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Board of Directors

Chirag Bhavsar
Chairman
Randolph W. Pinna
President & CEO
Joseph August
Mark D. Mickleborough V. James Sardo
Linda A. Stromme James D.A. White

 

Chirag Bhavsar

Chairman of the Board

Mr. Bhavsar is the Chairman of the Board of Exchange Bank of Canada (“EBC”) and President of JMS Holdings, LLC. Previously, Mr. Bhavsar was Executive Vice President of Valley National Bank, Executive Vice President and Chief Financial Officer of CNLBank, Valley National Bank’s predecessor, a role he held since March 2002. Mr. Bhavsar was the Executive Vice President, Chief Operating Officer and Chief Financial Officer of Florida Choice Bank from April 1999 until March 2002, and Senior Audit Manager of Hacker Johnson Cohen and Grieb, a specialized Accounting and Auditing firm for state and regional banks, from 1992 to 1999. Mr. Bhavsar is also a director of Currency Exchange International Corp. (“CXI”), EBC’s parent company.

Mr. Bhavsar received his Bachelor of Science in Accounting from the University of Florida in 1990 and received his Master's degree in Accounting from the University of Florida in 1991. He graduated from Banking School at the University of Virginia in 1993.


Randolph W. Pinna

President, Chief Executive Officer

Mr. Pinna was appointed the Chief Executive Officer, President and Director of CXI, when it began operating in October 2007. From 1989 to 2003, Mr. Pinna was President, Chief Executive Officer and Director of Foreign Currency Exchange Corp., and remained in this role after the friendly acquisition by Bank of Ireland Group until October of 2007. Mr. Pinna was responsible for the growth of Foreign Currency Exchange Corp from a small, one-location operation in Tampa Bay, Florida, to being a multinational publicly-traded company on the TSX with over 30,000 customer and client bank locations.

At Bank of Ireland Group, Mr. Pinna was Chief Executive Officer for the North American Foreign Exchange Business and was involved in all aspects of the North American business, including asset management, lending, foreign exchange, and accounting.

Having graduated from the University of Central Florida with a Bachelor degree in Finance with a focus on International Business, Mr. Pinna has over 25 years of experience in international banking with an emphasis on foreign exchange.


Joseph August

Mr. August retired from the Royal Bank of Canada (2009) as Managing Director and Head of Foreign Exchange Services, North America. Mr. August was responsible for the development, marketing, delivery and end-to-end management of foreign exchange products in the personal and business markets across Canada and the United States. Mr. August previously lead the Foreign Exchange, Trading, Payments and Ancillary Products Group for Retail and Commercial Banking; the Business Development – Trading Products Team in Commercial Banking; Treasury's Product Management Group (foreign exchange, deposit, investment, interest rate risk management and precious metals); managed the hedging activity of the Bank's Foreign Currency Exposure Management Committee; and headed the Bank's Foreign Currency Exposure Management Group. He has also held various positions in Corporate Lending; Commercial Marketing – Cash Management; and Retail (Branch) Banking. Mr. August is also a director of CXI.

Mr. August graduated from Widener University with a BSc in Business Administration with a Major in Economics and Minors in English and Engineering.


Mark D. Mickleborough

Mr. Mickleborough is a partner with the law firm Fournie Mickleborough LLP (since 2006). Prior to that, he was a partner with the law firm Rogers, Campbell, Mickleborough from 1997 to 2005. Mr. Mickleborough practices corporate commercial law and is a director of CXI.

Mr. Mickleborough graduated from Princeton University in 1982 and Osgoode Hall Law School in 1985 and has been practicing corporate and commercial law for the past 24 years in Toronto, Canada. During that period, Mr. Mickleborough has been a director of various private and public companies, including Foreign Currency Exchange Corp. (listed on the TSX) until 2002, and a closed-end investment trust inter-listed on the Toronto and London Stock Exchanges.


V. James Sardo

Mr. Sardo is a Corporate Director with extensive CEO and corporate governance experience. He is currently a director of New Flyer Industries Inc. and CXI. Previous directorships include: Consolidated Thompson Iron Ore Mines Limited, Hydrogenics Corporation, Countryside Power Income Fund, UE Waterheater Income Fund, Custom Direct Income Fund, SonnenEnergy Corp and Northstar Healthcare Inc.

Mr. Sardo was formerly President, Canadian Operations of Moore Corporation Limited, President and Chief Executive Officer of SMK Speedy International Inc., Chief Executive Officer of SNE Corporation and CEO and Director of Amre Inc. He is also the former Chairman and Chief Executive Officer of Firestone Canada Inc. and the President of Firestone Industrial Products Company.

He earned his Bachelor of Arts degree from the University of Western Ontario and a Masters of Business Administration degree from McMaster University. He is a member of the Institute of Corporate Directors and holds the ICD.D designation.


Linda A. Stromme

Ms. Stromme retired as an Executive from Bank of Montreal after a successful career in Personal and Commercial Banking, Finance, Internal Audit and Risk Management. She subsequently founded a specialty-consulting firm, End Result Coaching & Consulting Inc., which provided risk management, finance and leadership expertise for executive development. Linda also acted as an expert advisor for the University of Toronto, Rotman School of Management, Directors Education Program, in enterprise-wide risk management governance.

She graduated with a Bachelor of Commerce (Honours) from the University of Manitoba, is a Chartered Professional Accountant and Chartered Accountant, (CPA,CA), holds a Certification in Risk Management Assurance,(CRMA) and received an ICD.D designation with the Institute of Corporate Directors. In 2016, the Canadian Board Diversity Council, recognizing her as a diverse and board-qualified candidate, appointed Linda to the “Diversity 50” list.


James D.A. White

Mr. White has extensive business experience, including various field, management, and financing roles in the mining industry, professional services, and operational and administrative oversight. Mr. White is Managing Partner of Baynes & White, a pension and benefits actuarial consulting firm, a position he has held since 1993. Prior to founding Baynes & White, he was Chief Operating Officer at T.I. Benefit Consultants, a pension and benefits consulting actuarial firm. Mr. White has been a director on various public and private company boards. Mr. White is also a director of CXI.