BRIEF: Concordia’s New CFO Steps Down

Sonia Trudel Leaves After “Mutual Agreement”: Concordia

NewsMichelle Pucci — Published November 26, 2015

Trudel’s resignation was a mutual agreement, the release says. Concordia’s spokesperson said the university would not comment further.

Outgoing CFO Patrick Kelley will resume as interim head of Financial Services. Kelley had been Concordia’s CFO since 2010.

“I want to thank Sonia for her work and wish her all the best in her future endeavours,” said Alan Shepard in the online statement. “I’d like to thank Patrick for accepting the responsibility of leading the Financial Services team, which continues to provide high-quality services to our community in a very challenging fiscal environment for all Quebec universities.”

Trudel began working at Concordia on Aug. 17, and assumed the CFO position on Sept. 21.

Before joining Concordia, she worked in CBC/Radio-Canada’s Real Estate Division and SNC-Lavalin Nexacor, a property management subsidiary of engineering and construction company SNC-Lavalin.

Universities in Quebec, including Concordia, are facing budget cuts from the provincial government, despite indexed tuition increases calculated at 0.9 per cent this year. Concordia’s 2015-2016 budget expects a deficit of $8.2 million. The university has lost more than $30 million in government subsidies since 2012.