Teranet Announces Upcoming CEO Retirement

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Postmedia has not reviewed the content. by Business Wire Teranet Announces Upcoming CEO RetirementAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.TORONTO — Teranet Inc. (“Teranet”), Canada’s leader in the delivery and transformation of statutory registry services, technology platforms and property intelligence solutions, announced today that Elgin Farewell, President and Chief Executive Officer, will retire after almost three decades with the company, including more than 13 years as President and CEO. Mr. Farewell will continue to serve as President and CEO while the Board completes its CEO succession process.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Account“Elgin’s leadership has been instrumental in building Teranet into the strong, resilient organization it is today,” said Andrea Bolger, Chair of Teranet’s Board of Directors. “The Board is deeply grateful for his dedication, judgment and lasting contribution, and we are committed to managing this planned succession process thoughtfully to support continuity for employees, customers, partners and stakeholders.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againMr. Farewell joined Teranet in 1997 and has held a number of leadership roles with the company. He became President and CEO in 2013. Over his tenure, he helped advance Teranet’s role in modernizing land registration and strengthening long-term registry partnerships, while also supporting the company’s evolution into a broader platform, data and workflow solutions business. Today, Teranet is the only concessionaire supporting land registry operations in two Canadian jurisdictions, Ontario and Manitoba, and serves customers, government partners and professionals across the property value chain through statutory registry services, property intelligence, commercial data, insights and workflow solutions.“It has been a true privilege to have been part of a company that has, in partnership with government, transformed an industry,” said Elgin Farewell, President and CEO of Teranet. “I am proud of what our teams have built together and grateful for the commitment and expertise that define this organization. I remain focused on supporting our people, customers, partners and stakeholders as Teranet prepares for its next chapter.”“As Teranet’s long-term owner, OMERS Infrastructure has seen firsthand the scale and resilience of the business the Teranet team has built under Elgin’s leadership, and the important role it has played in helping OMERS deliver on its pension promise to members,” said Peter Gray, Senior Managing Director and Head of Americas, OMERS Infrastructure. “We thank Elgin for his stewardship and lasting contribution to Teranet. Over nearly three decades, he has helped shape Teranet’s growth, deepen its customer and government relationships, and position the company well for its next chapter, with a strong management team in place to carry the business forward.”The Teranet Board has initiated a structured CEO succession and will oversee the search as it moves forward.Teranet is Canada’s leader in the delivery and transformation of statutory registry services with extensive expertise in land and commercial registries. It also provides insightful property intelligence and data solutions to thousands of customers in the real estate, financial services, government, utilities and legal markets. Founded in 1991, Teranet operates the Electronic Registration System for the Province of Ontario, and the Land Titles and Personal Property registries end-to-end for the Province of Manitoba. Teranet has a global footprint through its ownership of Foster Moore, whereby its registry solutions include commercial off-the-shelf registry software that delivers operational cost reductions, enhanced security and process improvements. Teranet is proud to be recognized as one of Greater Toronto’s Top 100 Employers for ten years in a row (2017–2026). Teranet is owned by OMERS, one of Canada’s largest defined benefit pension plans, and is managed by OMERS Infrastructure, which invests globally on behalf of OMERS.View source version on businesswire.com: Media InquiriesContact:Emily BoyceSenior Director, Marketing and CommunicationsTeranet Inc.emily.boyce@teranet.ca647.882.6100This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.