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WINNIPEG, MB, Dec. 23,
2022 /CNW/ - Boyd Group Services Inc. (TSX: BYD)
("BGSI", "Boyd", or "the Boyd Group") is pleased to announce
the appointment of Jeff Murray as interim CFO, effective
January 1, 2023.
On August 10, 2022, Boyd announced
the planned retirement of Pat
Pathipati from the role of Executive Vice President &
CFO, effective December 31, 2022.
The previously announced search to succeed Pat Pathipati in the role of Executive Vice
President and Chief Financial Officer continues and will be
announced upon its conclusion.
Mr. Murray joined the finance team at Boyd in 2004 as the
Manager of External Financial Reporting. Prior to joining the
Boyd Group, Mr. Murray worked at the accounting firm Ernst &
Young LLP for approximately 10 years. Since January 1, 2013, he has held the role of VP
Finance at Boyd. Mr. Murray has a Bachelor of Commerce
(Honors) degree from the University of
Manitoba and is a Chartered Professional Accountant.
"Jeff is uniquely positioned to seamlessly take on the position
of interim CFO, while we continue the search for our next permanent
CFO" said Timothy O'Day, President
and Chief Executive Officer of the Boyd Group. "We are
fortunate to have deep bench strength in our leadership team at
Boyd. Jeff's significant knowledge of the business along with
his strong background in accounting and finance will support the
continued execution of our priorities as we continue the search for
our next CFO."
About Boyd Group Services
Inc.
Boyd Group Services Inc. ("BGSI") is a Canadian corporation and
controls The Boyd Group Inc. and its subsidiaries. BGSI shares
trade on the Toronto Stock Exchange (TSX) under the symbol BYD.TO.
For more information on The Boyd Group Inc. or BGSI, please visit
our website at http://www.boydgroup.com.
About The Boyd Group
Inc.
The Boyd Group Inc. (the "Company") is one of the largest
operators of non-franchised collision repair centres in
North America in terms of number
of locations and sales. The Company operates locations in
Canada under the trade names Boyd
Autobody & Glass (https://www.boydautobody.com) and Assured
Automotive (https://www.assuredauto.ca) as well as in the U.S.
under the trade name Gerber Collision & Glass
(https://www.gerbercollision.com). In addition, the Company is a
major retail auto glass operator in the U.S. with operations under
the trade names Gerber Collision & Glass, Glass America, Auto
Glass Service, Auto Glass Authority and Autoglassonly.com. The
Company also operates a third party administrator, Gerber National
Claims Services ("GNCS"), that offers glass, emergency roadside and
first notice of loss services. For more information on The Boyd
Group Inc. or Boyd Group Services Inc., please visit our website at
(https://www.boydgroup.com).
Caution concerning
forward-looking statements
Statements made in this press release, other than those
concerning historical financial information, may be forward-looking
and therefore subject to various risks and uncertainties. Some
forward-looking statements may be identified by words like "may",
"will", "anticipate", "estimate", "expect", "intend", or "continue"
or the negative thereof or similar variations. Readers are
cautioned not to place undue reliance on such statements, as actual
results may differ materially from those expressed or implied in
such statements. Factors that could cause results to vary include,
but are not limited to: employee relations and staffing; margin
pressure and sales mix changes; supply chain risk; pandemic risk
& economic downturn; acquisition risk; operational performance;
brand management and reputation; market environment change;
reliance on technology; changes in client relationships; decline in
number of insurance claims; environmental, health and safety risk;
climate change and weather conditions; competition; access to
capital; dependence on key personnel; tax position risk; corporate
governance; increased government regulation and tax risk;
fluctuations in operating results and seasonality; risk of
litigation; execution on new strategies; insurance risk; interest
rates; U.S. health care costs and workers compensation claims;
foreign currency risk; low capture rates; capital expenditures; and
energy costs and BGSI's success in anticipating and managing the
foregoing risks.
We caution that the foregoing list of factors is not
exhaustive and that when reviewing our forward-looking statements,
investors and others should refer to the "Risk Factors" section of
BGSI's Annual Information Form, the "Risks and Uncertainties" and
other sections of our Management's Discussion and Analysis of
Operating Results and Financial Position and our other periodic
filings with Canadian securities regulatory authorities. All
forward-looking statements presented herein should be considered in
conjunction with such filings.
SOURCE Boyd Group Services Inc.