Quorum Announces Board and Senior Leadership Changes
January 20 2021 - 8:12AM
Quorum Information Technologies Inc. (TSX Venture: QIS) ("Quorum"
or the "Corporation") announces changes to the Board of Directors
and its senior leadership team as part of its One Quorum strategy.
The Board of Directors of Quorum has appointed
Neil McDonnell as its new Chair, succeeding Scot Eisenfelder, who
resigned due to other business commitments. Mr. Eisenfelder will
continue as a director of the company and the Corporation is
delighted that he is remaining with the Board.
In 2020, Quorum introduced its One Quorum
strategy, which included moving to a functional business model from
the divisional business structure created through the acquisitions
of Autovance, DealerMine and Oasis. One of Quorum’s key value
propositions to its dealership customers is the deep integration
and single enterprise reporting functionality across its product
suite and the following senior leadership appointments will
capitalize on this integrated strategy:
- Mark Bennett - Vice President,
Sales and Marketing. Under Mr. Bennett’s leadership, Quorum’s Sales
and Marketing team will capitalize on cross selling opportunities
across its existing customer base and driving acquisition of new
dealers.
- Dan Ichelson - Senior Vice
President, Development. Mr. Ichelson will drive an integrated
development team to develop a seamlessly integrated product suite
that delivers high Return on Investment (ROI) to
dealers.
- Rick Johnston - Vice President,
Product Management: Mr. Johnston to lead our product vision for the
dealership’s vehicle sales department and to manage manufacturer
and partner relationships.
- Jane Webb - Vice President, Product
Management: Ms. Webb to lead our product vision for the
dealership’s service department and to manage manufacturer and
partner relationships.
“We have structured our leadership team to
accelerate Quorum’s vision of an integrated digital retailing
strategy enabling dealership customers to both buy a car online and
complete a touchless, transparent service experience. Along with
Marilyn Bown, our Chief Financial Officer, and Mike Herenberg, our
Chief Operating Officer, these changes round out Quorum’s senior
management team,” stated Maury Marks, President & CEO. “I look
forward to continuing to work with the Senior Leadership Team to
advance Quorum’s presence and growth in the automotive marketplace
under an integrated One Quorum strategy.”
Mark Allen, Senior Vice President Business
Development, is no longer with Quorum. “I would like to sincerely
thank Mark for his contributions to Quorum over his 15 years with
the company and wish him well as he moves to the next stage of his
career,” added Mr. Marks.
About Quorum Information Technologies Inc.
Quorum is a North American company focused on
developing, marketing, implementing and supporting its portfolio of
software and services for automotive dealerships that includes:
- XSellerator, a Dealership
Management System (DMS) that automates, integrates and streamlines
key processes across departments in a dealership, and emphasizes
revenue generation and customer satisfaction.
- DealerMine CRM, a sales and service
Customer Relationship Management (CRM) system and set of Business
Development Centre services that drives revenue into the critical
sales and service departments in a dealership.
- Autovance, a modern retailing
platform that helps dealerships attract more business through
Digital Retailing (DR), improve in-store profits and closing rates
through its desking tool and maximize their efficiency and CSI
through Autovance’s F&I menu solutions fee.
- Advantage, a full showroom system
for both franchised and independent dealerships and a comprehensive
management system that includes accounting for the independent
market.
Quorum Information Technologies Inc. is traded on the Toronto
Venture Exchange (TSX-V) under the symbol QIS.
For additional information please go to
www.QuorumInformationSystems.com.
Forward-Looking InformationThis
press release may contain certain forward-looking statements and
forward-looking information ("forward-looking information") within
the meaning of applicable Canadian securities laws. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "expect", "may",
"will", "project", "should" or similar words suggesting future
outcomes. Quorum believes the expectations reflected in such
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon.
Forward-looking information is not a guarantee
of future performance and involves a number of risks and
uncertainties some of which are described herein. Such
forward-looking information necessarily involves known and unknown
risks and uncertainties, which may cause Quorum's actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking information.
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed this release and
neither accepts responsibility for the adequacy or accuracy of this
release.
Contact: Maury Marks
403-777-0036Investors@QuorumInfoTech.com
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