Echelon Financial Announces Resignation of Alvin Sharma, CFO

TORONTO, Aug. 23, 2018 /CNW/ - Echelon Financial Holdings Inc. (TSX: EFH) today announced the resignation of Alvin Sharma as Echelon's Chief Financial Officer and a member of the Company's Senior Management team.

After nearly six years with the Company, Mr. Sharma has decided to pursue another opportunity as a CFO in the life insurance industry.

"Alvin has been a key member of our management team during Echelon's recent growth, and we would like to thank him for all his contributions," commented Serge Lavoie, President and CEO. "We will miss him greatly, and wish him well in his future endeavours."

Mr. Sharma's resignation is effective September 14^th, and the Company will immediately begin a search for Mr. Sharma's successor. In the meantime, Patrick Espeut, Vice President of Finance and Corporate Controller, will act as interim CFO for the Company.

About Echelon Financial Holdings Inc.

Founded in 1998, Echelon Financial Holdings Inc. operates in the property and casualty insurance industry in Canada, providing personal and commercial lines insurance exclusively through the broker channel. The Company distributes insurance products through Echelon Insurance and The Insurance Company of Prince Edward Island. It trades on the Toronto Stock Exchange under the symbol EFH. For more information, please visit echeloninsurance.ca.

SOURCE Echelon Financial Holdings Inc.