EDMONTON, AB, Sept. 28, 2020 /CNW/ - AutoCanada Inc.
("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North
American automobile dealership group, announced it has recruited
and appointed Mr. Lee Matheson to
its Board of Directors effective immediately.
Lee Matheson was a
co-founder of Broadview Capital Management which was subsequently
sold to Ewing Morris Investment Partners Ltd. Lee brings a vast
amount of capital markets experience having served on several
boards including RDM Corporation, AlarmForce Industries Inc.,
WesternOne Inc., Medworxx Solutions Inc. and Strad Inc. Lee
is currently a director of Echelon Financial Holdings Inc.,
exactEarth Ltd and Optiva Inc. and he recently joined EdgePoint
Investment Management Group as a partner.
"We are very pleased to welcome Lee to our Board of Directors.
Both his Canadian capital markets and director experience will make
him an excellent addition to our Board," said Paul Antony, Executive Chair of AutoCanada.
"This is an exciting time in our Company's growth and development
as we move from defense to offence. Strengthening the
foundation of AutoCanada with a strong balance sheet and consistent
top decile performance allows us to pivot and pursue an acquisition
and innovation strategy. With Dennis DesRosiers' upcoming
retirement and departure from the Board, it is important for
AutoCanada to have individuals around the table who will support
the next leg of our growth journey."
About AutoCanada
AutoCanada is a leading North American multi-location automobile
dealership group currently operating 63 franchised dealerships,
comprised of 26 brands, in eight provinces in Canada as well as a group in Illinois, USA. 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, BMW, MINI, Volvo, Toyota, Lincoln, and Honda branded vehicles. In 2019,
our dealerships sold approximately 71,000 vehicles and processed
approximately 900,000 service and collision repair orders in our
1,047 service bays generating revenue in excess of $3 billion.
Additional information about AutoCanada Inc. is available at
www.sedar.com and the Company's website at www.autocan.ca.
SOURCE AutoCanada Inc.