Burnaby’s Cymax Group has named Markus Frind as its new CEO.
Frind is the founder of Plenty of Fish which he sold to Match.com in 2015 for USD $575 million. That same year he invested $25 million in Cymax, alongside BDC, and has been on the Board of Directors for over 9 years.
Frind succeeds Rizwan Somji who stepped down from the role in December 2023.
Chief Operating Officer Mike Herenberg had been acting as interim CEO for the past quarter but with the arrival of Frind he will resume his role as COO on the executive team.
During Cymax’s recent CEO search Frind told Business in Vancouver that he now owns roughly 70 percent of Cymax.
Frind joins the executive team at an exciting time as the organization celebrates 20 years of innovation and expands focus on Generative AI.
“I am excited about the opportunities ahead of us,” said Frind. “I have lots of ideas on how we can infuse and inject technology and AI to continue to drive growth.”
Frind’s attention over the past five years has been on his award-winning Frind Estate Winery in West Kelowna.
Unfortunately the Okanagan wine industry is reeling after suffering a litany of climate-related hits, resulting in two years of crop losses in the southern Interior. Most recently, January’s deep freeze is estimated to have inflicted up to 99 per cent crop loss across the province, wiping out this year’s vintage.
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