Terra Firma Capital Corporation announced that its Board of Directors has appointed Mr. Glenn Watchorn as its new President and Chief Executive Officer of the company and Mr. Y. Dov Meyer, the current Chief Executive Officer appointed as a member of the Board and Executive Vice Chairman of the Board, effective June 1, 2016. Mr. Meyer will remain actively engaged in the company working alongside and supporting the new Chief Executive Officer in the performance of his duties. Mr. Watchorn has been serving as President and Chief Operating Officer of the company since December 2014.

Mr. Watchorn is directly responsible for the company's successful penetration and expansion into the U.S. as well as other growth initiatives of the company. Mr. Y. Dov Meyer, the current CEO will be appointed to the Board of Directors and will become Executive Vice Chairman.