TORONTO, May 24, 2023
/CNW/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF)
announces that John Karnes, Chief
Financial Officer ("CFO"), is departing the Company and
Kyle Chriest, VP Corporate Finance,
has been appointed Interim CFO. These changes are effective
immediately.
Mr. Chriest joined Quarterhill in November 2022. Prior to Quarterhill, he spent six
years at Calian Group Ltd., a publicly traded company on the
Toronto Stock Exchange, where, as Director of Finance, he was
responsible for managing the Finance Department of Calian's
Advanced Technologies division. During Kyle's time with Calian, the
company experienced significant organic and inorganic growth, with
revenue growing from $250 million to
$500 million. Prior to that, Mr
Chriest held a variety of accounting roles at AutoCanada, KPMG LLP
and Deloitte and Touche LLP. Mr. Chriest has a Bachelor of Commerce
degree from the University of
Saskatchewan and holds both Chartered Professional
Accountant (CPA) and Chartered Accountant (CA) designations.
"I am pleased to have Kyle step into this role. He has public
company experience in both a growth and technology environment, and
in his time at Quarterhill he has made a strong contribution to our
integration efforts and to the build-out of our shared services
model in the ITS segment," said John
Gillberry, Interim CEO.
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry,
as well as, through its Wi-LAN Inc. subsidiary, a leader in
Intellectual Property licensing. Our goal is global leadership in
ITS, via organic growth of the Electronic Transaction Consultants,
LLC (ETC) and International Road Dynamics Inc. (IRD) platforms, and
by continuing an acquisition-oriented investment strategy that
capitalizes on attractive growth opportunities within ITS and its
adjacent markets. Quarterhill is listed on the TSX under the symbol
QTRH and on the OTCQX Best Market under the symbol QTRHF. For more
information, visit
www.quarterhill.com.
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SOURCE Quarterhill Inc.