Toromont CEO Sorensen steps down, Ogilvie steps in


TORONTO, Aug 28 (Reuters) - Toromont Industries Ltd. said on Monday that Hugo Sorensen is stepping down as chief executive, and will be replaced by former CEO and current chairman Robert Ogilvie. The Concord, Ontario-based company said Sorensen would step down immediately, but will remain available to the company until Sept. 15 to help with the transition of his duties. He is leaving to pursue other business opportunities, Toromont said. Ogilvie served as CEO from 1987 to 2002. ...

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