Jamaican-listed Canadian company,  EquityLine Group has announced the appointment of Mark Korol to the role of Chief Financial Officer (CFO) for EquityLine Mortgage Investment Corporation.

He replaces Roman Raskin, who will continue to consult with the EquityLine Group of Companies. Accordingly, Korol, who is a member of the Board of Directors of EquityLine has resigned as an Independent Director and Chair of the Compensation Committee effective August 18, 2021.

With this change, the board maintains a majority of independent directors, namely three members from the management team and four independent directors.

New CFO’s experience and background

Korol has over 20 years of experience as a CFO in a variety of industries, including seven years of public company experience at Zenon Environmental and CDI Education Corp. He has spent the last two years at the Arturos Group, an international vertically integrated hospitality business with 2,000 employees.

Prior to Arturos Group, Korol spent 12 years with the Xela Group of Companies, a diversified multinational private company with 5,000 employees concentrated in the agricultural and hospitality industries. He has held various financial positions over his career including as a Research Analyst with National Bank Financial in Toronto, Ontario.

The new CFO obtained his Bachelor of Commerce from the University of Windsor and a B.A. in Economics and Kinesiology from the University of Western Ontario. He is a Chartered Financial Analyst (CFA) and a Certified Public Accountant (CPA).

Karol is also a Certified Fraud Examiner and Accredited Business Valuator. He holds the Institute of Corporate Directors designation and has been a board member of both private and public companies with international operations.

EquityLine Mortgage Investment Corporation is a Canadian Mortgage Investment Corporation (MIC) incorporated under the laws of the Province of Ontario and located in Richmond Hill, Ontario. The EquityLine MIC was founded in 2018 and is listed on the Jamaica Stock Exchange.