Vancouver: Sextant Entertainment says it has settled with its former cfo Martin Johnson, a founding member of the company who left abruptly Oct. 11 to ‘pursue other interests.’

His departure comes on the heels of a management reorganization that installed cofounder Chris Brough in the role of president, entertainment and Matthew O’Connor as president, production.

Johnson, a one-time chief of the West Coast office of Alliance Equicap, has been paid ‘a package commensurate with his position at Sextant and his time spent with the company,’ says a Sextant release. Also, Sextant is ‘assisting’ Johnson in the disposition of his equity interest in the company.

Patrick Brown, Sextant’s controller, has been appointed to the position of cfo until a new cfo is named.

On Sept. 27, Sextant began trading on the Canadian Venture Exchange. On Oct. 24, shares traded at $1.90, near its 52-week low of $1.75. The year high is $6 per share. *

-www.sextantentertainment.com