MDA announces the appointment of Vito Culmone as its Chief Financial Officer
Media Release: February 22, 2021
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
Serving the world from its Canadian home and global offices, MDA is an international space mission partner and a robotics, satellite systems and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 2,000 employees across Canada, the US and the UK, MDA is leading the charge towards viable Moon colonies, enhanced Earth observation, communication in a hyper-connected world, and more. With a track record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better, on the ground and in the stars.