NowVertical Welcomes David Doritty as Independent Director
May 14 2024 - 6:30AM
NowVertical Group Inc. (“NowVertical” or the “Company”) (TSX-V:
NOW) (OTCQB: NOWVF), is pleased to announce the appointment of
David Doritty, who currently serves as the Vice-Chair at Echelon
Wealth Partners, as an independent director on NowVertical’s board
of directors.
"We warmly welcome David Doritty as he joins our
board," stated Elaine Kunda, Chair of NowVertical’s Board. "His
expertise in capital markets, corporate and financial governance,
fortifies our leadership. Leveraging his wealth of experience, we
are poised to optimize growth and profitability across
NowVertical's global business. Today’s developments mark another
stride in our evolution toward a more sophisticated and integrated
operational framework."
Mr. Doritty brings decades of senior executive
experience. In his current Vice-Chair role at Echelon Wealth
Partners, held since December 2018, he has demonstrated a
commitment to fostering robust client relationships and advancing
innovative capital markets solutions. His role in facilitating
connections between internal stakeholders and external partners has
significantly enhanced Echelon's visibility and reputation in the
marketplace.
Previously, he served as Executive Vice
President, Head of Sales & Trading at Echelon Wealth Partners.
Before his time at Echelon, Mr. Doritty served as Deputy Chairman
at Mackie Research Capital and spent three and a half years at
Aurion Capital Management, a distinguished Canadian pension fund
manager. Prior to Aurion, Mr. Doritty served as Vice Chairman at
Dundee Capital Markets. His contributions have driven growth and
strategic direction in these roles, reflecting his commitment to
excellence and leadership in the financial sector. He is also a
distinguished graduate of the Directors Education Program at the
Institute of Corporate Directors, Rotman School of Management,
University of Toronto.
To facilitate this appointment, NowVertical’s
Chief Development Officer Andre Garber has stepped down from the
board to focus on his responsibilities in management. NowVertical’s
CEO, Sandeep Mendiratta, will remain on the board as a
representative of management.
These further changes to the Company’s board are
a result of the process to appoint an additional director,
commenced as part of the Company’s settlement with Daren
Trousdell.
"As we welcome David Doritty as an independent
director, alongside David Charron and Chris Ford, who joined our
board earlier this year, we are purposefully enhancing the profile
and expertise to the leadership and governance of NowVertical,"
expressed Elaine Kunda, Chair of NowVertical’s Board. "We also
extend our appreciation to Andre Garber for his service on the
board."
About NowVertical Group
Inc.:
NowVertical Group is a data analytics and AI
solutions company offering comprehensive solutions, software and
services. As a global provider, we deliver cutting-edge data,
technology, and artificial intelligence (AI) applications to
private and public enterprises. Our solutions form the bedrock of
modern enterprises, converting data investments into business
solutions. NOW is growing organically and through strategic
acquisitions. For further details about NOW, please visit
www.nowvertical.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release may contain forward-looking
statements (within the meaning of applicable securities laws) which
reflect the Company’s current expectations regarding future events.
Forward-looking statements are identified by words such as
“believe”, “anticipate”, “project”, “expect”, “intend”, “plan”,
“will”, “may”, “estimate” and other similar expressions. These
statements are based on the Company’s expectations, estimates,
forecasts and projections and include, without limitation,
statements regarding the future success of the Company’s
business.
The forward-looking statements in this news
release are based on certain assumptions. The forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to control or predict.
Several factors could cause actual results to differ materially
from the results discussed in the forward-looking statements.
Readers, therefore, should not place undue reliance on any such
forward-looking statements. Further, these forward-looking
statements are made as of the date of this news release and, except
as expressly required by applicable law, the Company assumes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
For further information, please
contact:
Andre Garber, Chief Development Officer IR@nowvertical.com
Glen Nelson, Investor Relations and Communications:
glen.nelson@nowvertical.comt: (403) 763-9797
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