EDMONTON, July 4, 2019 /CNW/ - AutoCanada Inc.
("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North
American automobile dealership group, announced today that it has
appointed Mike Borys as its Chief
Financial Officer, effective August 12,
2019.
Mike is a chartered accountant with over 20 years of experience
as CFO for both public and private enterprises. Mike joins
AutoCanada from PTW Energy Services, an electrical and
instrumentation provider, where he served as CFO since 2017.
Prior to that, Mike was CFO at Newalta, an engineered environmental
solutions provider, from 2008 to 2016, The Brick Group Income Fund,
a furniture retailer, from 2005 to 2008, and Famous Players, a
movie theatre operator, from 2002 to 2005. He also worked in
the restaurant industry for a 10-year period and progressed to CFO
of Tricon Canada, a division of Pepsico, the franchisor and
operator of KFC, Pizza Hut and Taco Bell franchises.
"We are very excited to welcome Mike as our CFO," said
Paul Antony, Executive Chair of the
Company. "We are pleased to add such a highly seasoned
executive to our team. Mike's proven track record and
extensive finance and management experience will be instrumental in
assisting us to continue to execute on our go forward plan in
Canada and the U.S."
About AutoCanada
AutoCanada, a leading North American multi-location automobile
dealership group currently operating 65 franchised dealerships,
comprised of 27 brands, in eight provinces in Canada as well as a group in Illinois, USA and has over 4,200 employees.
AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa
Romeo, Chevrolet, GMC, Buick,
Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi,
Volkswagen, Kia, Mazda, Mercedes-Benz, Smart, BMW, MINI, Volvo,
Toyota, Lincoln and Honda branded
vehicles. In 2018, our dealerships sold approximately 66,000
vehicles and processed approximately 915,000 service and collision
repair orders in our 1,157 service bays generating revenue in
excess of C$3 billion.
Additional information about AutoCanada Inc. is available
at www.sedar.com and the Company's website
at www.autocan.ca.
Forward Looking Statements
Certain statements contained in this press release are
forward‑looking statements and information (collectively
"forward‑looking statements"), within the meaning of the applicable
Canadian securities legislation. We hereby provide cautionary
statements identifying important factors that could cause our
actual results to differ materially from those projected in these
forward‑looking statements. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as "will likely result",
"are expected to", "will continue", "is anticipated",
"projection", "vision", "goals", "objective", "target",
"schedules", "outlook", "anticipate", "expect", "estimate",
"could", "should", "plan", "seek", "may", "intend", "likely",
"will", "believe" and similar expressions) are not historical facts
and are forward‑looking. Forward looking statements in this
press release include, but are not limited to, statements regarding
the effective start date of the new Chief Financial Officer.
Forward-looking statements involve estimates and assumptions and
are subject to risks, uncertainties and other factors some of which
are beyond our control and difficult to predict. Accordingly,
actual results or outcomes may differ materially from those
expressed in the forward‑looking statements. Therefore, any
such forward‑looking statements are qualified in their entirety by
reference to the factors discussed throughout this press
release. The Company's Annual Information Form and other
documents filed with securities regulatory authorities (accessible
through the SEDAR website at www.sedar.com) describe the risks,
material assumptions and other factors that could influence actual
results and which are incorporated herein by reference.
Further, any forward‑looking statement speaks only as of the
date on which such statement is made, and, except as required by
applicable law, we undertake no obligation to update any
forward‑looking statement to reflect events or circumstances after
the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to
time, and it is not possible for management to predict all of such
factors and to assess in advance the impact of each such factor on
our business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward‑looking statement.
SOURCE AutoCanada Inc.