EDMONTON, Alberta -

Not long after announcing its plans to become a corporation, Carfinco Income Fund revealed its new chief operating officer earlier this week, appointing current chief financial officer Troy Graf to the role.

Replacing Troy Graf as CFO is Stephen Dykau, who has been with Carfinco since April 2009, when he joined as vice president of finance.

Troy Graf, meanwhile, had been CFO since November 1998. His tenure with the company goes back to its founding in 1996.

“As we continue to grow and mature we are excited about the future prospects of Carfinco,” said Tracy Graf, the company’s chief executive officer.

“The knowledge and disciplined approach that Troy and Stephen bring to the executive of the fund is invaluable to the implementation of programs, policies and procedures designed to positively impact the growth, efficiency and success of Carfinco,” he added.

Carfinco announced Sept. 8 that it is aiming to change over to being a corporation at the start of next year, as reported in Auto Remarketing Canada.

The company’s board of trustees has approved the proposal, but to change from an income fund to a corporation Carfinco must get the green light from the court and meet customary commercial conditions.