Dealnet Capital Corp. announced that it has commenced the search for a new Chief Executive Officer following the decision by the company to replace the current CEO, Mr. Michael Hilmer, effective immediately. The board of directors confirmed that Mr. Hilmer has also resigned as a director of the company effective immediately.

The board of directors has appointed Mr. Brent Houlden as interim Chief Executive Officer during the search process. Mr. Houlden has extensive experience and knowledge in the areas of corporate strategy, finance and operations and has served as a director of the Company since 2015. For more than 20 years, Mr. Houlden was a senior partner with Deloitte where he held various leadership positions building Deloitte's Consulting and Financial Advisory practices.

Since retiring from Deloitte in 2014, Mr. Houlden has worked on a series of interim management assignments with public and private companies.