Bench, Canada Drives latest tech firms to switch up executive ranks in 2022

At least 10 notable B.C. tech companies have shuffled their C-suites in the past month

Bench Accounting and Canada Drives are the latest B.C. tech firms to make significant hires within their respective C-suites over the past month | Photo: Chung Chow, BIV

Two more B.C. tech companies are adding to their executive ranks amid an unprecedented month of change for the sector’s C-suites.

Bench Accounting Inc. announced Thursday the hiring of Jean-Philippe (JP) Durrios as its first president and chief financial officer.

This comes after Canada Drives Ltd. revealed on Monday the hiring of Darcy Reno as its chief technology officer (CTO).

Bench last year raised US$60 million in a Series C financing round, while Canada Drives followed up a few months later with a $100-million funding round.

“Think about all the additional hiring needed in a sector that's growing and that plays out in additional executive roles as well,” Stephanie Hollingshead, CEO of Vancouver-based Tech and People (TAP) Network, told BIVearlier this month.

She said the recent burst of high-profile executive hires is unusual for the province’s tech scene.

But with unprecedented amounts of investor capital flowing in, B.C. tech companies have been on a tear hiring workers as part of their expansion efforts.

A 2021 TAP survey found respondents' average planned headcount growth for last year was 37%, “which is really high,” said Hollingshead.

At least 10 B.C.-based tech companies have announced major changes to their executive ranks to kick off the year:

Bench develops software to help automate accounting tasks for about 12,000 businesses globally.

L.A.-based Durrios previously served as CFO and chief operating officer of consumer insights platform Disqo Inc.

Canada Drives, meanwhile, shifted lanes in 2020 from its fintech origins into online vehicle sales.

Kelowna-based Reno was previously CTO at B.C. animation house Bardel Entertainment Inc. before co-founding FNX Technologies Ltd., serving as its CEO before it was acquired by LFX Services Ltd. 

He subsequently served as CTO of digital product creation and commerce at the new parent company.

torton@biv.com

@reporton