Gagné joined the Winnipeg Commodity Exchange in January of 1992 and is currently Director of Finance for WCE and Treasurer of the WCE Clearing Corporation. In his capacity as Director of Finance, he is responsible for all financial, treasury, accounting and general administration functions for the WCE.
From 1983 until 1991, Gagné acted as Chief Financial Officer for Manitoba Crop Insurance Corporation. Prior to that, he worked six years for an exploration and mining development corporation and two years for an oil and gas company.
"We feel fortunate to have someone with Mike's credentials step in as interim President and CEO", said Peter Lloyd, Chairman of WCE Board of Governors. "The Board realizes that at the end of the demutualization process a new board will be voted in by the shareholders of WCE, and going forward, it is appropriate that they will have the responsibility to recruit and appoint the President and CEO."
WCE provides the world's premier price discovery and risk management tools for canola. Canola is the most actively traded commodity on WCE and has been trading since 1963; options on canola futures have been available since 1991.
WCE trades futures contracts in: canola, canola meal (June 2001), western barley, flaxseed, feed wheat and field peas; and options contracts in: canola, flaxseed, feed wheat and western barley. Established in 1887, Winnipeg Commodity Exchange provides a marketplace for price discovery and the transference of price risk in an efficient and open manner.
