CALGARY, Alta. — Cervus Equipment Corp. has announced that at the end of 2017, its chief financial officer (CFO) Randy Muth will retire after nearly 13 years with Cervus. Adam Lowther, currently director of finance at Cervus, will be promoted to CFO effective Jan. 1, 2018

“Randy and Adam have worked together for many years and given Cervus’ commitment to succession planning and leadership development. I am confident that Adam possesses the experience and expertise to assume the role of CFO in a seamless transition,” says Graham Drake, president and CEO of Cervus. “On behalf of the Board of Directors and Cervus employees, I would like to thank Randy for his dedication and contributions to Cervus, and wish him the best for a well-deserved retirement.”

Shortly after joining Cervus in 2013, Lowther played a key role in the 20 dealership acquisitions the company completed in 2014, and as director of finance, he led Cervus’ forecasting, treasury, internal controls and financial reporting activities. Prior to joining Cervus, he specialized in transaction advisory and valuation, both in the private sector and public practice. He is a designated Chartered Accountant, Chartered Professional Accountant, Chartered Business Valuator and a CFA charterholder. He holds a Bachelor of Commerce from the University of Calgary. 

About Cervus Equipment Corp.
Cervus acquires and operates authorized agricultural, transportation, construction and materials handling equipment dealerships. The company has interests in 63 dealerships in Canada, New Zealand and Australia, employing more than 1,500 people. The primary equipment brands represented by Cervus include John Deere agricultural equipment; Peterbilt transportation equipment; Bobcat, CMI and JCB construction equipment; and Clark, Sellick and Doosan material handling equipment. The common shares of Cervus are listed on the Toronto Stock Exchange and trade under the symbol "CERV".