(February 21 – 16:05 ET) – Institutional investment counselor Perigee Investment Counsel Inc. has announced that Derek Ridout, a former director of Perigee, will become chief executive officer of the company, effective April 1.

Alex Wilson, Perigee’s long-time CEO, will continue as Chairman of Perigee and as a director of Legg Mason Canada Holdings Inc.

“Derek Ridout has precisely the qualifications we were looking for in a CEO. He is a seasoned senior executive with a strong track record of building management teams with a focus on providing the highest quality service to clients,” said Wilson.

Ridout was previously president and CEO of Silcorp Ltd., a chain of retail convenience in Ontario and Western Canada. He has also held senior positions in the consumer goods industry with a focus on marketing and strategic issues.

“I look forward to bringing my experience in general management to the challenge of building on the company’s outstanding track record for client service,” Ridout said.
-IE Staff