Leadership
RioCan Adds Ex-Nuvei CFO David Schwartz as Trustee and Audit Committee Member
By News Desk ·
Key takeaways
- David Schwartz joined RioCan's Board of Trustees effective October 30, 2026, and will sit on the Audit Committee.
- Schwartz spent more than 30 years in finance and is currently CFO of eStruxture, the largest Canadian-owned data centre provider.
- Ed Sonshine, Chairman of the Board, said Schwartz's capital markets and strategic transactions expertise will strengthen the board.
RioCan Real Estate Investment Trust appointed David Schwartz as a Trustee effective October 30, 2026, the company said in a Business Wire announcement on October 29, 2026. Schwartz, previously Chief Financial Officer of Nuvei Corporation, will join the Board's Audit Committee. Ed Sonshine is Chairman of the Board.
Schwartz's Finance Career and Audit Role
Schwartz brings more than 30 years of experience across corporate finance, capital markets, mergers and acquisitions, operations, strategy and the scaling of high-growth technology businesses, according to the announcement. He currently serves as Chief Financial Officer of eStruxture, described as the largest Canadian-owned data centre provider.
At Nuvei Corporation, Schwartz led the global finance and legal functions and played a key role in its 2020 initial public offering, which the company said was, at the time, the largest technology IPO in Toronto Stock Exchange history by proceeds raised. He has also held senior roles at The Aldo Group, Optimal Payments, BCE Emergis and PricewaterhouseCoopers. Schwartz holds a Bachelor of Commerce degree in Finance and is a Chartered Professional Accountant and Chartered Financial Analyst.
"David brings extensive financial leadership experience and deep expertise in capital markets, strategic transactions and business growth," Sonshine said. "His leadership in the digital infrastructure and fintech sectors, including building and scaling technology-driven businesses, will add a valuable perspective to the Board."
RioCan's Recent Leadership Changes
According to akta.pro company records, RioCan appointed a new interim Chief Financial Officer in March 2026. The same records list 11 funding rounds, including a February 2026 post-IPO debt round of $146.2 million and a September 2025 post-IPO debt round of $145 million.
Earlier RioCan Board and Finance Moves
On September 30, 2026, RioCan announced that Dennis Blasutti would resume as Chief Financial Officer effective October 1, 2026, FinancialContent Business Page reported. Franca Smith, who served as Interim CFO from March 23 to September 2026, was to continue as Senior Vice President, Finance.
On October 15, 2026, RioCan announced a distribution of 9.65 cents per unit for October, payable on November 6, 2026 to unitholders of record as of October 30, 2026, TradingView reported. The company's portfolio includes 164 properties with about 31 million square feet of net leasable area.
October Distribution Record Date
The October distribution of 9.65 cents per unit is payable on November 6, 2026 to unitholders of record as of October 30, 2026, the same date Schwartz's appointment takes effect.