderless recruitment process.
“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.”
Christine 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, Christine held various roles in public practice valuation for over 10 years. She is also in the process of completing a doctorate degree from the University of Western Ontario in Educational Leadership. Christine 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 Christine. “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 build the stature of the CBV profession.”
Mary Jane 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, Mary Jane oversaw several major Institute initiatives, including the evolution to the trade name CBV Institute from the recognized legal entity, The Canadian Institute of Chartered Business Valuators. Mary Jane 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 Mary Jane. “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.”
Christine will work closely with Mary Jane for the remainder of 2020 to prepare for the leadership transition.