TORONTO — Alterra Group of Companies has announced that Malai Muthu has been appointed CFO, taking over from long-time CFO Sharon Gerwitz, who will continue as vice-president of finance.
Muthu joined Alterra in September 2022 and has two decades of experience in finance and accounting. Beyond traditional accounting, he brings risk management, budgeting and strategic planning acumen to the role, stated a release.
The appointment was effective Jan. 1. Alterra is a real estate developer in the GTA.
“As we enter the next phase of our growth and evolution, now is the right time for Malai Muthu to take charge of our financial and reporting strategies. His exceptional financial acumen and incisive contributions to Alterra over the past year make him the ideal candidate to lead our financial endeavours,” stated Alterra’s president Stuart Wilson in a statement.
Muthu added, “I’m focused on leveraging advanced financial strategies to drive sustainable growth and add value for our stakeholders. I’m eager to build upon the solid foundation laid by Alterra CEO Rob Cooper, Alterra founder Richard Cooper and Alterra president Stuart Wilson.”
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