Freehold Royalties Ltd., the Calgary-headquartered energy royalty company, announced on Monday that Vice President of Finance and Chief Financial Officer Shaina Morihira is resigning from her post, effective May 15, 2026.
Ms. Morihira will remain with the TSX-listed company (FRU) through mid-May to oversee a smooth handover of financial responsibilities, including filing first-quarter 2026 results scheduled for May 12.
"On behalf of the entire organization, I thank Ms. Morihira for her dedication and leadership," said David Spyker, President and Chief Executive Officer. "During her tenure, she played a meaningful role as we transitioned into a fully staffed independent organization. She supported key strategic initiatives and led with a strong focus on collaboration and strengthening organizational capabilities."
The company has launched a formal search for Morihira's successor with support from an executive search firm. Freehold's accounting and financial reporting infrastructure is equipped to maintain operational continuity during the transition period.
Freehold operates as a leading North American energy royalty company, holding approximately 6.0 million gross acres across Canada and roughly 1.2 million gross drilling acres in the United States. The company has established itself as a significant player in the royalty sector, generating revenue from oil and gas production on properties it owns.
This article is based on reporting from Financial Post and GlobeNewswire.