PrimeWest announced the appointment of Brad Penno as its new Chief Executive Officer, with duties to commence August 22, 2016. Tom Archibald and Doug Frondall, Co-Presidents and Co-Chief Executive Officers, have stepped down from their interim positions however they are available to assist Brad Penno in his initial introduction to the Corporation. In the past Mr. Penno has served as Commercial Mortgage Manager with Royal Trust Corporation, as a Mortgage Specialist with the Royal Bank of Canada and most recently as a Commercial Mortgage Associate with Sherwood Mortgage Group in Saskatchewan.

PrimeWest also announced the resignation of Barbara Klassen as a director of the Corporation effective August 22, 2016. Ms. Klassen resigned as her business involvement more aligned as a referral company to PrimeWest and she expressed concerns respecting potential future conflict of interest. In the place of Barbara Klassen, the Board announced the appointment of Wilson H. Olive as a director.

Mr. Olive has served as senior counsel to Olive Waller Zinkhan & Waller LLP which firm has provided legal services to the Corporation since its inception in 2005. Wilson Olive has served as a director with a number of public companies. He also served as past chair of the Board to the Regina Regional Economy Authority and to Saskatchewan Institute of Applied Arts and Science.