Flying Colours has strengthened its financial team by creating a new role – senior vice president of finance and administration – for its former chief financial officer (CFO), Debbie Ammann. The CFO role will now be undertaken by new recruit Alysia Carter.
Ammann will work closely with the senior executive team to ensure commercial efficiency, oversee new financial processes and coordinate commercial strategy across the company’s existing sites in the USA, Canada and Singapore. She will also explore the commercial viability of further international sites. Ammann has been part of the Flying Colours team for more than 30 years.
“As the company enters the next development phase I am delighted to support the evolution and implementation of new financial processes to ensure streamlined growth,” Ammann said. “My experience working with the senior team will be invaluable as we move forward.”
Having spent more than 25 years in the accounting and financial sectors, Carter takes on the role at a time of company expansion. Her previous experience brings knowledge of large complex project accounting and understanding of rapid business expansion to the organization. She is already working on a global strategic overview of the company’s financial reporting to rationalize day to day commercial processes.
“I’m thrilled to become part of the company at such an exciting time,” said Carter. “There is so much potential for the business and I’m looking forward to supporting the senior team as they implement commercial strategy.”
Both Ammann and Carter are based at the Peterborough, Ontario, headquarters, reporting directly to president and CEO, John Gillespie.
“Flying Colours’ international business is evolving at a rapid pace,” said Gillespie. “The global growth, the increased number of team members and our expanding customer base, necessitates an extremely talented financial team.
“We are delighted to promote Debbie to one of our company’s most senior executive positions, she has supported us from the start and been integral in driving the company success.
“Alysia’s appointment demonstrates our commitment to building solid financial structures for continued growth and we are pleased to welcome her to the team.”