EDMONTON, AB, March 26,
2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the
"Company") (TSX: ACQ), a multi-location North American automobile
dealership group, announced today that Steve Carlisle and Christopher Harris have been nominated for
election to its Board of Directors at the Company's 2024 Annual
Meeting of Shareholders to be held on May 2,
2024.
Steve Carlisle recently retired
from his position as Executive Vice President and President of
General Motors North America, after more than four decades with
General Motors. Before leading General Motors North America,
Steve had been Senior Vice President and President of Cadillac and
President and Managing Director, General Motors of Canada. Over the course of his career with
General Motors, Steve has held other senior leadership positions,
including Vice President, Global Product Planning, Vice President,
U.S. Sales Operations, and President, Southeast Asia
Operations. Steve obtained his Master of Business
Administration from the MIT Sloan School of
Management and his Bachelor of Applied Science from the
University of Waterloo.
Christopher Harris is currently a
Partner at Imperial Capital, a private equity firm based in
Toronto, Ontario focusing on
healthcare, business and consumer services investments. Chris
has significant experience in investments involving fragmented
sector consolidations such as express car washes and environmental
consulting. Chris joined Imperial Capital in 2007 from KPMG
where he worked in the M&A Transaction Services
department. Chris obtained his Master of Business
Administration from the University of
Oxford and his Bachelor of Commerce from Queen's University.
He is also a Chartered Professional Accountant.
"We are very excited to welcome Steve and Chris to our Board of
Directors. Steve brings extensive and unparalleled OEM experience
and strategic acumen, offering invaluable guidance during a period
of industry transformation, while bringing the perspective of our
most important business partners to the boardroom. Chris' expertise
in multi-site consolidation roll-up investments and financial
prowess provides essential guidance for managing our growth
trajectory," said Paul Antony,
Executive Chair.
Current directors Paul Antony,
Rhonda English, Stephen Green, Barry
James and Elias Olmeta have
been nominated for re-election as directors, while Dennis DesRosiers and Lee Matheson will be retiring from their
positions. "We would like to thank Dennis and Lee for their
years of dedicated service to AutoCanada. Their guidance has
been invaluable while the Company has evolved and grown," said
Paul Antony, Executive Chair.
About AutoCanada
AutoCanada is a leading North American multi-location automobile
dealership group currently operating 84 franchised dealerships,
comprised of 28 brands, in eight provinces in Canada as well as a group in Illinois, USA. AutoCanada currently sells
Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge,
FIAT, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Lincoln, Mazda, Mercedes-Benz, MINI, Nissan,
Porsche, Ram, Subaru, Toyota, Volkswagen, and Volvo branded
vehicles. In addition, AutoCanada's Canadian Operations segment
currently operates three used vehicle dealerships and one used
vehicle auction business supporting the Used Digital Retail
Division, 13 RightRide division locations, and 11 stand-alone
collision centres within our group of 27 collision centres. In
2023, the Company generated revenue in excess of $6 billion and our dealerships sold over 100,000
retail vehicles.
Additional Information
Additional information about AutoCanada is available at the
Company's website at www.autocan.ca and www.sedarplus.ca.
SOURCE AutoCanada Inc.