Management Team

As one of Saskatchewan's largest venture capital and private equity managers, our team has a proven track record – not only in building long-term growth for investors but also for job creation and leading the way to a stronger Saskatchewan by focusing on community goals.

The SaskWorks management team is led by President and Chief Executive Officer, Randy Beattie; Vice President, Investments, Chris Selness; and Vice President, Chief Financial Officer and Corporate Secretary, Rob Duguid.

PFM Capital Inc., the manager of SaskWorks, also manages Apex Investment Fund, Prairie Ventures Limited Partnership, Top Soil, and the Saskatchewan Entrepreneurial Fund. This breadth of activity means the managers at SaskWorks Venture Fund have an unparalleled ability to engage in larger, late stage organizations that carry a lower degree of risk. This also allows us to effectively participate in follow-on investment activity as our investee companies succeed and grow. Just as we view effective management teams as a key success factor in our investee companies, we also believe that our own management team is the strongest in Western Canada.

You've seen the indicators of success. Now let's meet the team of dedicated professionals that makes SaskWorks Venture Fund work.

Randy Beattie
Randy Beattie, President & CEO
Randy Beattie grew up in Willowbunch, SK, helping on his family farm. He obtained his degree through Luther College at the University of Regina, and is a founding partner in PFM Capital Inc. Randy has extensive experience in private equity management. He is the President and CEO of PFM Capital Inc., SaskWorks Venture Fund Inc. and Prairie Ventures Fund Limited Partnership, the Saskatchewan Entrepreneurial Fund, and Apex Investment Fund.

Randy holds a variety of directorships including Koenders Windmills Inc., Keystone Royalty Corp., Brennan Office Plus, Temple Gardens Mineral Spa Inc., Crestline Coach Ltd., and Westcon Equipment and Rentals Ltd.

Rob Duguid
Rob Duguid – Vice President & CFO
Rob Duguid was born in Moose Jaw, and is a founding partner of SaskWorks Venture Fund and a partner in PFM Capital Inc. Rob holds the position of Vice President, Investments, for PFM Capital Inc., Apex Investment Fund, and Saskatchewan Entrepreneurial Fund. He is Vice President, Investments, and Chief Financial Officer for the general partner of Prairie Ventures Fund Limited Partnership. Mr. Duguid is Chief Financial Officer and Corporate Secretary of SaskWorks Venture Fund Inc.

Prior to joining PFM, Rob was Vice President, Investments, with the Saskatchewan Government Growth Fund Management Corporation, an immigrant investor fund with over $155 million under management. Rob holds a variety of director positions including Brennan Educational Supply Ltd.; Bonus Energy; Churchill Energy Inc.; Cipher Energy; Crestline Coach Ltd.; MCN BioProducts Inc.; Prairie Plant Systems Inc.; Pro Metal Industries Ltd.; Villanova Energy Corp. and Westcon Rentals & Equipment Ltd.

Chris Selness
Chris Selness, Vice President – Investments
Chris is Vice President, Investments, for SaskWorks Venture Fund. Chris is a designated Chartered Financial Analyst (CFA) and holds an MBA from the University of British Columbia. Chris was born and raised in Melfort, SK. He received his Bachelor of Commerce Degree from the University of Saskatchewan. He holds directorships in Comco Manufacturing Ltd.; Community Electric Ltd.; Hesterman Technical Services, and RW Organic.

Chris began his career in the financial services industry in Toronto in 1987 as a currency trader with the Investment Banking division of the Royal Bank and subsequently moved to Merrill Lynch Canada's Mergers and Acquisition unit.

Mike Merth
Mike Merth, CFO
Mike Merth is originally from Regina. He holds Bachelor of Administration and Bachelor of Science degrees from the University of Regina, and holds both Chartered Accountant (CA) and Certified Management Accountant (CMA) designations. Before joining PFM Capital, Mike worked for a private accounting and financial services company established to provide investment management and administrative services for venture capital and private equity funds.

Jason Moser
Jason Moser, Senior Investment Manager
Jason grew up in Weyburn, graduated from the University of Saskatchewan with a Bachelor of Commerce, and subsequently obtained his Chartered Financial Analyst (CFA) designation. Prior to joining PFM, he worked in equity research at Raymond James where he was involved in the valuation of conventional oil and gas income trusts. Jason has also spent time on the trading desk at EPCOR Merchant & Capital and with the Canadian Forces.

Johanna Fry
Johanna Fry, Analyst
Johanna was born and raised in Regina. She graduated from the University of Regina with a Bachelor of Business Administration degree (Great Distinction) majoring in Finance. While attending university, Johanna was employed by an investment advisor, where she gained a thorough understanding of the financial services industry. She is actively involved in the due diligence process, underwriting, monitoring, and ongoing reporting of investments.

Johanna is working towards her CFA designation and regularly volunteers with the YWCA Big Sisters of Regina as a Big Sister.

Rene Chan
Rene Chan, Analyst
Reginald Chan joined PFM in January, 2008. Reginald was born in Saskatoon and raised in Regina. In December of 2007, he completed his Bachelor of Business Administration degree at the University of Regina with a major in Finance and a minor in Accounting.

While attending university, Reginald participated in the Co-op Education program, and had the opportunity to gain work experience at the Office of the Provincial Auditor, the federal government, and Shell Canada Ltd.

Reginald enjoys snowboarding and motivates the rest of the PFM staff to spend time at the gym. He is involved in the community through various charitable organizations and coaching soccer.

René Benoit
René Benoit, Senior Investment Manager
René joined PFM Capital Inc. in 2008. Prior to joining PFM, René spent five years working in the Saskatchewan Credit Union system, most recently with Concentra Financial in the Corporate Finance area. At Concentra he was responsible for the management and oversight of some of the asset securitization programs and other structured finance product solutions. René obtained a Bachelor of Administration degree from the University of Regina and also holds the Chartered Financial Analyst designation.

Sally Nameth
Sally Nameth, Controller
Sally grew up in the Ceylon, SK. area. She joined PFM Capital Inc. as an accounting and investment assistant. She brings strong banking experience from the credit union system and investment experience she acquired at Crown Capital Partners and Saskatchewan Government Growth Fund where she worked as the Investment Administrator.

Sally is responsible for PFM Capital's subsidiary company accounting as well as various accounting activities within the funds PFM Capital manages.

Marga Bos
Marga Bos, Accountant
Marga was born and raised in The Netherlands in the province of Groningen. In May of 2007 she and her family immigrated to Canada where they made a home in Balgonie SK. Marga has a college degree in accounting and has previous work experience as an accounting assistant and as a client services representative.

Annette Zaleschuk
Annette Zaleschuk, Office Manager
Annette Zaleschuk became part of the PFM Capital team in the fall of 2006. Annette is originally from Courtenay, B.C. She and her family have lived in Saskatchewan for twenty years. Annette was previously employed at the Credit Union Deposit Guarantee Corporation where she used her exceptional organizational skills to assist the monitoring team in launching Risk Based Monitoring within the credit union system. Prior to that, Annette worked as the Communications and Marketing Director for a mutual fund dealer. Annette's Master's degree in Counseling is a value-added component to her skill-set.

Annette is responsible for supporting the management and boards of PFM Capital, SaskWorks, PVLP, SEF, and APEX.

Robin Nicholas
Robin Nicholas, Director of Investor Relations
Robin is originally from Milestone, SK. Prior to joining the PFM team, Robin worked as a licensed advisor in the financial services industry. Robin began her education at the University of Saskatchewan in the College of Commerce and completed it at the Southern Alberta Institute of Technology, graduating with a diploma in Printing Management Technology (Honours).

Robin is responsible for maintaining and building relationships with financial advisors through face-to-face interaction, marketing and event coordination. She is a member of and participates on the board for a variety of organizations and events including SYPE, Regina Women's Network, Women Entrepreneurs of Saskatchewan and was a Director for the 2008 Scotties Tournament of Hearts.

Todd Kemp
Todd Kemp, Manager of Marketing & Investor Relations
Todd was born and raised in Regina, and was working towards his bachelor of arts degree in Psychology at the University of Regina when he became involved in the Financial Industry. Prior to joining PFM, Todd worked in financial services for TD Canada Trust from 2005, and was actively involved in both lending and investing as a licensed Mutual Fund representative. Todd brings a great deal of retail service and sales experience to the PFM team.


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SaskWorks Diversified (Class A) 12.7742
SaskWorks Resources (Class A-R) 12.7802
As at January 02, 2009