Onex names next CFO

The Canadian private equity and real estate firm found a replacement for long-time CFO Donald Lewtas from within.

Onex Corporation, a Canada-based private equity and real estate investment firm, named Christopher Govan as chief financial officer, effective March 1, 2015.

Govan, who currently works as a managing director responsible for fund administration and tax at Onex, will replace long-standing CFO Donald Lewtas. In his new role, Govan will also oversee Onex’s finance, treasury, reporting and technology functions.

“Over the past 27 years with Onex, [Lewtas] has been dedicated to the firm’s financial affairs and reporting standards and has been integral in creating and building our strong finance team,” said in a statement Gerry Schwartz, Onex chairman and chief executive.

Lewtas will continue to work with Onex and will oversee the firm’s purchasing and shared services initiative as well as act as a sounding board to Govan as he settles into the job.

Onex was formed in 1984 and is based in Toronto, Canada with additional offices in New York and London. Onex Partners is the flagship private equity investment platform of Onex, which focuses on North America-based businesses. In May 2014, Onex held a close of $5.15 billion for Onex Partners IV.