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RED Mountain Resort, one of North America’s last major independent ski resorts, has announced that after two decades at the helm, Howard Katkov will leave his post as CEO, president Don Thompson will also step down, and Mark Schroetel will become the new president.
The moves are effective July 6.
Katkov will continue to serve as chairman of the board, ensuring that RED’s ethos of fierce independence remains intact. Thompson will also remain an active member of the board.
Schroetel brings over 30 years of resort and industry leadership to his new position at the Rossland, B.C., four-season resort.
“For 22 years, I’ve poured my heart into this mountain,” Katkov said in the announcement. “Not to build a cookie-cutter resort, but to protect something real. RED stands for independence, character, and community.
"I couldn’t pass that legacy to just anyone. In Mark, I see someone who gets it - who understands that RED’s success lies in its authenticity, not in conforming to the status quo.”
Schroetel served for 15 years as general manager of Bear Creek Mountain Resort in Pennsylvania, where he oversaw a full-scale redevelopment of the resort. Later, he spent 8 years as general manager and CEO at Utah’s Powder Mountain, North America’s largest skiable resort by acreage.
“I’ve always been drawn to the Kootenays,” Schroetel said. “In fact, I brought my dad here for his 60th birthday and returned to RED as a reward for completing my first year as a GM over two decades ago. When this opportunity came up, it felt like destiny."
RED is one of the Top-10 largest ski resorts in North America, with 3,850 acres of terrain, nearly 3,000 feet of vertical, and tree skiing across five peaks. RED has also evolved as a year-round destination, launching new summer experiences, resort housing developments and other projects.
Gabe Chung takes V-P role at Cameron Stephens
Cameron Stephens Mortgage Capital Ltd. (CSMC) has hired Gabe Chung as vice-president, origination – Western Canada.
Based in the firm’s Vancouver office, Chung will be responsible for originating commercial real estate loans across various asset classes and strengthening CSMC’s client relationships and brand presence.
He joins CSMC with more than 20 years of experience in commercial real estate lending. Most recently, Chung was managing director at National Bank of Canada, where he led the launch of the bank’s real estate centre in Vancouver and originated several billion dollars in debt lending.
Ruck Lane hires Andrew Garrett to be CIO
Canadian private markets firm Ruck Lane has announced the appointment of Andrew Garrett as chief investment officer, effective immediately.
As CIO, Garrett will lead Ruck Lane’s investment strategy, oversee portfolio growth, manage risk, and shape capital allocation decisions across its national platform of real estate portfolio companies. He will play a key role in advancing Ruck Lane’s pan-Canadian strategy, sourcing and structuring living sector investments, and growing investor relationships across pension, insurance, and wealth management sectors.
Avison Young adds three new principals
Nolan Adkin, Adrian Fitz-Gerald and Shannon Sawicky have been named principals by commercial real estate services firm Avison Young. All three are based in Ontario offices.
“I am delighted to congratulation Nolan, Adrian, and Shannon on becoming principals – truly a pivotal step in their careers with Avison Young as their insights will help shape our strategic path forward,” said Joe Almeida, principal and managing director, Ontario, in the announcement.
TPC Development significantly expands executives
TPC Development Corp. of Winnipeg, the Canadian master franchisor of The Picklr (excluding Quebec) has made a significant expansion of its investor and leadership team as it begins to grow across the country.
Greg Fettes joins TPC as executive chair. The Winnipeg-based founder of IntouchCX, a global customer experience and technology company with more than 25,000 employees, Fettes also serves as chairman and founder of Play Ventures, an investment vehicle focused on sports and community-driven experiences.
TPC's new president is Rob Lloyd, a Winnipeg native who spent over two decades in senior roles at Cisco Systems - most recently as president of worldwide sales and engineering.
Mark Arndt has been named chief development officer, with 20-plus years developing world-class indoor soccer and tennis facilities and operating an international professional tennis event. TPC also named four other new executives.
Bhasvar moves to GWLRA as V-P
Namit Bhasvar has been appointed as vice-president, leasing and marketing, for the residential division at Toronto-based GWL Realty Advisors.
Bhasvar spent almost four years at Hazelview Investments, first as regional director of sales and marketing and then as senior director of sales and marketing. Previously, among other roles he also spent time with InterContinental Hotels Group, Hyatt Hotels and AccorHotels in a variety of marketing managerial positions.
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