EDMONTON, AB, Sept. 22,
2023 /CNW/ - AutoCanada Inc. ("AutoCanada" or the
"Company") (TSX: ACQ), a multi-location North American automobile
dealership group, announced key promotions and additions to its
leadership team.
Jeff Thorpe, who joined the
Company as President, Canadian Operations in April 2022, will have responsibility for all
operations in North America as
President, North American Operations. Brian Feldman, who joined as Senior Vice
President, Canadian Operations and Disruptive Technologies in
April 2022, has been appointed as
Chief Operating Officer of the Company.
"Jeff and Brian have proven themselves over the last year and
have been instrumental in driving our strong performance through
their focus on operational initiatives in Canada. We are very
pleased to provide Jeff with the increased responsibility of
oversight over our U.S. operations, in addition to Canadian
operations, and to appoint Brian as the Chief Operating Officer of
the Company," said Paul Antony,
Executive Chairman of the Company.
In addition, Drew Forret will be
appointed as Chief Administrative and Transformation Officer and
Michael Fera will join as Vice
President, Financial Planning and Analysis, each effective in the
fourth quarter of 2023. These new roles will support the
Company's renewed focus on fiscal discipline.
"We are very excited to welcome Drew and Michael to the
AutoCanada team. Drew and Michael's significant and proven
experience in driving high-performance business cultures with
scalable best practices and fiscal discipline will be invaluable
for AutoCanada as we continue on the next leg of our journey," said
Mr. Antony.
Drew has over 20 years of experience focusing on the leadership
and scaling of growth-based organizations. He most recently
held the position of Chief Operating Officer and Chief Financial
Officer of Voices, a platform that connects businesses with
professional voice talent. Prior to Voices, Drew was the
Chief Operating Officer and Chief Financial Officer of CarProof, a
provider of vehicle history reports, and President of Activplant,
an originator of manufacturing intelligence software. Michael
has over a decade of experience in financial planning and
analysis. He joins us from Tim
Hortons, Canada's leading
quick-service restaurant chain, where he served as Head of Finance
for the Canadian business. In addition, Michael held several
operational roles spanning development, franchising,
non-traditional business and real estate during his tenure with
Tim Hortons.
About AutoCanada
AutoCanada is a leading North American multi-location automobile
dealership group currently operating 83 franchised dealerships,
comprised of 28 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, Acura, Honda and Porsche branded
vehicles. In addition, AutoCanada's Canadian Operations segment
currently operates 3 used vehicle dealerships and 1 used vehicle
auction business supporting the Used Digital Retail Division, 12
RightRide division locations, and 11 stand-alone collision centres
within our group of 27 collision centres. In 2022, our dealerships
sold approximately 100,000 vehicles and processed over 900,000
service and collision repair orders in our 1,367 service bays
generating revenue in excess of $6
billion.
Additional information about AutoCanada is available at
www.sedarplus.ca and the Company's website
at www.autocan.ca.
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", "shall" and
similar expressions) are not historical facts and are
forward-looking and may 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, these factors could cause actual results or
outcomes to 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.sedarplus.ca) 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.