Wings Magazine

FLYHT names Payne new chief financial officer

FLYHT Aerospace Solutions Ltd. has announced the appointment of Derek Payne as chief financial officer. Paul Takalo will remain interim chief financial officer until Payne assumes his new position on Nov. 6. In the interim, Payne will serve as a financial consultant to FLYHT.

October 2, 2017  By FLYHT

“I’m delighted to have Derek join FLYHT. He has over 19 years of experience in senior financial roles at high-growth public companies, including over nine years of experience in the aviation industry. Derek also brings a wealth of experience with regard to the Canadian and U.S. capital markets,” remarked Thomas Schmutz, FLYHT’s chief executive officer. “I wish to thank Paul Takalo for the strong contributions he has made as interim CFO. We will continue to benefit from Paul’s invaluable guidance, as he will remain on FLYHT’s board of directors.”

Prior to his appointment as FLYHT’s chief financial officer, Payne was chief financial officer at Calgary-based DIRTT Environmental Solutions. Previously he was chief financial officer at FilterBoxx Water and Environmental; treasurer and vice president of finance at WestJet Airlines Ltd., where he also held a term position as co-acting CFO.

Payne obtained his chartered professional accountant designation in 1996 and holds a Bachelor of Commerce degree from the University of Saskatchewan. Since June 2012, Payne has been a volunteer board member of Hospice Calgary and currently serves as the organization’s board treasurer and chair of its finance committee.



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