Board of Directors

Peter Matson

Director & Chairman of the Board

Peter Matson is retired after a career that included 38 years with Bell Canada where he managed a technical support system for various system and IP technologies over a region covering significant parts of Ontario and Quebec. Peter has a bachelor of arts degree with honors and a major in economics from the University of Waterloo, Department of Economics. He also has an Electrical Engineering Diploma from the Confederation College in Thunder Bay Ontario. Peter is also a long time shareholder of Karnalyte Resources Inc.

Mark Zachanowich


Mark Zachanowich is the Vice President of Operations with Peak of the Market in Winnipeg, MB. Peak of the Market packages, markets and distributes root crop vegetables throughout North America. Mark has nearly 30 years experience in retail and wholesale distribution including extensive experience in operations management, logistics management and business development. In his career, Mark has served as Director of Logistics and Distribution at Cabelas Canada, Director of Operations with The North West Company and President of Zack Enterprises Ltd. Mark has a Bachelor of Business Administration degree with a major in Marketing and Management from the University of North Dakota. Mark also volunteers extensively in his community and has served as soccer coach and facilities manager for soccer associations in Winnipeg, MB. Mark is also a long time Karnalyte shareholder.

Gregory Szabo


Gregory Szabo is the founder and CEO of ESS Ltd. an education, consulting and software development company providing services to large corporate and institutional clients throughout North America. In addition to his role at ESS, Gregory serves as president of Hg197 Inc., a software company developing, supporting and selling a line of information processing software.  Gregory’s experience includes education, project leadership, sales, marketing and accounting.  He has expertise in operating systems and information processing architectures as a senior system engineer.  Prior to his current roles, Gregory held various management positions with Memorex Telex Ltd. Storage Technology Ltd., and Petro Canada Ltd.  Mr. Szabo has an honors degree in computer science from the University of Windsor.  Greg is also a long term Karnalyte shareholder.

W. Todd Rowan


Todd Rowan is a consulting firm owner partnered with TrendMax Agribusiness Group. TrendMax is a farm management consulting firm providing crop marketing and business planning services to agricultural producers in western Canada. Prior to partnering with TrendMax, Todd was the Director of Procurement at AGT Food and Ingredients Inc. (formerly, Alliance Grain Traders Inc.). and Procurement Manager at Prairie Pulse Inc. Todd also has many years of grain and chemical marketing and operations experience with United Grain Growers. Todd has a Bachelor of Science in Agriculture – Agricultural Economics degree from the College of Agriculture at the University of Saskatchewan. Todd also volunteers extensively in the Saskatoon community most notably serving as a coach for many years with Saskatoon Minor Hockey.  Todd is also a long term Karnalyte shareholder.

Vishvesh D. Nanavaty

CA, Director

Vishvesh D. Nanavaty is the General Manager of Finance and Chief Finance Officer at Gujarat State Fertilizers and Chemicals Ltd. (GSFC), a large joint-sector company with more than US$1 billion turnover, and Karnalyte’s strategic partner. Prior to his role as General Manager of Finance, Mr. Nanavaty was GSFC’s Company Secretary, and before joining GSFC, was Senior Finance Manager and Company Secretary at Johnson Pump (India) Ltd. Mr. Nanavaty is a Chartered Accountant, and received a First Class Commerce degree from The Gujarat University, The Institute of Cost & Works Accountants of India and The Institute of Company Secretaries of India.

Sanjeev Varma


Sanjeev V Varma is Vice President (Finance) at Gujarat State Fertilizers and Chemicals Ltd. (GSFC), a large joint-sector company with more than US$1 billion turnover, and Karnalyte’s strategic partner. Mr Varma did his Bachelor of Engineering from Sardar Patel University, Gujarat, India in 1990 and joined GSFC as a Trainee Engineer. While serving at GSFC, he did his Master of Business Administration (Finance) in 2002 from MS University Baroda securing Gold Medals for his academic achievements and since then he is working in the Finance Department of GSFC. He is presently heading the Budget & Project Financing Sections of the Company. He has rich experience of about 25 years as a techno-commercial executive in a big Petrochemical & Fertilizer Complex which includes Project Implementation right from the stage of conceiving till commissioning, Maintenance, Budgeting, Project Financing and Strategic Decision making.