Topic: Major Science Initiative

CMC Microsystems extends window for securing new financing; prepares for leadership change

The leaders of CMC Microsystems have announced their retirement after saving the organization from a near-death experience and giving it renewed hope of further funding after current government commitments end in 2019. President and CEO, Dr Ian McWalter, will step down at the end of the current FY after 33 years of engagement and — years at the helm. Also stepping down is Dan Gale, VP and CTO, who joined CMC (then known as Canadian Microelectronics Corp) prior to its incorporation 1984.