Ken Scott


To provide experience and leadership as the Company’s Chief Financial Officer or Vice President of Finance. Contribute to the review of strategic planning and corporate development opportunities. Lead the annual budget and multi-year business planning process in co-ordination with management. Assume responsibility for the Company’s ongoing needs regarding financial stewardship and maintenance of effective systems of internal control, banking relationships, foreign exchange forward and spot contract or other financial derivative instrument management, tax compliance and dealing with various tax authorities, corporate governance, review of legal and regulatory matters, human resources and payroll administration, Shareholders’ audit and other audit requirements, Management and Shareholder/Board reporting (including participation at Board meetings and acting as Secretary, if required), contract negotiations, and other financial-related and administrative matters of the Company as required. To be active in decision making on operating and capital expenditure activities of the Company. To maintain strict cost control in order to achieve or exceed budgeted financial performance targets, and increase enterprise value.


A qualified chartered accountant and experienced senior financial executive with hands-on operational finance and administration. Skilled in business strategic planning and formulation of operating and capital budgets, forecasts, multi-year projections, financial reporting and all aspects of FP&A. Start-up experience gained in establishing Ireland's first independent commercial television network, followed by setting up a centralized accounting service in Canada for Canwest Global's Canadian media operations. Additional international experience gained in my most recent posting as CFO for Canwest's Turkish radio operations in Istanbul. Extensive due diligence experience. Highly motivated and results driven. Single and can relocate easily.

Work History

Work History
Nov 2005 - May 2009


Canwest Medya Türkiye, Istanbul
• Formulated and implemented the annual budgets, 3-year business plans, and established accounting, internal control and reporting systems for monthly management operations and financial reports, weekly sales reporting, quarterly forecast updates and other quarterly reporting to Winnipeg Corporate for Canwest’s $65M USD investment in 2 national and 2 Istanbul local top-ranking commercial radio stations (over 20% of the radio market revenue share, a 40% operating profit margin and a staff headcount of 70) • Optimized inter-corporate charging arrangements between the Turkish legal entities (7 in total) to maximize deductibility of the investment and prevent expiry of tax loss carryforwards • Repatriated in the first 2 ½ years post-acquisition $13M USD of the investment to Canwest • Member of the Boards of Directors of the Turkish legal entities, and responsible for overseeing all aspects of the day-to-day financial and administrative operations, negotiating and executing contracts, approval of all bank disbursements and dealing with all personnel and legal matters • Led the due diligence processes in August 2005 for buying the assets (closing April 2006), and for the sale of the assets that successfully culminated at the end of May 2009
Oct 2004 - Nov 2005

National Director of Financial Reporting

Canwest Mediaworks, Toronto, Canada
• Transitioned responsibility of the consolidated financial reporting for Canwest’s Canadian media operations (2 national TV networks, 1 national newspaper, 9 major metropolitan daily newspapers and an Interactive division. 2005 Revenues: $1.9B CDN, Assets: $4.0B CDN) from Toronto to Winnipeg • Negotiated and managed contingency fee based consulting projects for property tax recoveries, sales tax and other commodity tax recoveries, and duplicate payment recoveries
Nov 2002 - Oct 2004

Vice President Finance

Global Television Network Inc., Toronto, Canada
• Directed the consolidated financial reporting of Canwest’s Canadian media operations, and co-ordinated the quarterly and annual shareholders’ review and audit requirements • Co-ordinated the annual insurance renewal process with our broker for all of our Canadian media operations’ property & casualty insurance coverage requirements
Sep 2001 - Oct 2002

Vice President of Financial Operations

Canwest Business Services, a division of Canwest Media Inc., Winnipeg, Canada
• Established a centralized financial services facility to perform the accounts payable, payroll and financial accounting functions for Canadian operations
Mar 1998 - Sep 2001

Director of Finance and Chief Financial Officer

TV3 Television Network Limited, Dublin, Ireland
• Successfully started up and launched, under budget and on time, Ireland’s first independent commercial television network. Acknowledged as one of the most successful television start-ups in Europe, achieving break-even cash flow on schedule by Year 3 • Negotiated and secured bank financing for the investment • Acted as Secretary in quarterly meetings of the Board of Directors • Led the due diligence to sell off 50% control in Year 3 fully recouping Canwest’s initial investment
Apr 1987 - Mar 1998

Director of Financial Reporting

Global Communications Limited, Toronto, Canada
• Led the annual budget process and reviewed with the Corporate Budget Review Committee detailed operating and capital expenditure budgets and 3-year plans for Canwest’s Canadian television operations • Established a comprehensive consolidated and by business unit month-end financial and operational reporting package for submission to Corporate • Prepared all legal entity corporate income tax returns and dealt with tax authorities on audit, assessments, notices of objection and assisted in the negotiation of settlements for Canadian television operating and sales companies, annual statutory financial returns for the regulator (CTRC) for our flagship station in Toronto, and compiled quarterly bank debt covenant compliance reports • Controlled the financial statement annual audit fieldwork completion and review of findings with the Shareholders’ Auditors for the consolidated Canadian television and sales company operations • Conducted due diligence on investment opportunities, including the successful acquisition of television stations in the Maritimes and Quebec strategic for Canwest’s goal to have a full national network
Oct 1985 - Apr 1987

Manager of Statutory Reporting/Manager Accounting Policies and Procedures

Bank of Nova Scotia, Toronto, Canada (TSX/NYSE: BNS)

• Oversaw all statutory weekly, monthly, quarterly and annual report filings. Prepared financial information and notes to the financial statements for Shareholders’ Quarterly and Annual Reports

Jul 1980 - Oct 1985

Progressed to Senior Staff Accountant

Clarkson Gordon Chartered Accountants (subsequently merged with Ernst & Young), Toronto, Canada

• Internship completed to obtain the Chartered Account’s designation. Increasing responsibilities including 3 years as audit senior on the Bank of Nova Scotia, one of the Top 5 Canadian banks


1976 - 1980

Bachelor of Commerce (Honours)



MS Office Excel, Word and PowerPoint

Turkish Language

Intermediate reading and writing, and advanced beginner conversational skill


May 1985 - Present

Chartered Accountant

Canadian Institute of Chartered Accountants