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SYSTEM RELEASE - Thursday, January 8, 2015

Concentra names new Executive Vice-President, Chief Financial Officer

Concentra Financial announces the appointment of Ron Friesen to the position of Executive Vice President, Chief Financial Officer effective January 2, 2015.

Friesen joins Concentra with an extensive background providing strategic financial leadership in private and publicly held enterprises across a range of industries.

“I’m pleased to have Ron join the Concentra team,” says Ken Kosolofski, Concentra President and CEO. “His experience and expertise in areas such as capital, risk, and tax management will be a key asset to Concentra as we look to strengthen our services to the credit union system.”

Most recently from Sun Life (U.S.), Friesen served in a range of senior and executive roles leading financial initiatives to drive performance and meet growth objectives. Notably, Friesen co-led the creation and implementation strategy for the U.S. business group overseeing large teams of professionals and support staff across finance, accounting, and controllership functions. With a collaborative and principled approach, he implemented successful strategic financing initiatives within these functions to improve earnings and resolve liquidity challenges, helping to strengthen the competitive position of Sun Life Financial.

“Concentra is a solid company with exciting opportunities in front of it as a strategic partner to the credit union system,” says Friesen. “For someone who thrives on collaboration and fostering stakeholder relationships, this is a great fit for me”.

Friesen is a Chartered Professional Accountant (CPA, CA) with a Masters of Liberal Arts, Finance from Harvard University Extension School and a Bachelor of Arts, Economics from University of Waterloo.

About Concentra Financial

Concentra exists to enhance the success of Canadian credit unions and their members by delivering competitive, high-quality national wholesale and trust solutions. Owned by credit unions, centrals, and other co-operative partners, Concentra is a federally regulated financial institution with approximately $7 billion in assets and $29 billion in assets under administration.

Concentra leverages its regulatory capacity, national network, and industry solutions to help credit unions optimize financial performance, diversify risk and meet member needs. Serving more than 300 credit unions across Canada, representing over $161 billion in system assets, Concentra is committed to be a valued and strategic partner to the system.

For more information about Concentra, visit

Concentra Financial
A Credit Union Company


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Tracy Laschilier
Manager, Communications