Creditors hire corporate fixer

Creditors have hired Harold (Hap) Stephen, a high profile chartered accountant known for leading reorganizations at struggling firms such as Stelco Inc., Algoma Steel Inc. and retailer Timothy Eaton Co. Ltd., to guide Canwest through its complex restructuring, the Globe and Mail reports.

This is further confirmation that the creditors, rather than the Asper family, are in control of the company.

This entry was posted on Thursday, August 6th, 2009 at 6:00 pm and is filed under Canwest.