Sylogist Ltd. Announces Board of Directors Changes
Sylogist (TSX: SYZ), a public sector SaaS company, has announced changes to its Board of Directors. J. Kim Fennell, a seasoned Silicon Valley executive with over 35 years of experience, has been appointed as a new director. Fennell brings significant expertise as a three-time CEO, including roles at Uber Technologies and deCarta, and currently serves as a venture partner at True North Fund.
Additionally, Taylor Gray will resign from the board effective February 28th, 2025. Gray served for 7 years, primarily as audit committee chair, during a period of company transformation. The changes come as Sylogist continues to execute its value creation plan and growth strategy.
Sylogist (TSX: SYZ), un'azienda SaaS del settore pubblico, ha annunciato cambiamenti nel suo Consiglio di Amministrazione. J. Kim Fennell, un esperto dirigente della Silicon Valley con oltre 35 anni di esperienza, è stato nominato nuovo direttore. Fennell porta con sé una significativa esperienza come CEO per tre volte, avendo ricoperto ruoli in Uber Technologies e deCarta, e attualmente è partner di venture presso True North Fund.
Inoltre, Taylor Gray si dimetterà dal consiglio a partire dal 28 febbraio 2025. Gray ha servito per 7 anni, principalmente come presidente del comitato di audit, durante un periodo di trasformazione dell'azienda. I cambiamenti avvengono mentre Sylogist continua a mettere in atto il suo piano di creazione di valore e la strategia di crescita.
Sylogist (TSX: SYZ), una empresa de SaaS del sector público, ha anunciado cambios en su Junta Directiva. J. Kim Fennell, un ejecutivo experimentado de Silicon Valley con más de 35 años de experiencia, ha sido nombrado nuevo director. Fennell aporta una experiencia significativa como CEO en tres ocasiones, incluyendo roles en Uber Technologies y deCarta, y actualmente es socio de capital de riesgo en True North Fund.
Además, Taylor Gray renunciará a la junta a partir del 28 de febrero de 2025. Gray ha servido durante 7 años, principalmente como presidente del comité de auditoría, durante un período de transformación de la empresa. Los cambios se producen mientras Sylogist continúa ejecutando su plan de creación de valor y estrategia de crecimiento.
Sylogist (TSX: SYZ), 공공 부문 SaaS 회사, 이사회의 변화를 발표했습니다. J. Kim Fennell, 35년 이상의 경험을 가진 실리콘 밸리의 베테랑 경영자가 새로운 이사로 임명되었습니다. Fennell은 Uber Technologies와 deCarta에서 CEO로 재직한 경험이 있으며, 현재 True North Fund의 벤처 파트너로 활동하고 있습니다.
또한, Taylor Gray는 2025년 2월 28일부로 이사직에서 사임할 예정입니다. Gray는 7년 동안 주로 감사 위원회 의장으로 재직하며 회사의 변혁 기간 동안 기여했습니다. 이 변화는 Sylogist가 가치 창출 계획과 성장 전략을 계속 실행하는 가운데 이루어졌습니다.
Sylogist (TSX: SYZ), une entreprise SaaS du secteur public, a annoncé des changements au sein de son Conseil d'Administration. J. Kim Fennell, un cadre expérimenté de la Silicon Valley avec plus de 35 ans d'expérience, a été nommé nouveau directeur. Fennell apporte une expertise significative en tant que PDG à trois reprises, y compris des rôles chez Uber Technologies et deCarta, et est actuellement partenaire en capital-risque chez True North Fund.
De plus, Taylor Gray démissionnera de son poste au conseil à compter du 28 février 2025. Gray a servi pendant 7 ans, principalement en tant que président du comité d'audit, pendant une période de transformation de l'entreprise. Ces changements interviennent alors que Sylogist continue d'exécuter son plan de création de valeur et sa stratégie de croissance.
Sylogist (TSX: SYZ), ein SaaS-Unternehmen im öffentlichen Sektor, hat Veränderungen im Vorstand bekannt gegeben. J. Kim Fennell, ein erfahrener Führungskraft aus dem Silicon Valley mit über 35 Jahren Erfahrung, wurde als neuer Direktor ernannt. Fennell bringt bedeutende Expertise als dreifacher CEO mit, darunter Rollen bei Uber Technologies und deCarta, und ist derzeit Venture-Partner bei True North Fund.
Zusätzlich wird Taylor Gray mit Wirkung zum 28. Februar 2025 aus dem Vorstand zurücktreten. Gray hat 7 Jahre gedient, hauptsächlich als Vorsitzender des Prüfungsausschusses, während einer Phase der Unternehmensumwandlung. Die Veränderungen erfolgen, während Sylogist weiterhin seinen Plan zur Wertschöpfung und Wachstumsstrategie umsetzt.
- Addition of experienced board member with extensive tech industry background
- New director brings valuable experience from high-growth companies and venture capital
- Maintains continuity with planned transition period for departing board member
- Loss of long-serving audit committee chair with 7 years of company experience
Calgary, Alberta--(Newsfile Corp. - February 12, 2025) - Sylogist Ltd. (TSX: SYZ) ("Sylogist" or the "Company"), a leading public sector SaaS company, is pleased to announce that Mr. J. Kim Fennell has been added as a director of the Company as of today's date.
Kim Fennell on his appointment:
"I am honored to be joining Sylogist as a board director," said J. Kim Fennell. "I'm impressed by their thoughtful, comprehensive product line, market focused execution, and their customer retention levels. As they execute their value creation plan, I look forward to contributing and leveraging my experience in high growth companies."
Kim Fennell has over 35 years of experience working as an executive at several well-known Silicon Valley companies. He is a 3-time CEO, and currently works as a board director, angel investor, advisor, and as a venture partner at True North Fund - a growth stage venture capital fund in Canada.
Kim worked at Uber Technologies in San Francisco for 5 years and was most recently Head of Business Development for the US & Canada. Prior to that, he was the CEO of deCarta for 10 years, a leading mapping software platform before its acquisition by Uber.
Originally from Oakville, Ontario, he is a 15-year charter member and board director of C100, a non-profit organization that supports Canadian entrepreneurs. His other board memberships include: Bird Construction (TSX: BDT); RB Global (NYSE: RBA) from 2017-2022; Chair of the Silicon Valley Leadership Group Foundation in San Jose; and the Queen's University Arts & Science Dean's Advisory Board. Kim resides in Los Gatos and Tahoe City, California and is a graduate of Queen's University and Stanford University School of Business Executive Program.
"We are thrilled to welcome Kim to Sylogist's board of directors," said Barry Foster, Chair of the Board. "His insights gained from multiple CEO positions, business development roles and experience as a board director will complement the Sylogist board and benefit the Company as it executes its plan to drive growth and enhance value for our shareholders."
For more information relating to Kim, please visit: https://www.linkedin.com/in/kimfennell/.
Sylogist also announces that Mr. Taylor Gray will resign as a director of the Company effective February 28th, 2025.
"It has been an honor to serve on the board during a period of transformation and growth," added Taylor. "As I step down from my role, I do so with full confidence in the board, leadership team, and their strategic vision. My belief in the Company's future remains steadfast, and I look forward to following its progress as a committed shareholder."
"Taylor has been an important member of Sylogist's board of directors throughout the Company's transition from its prior leadership to now," said Barry Foster. "He served as audit committee chair for most of his tenure and has been an important steward of the Company and investor interests. I sincerely appreciate his contributions to the Company over the last 7 years."
About Sylogist
Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers globally across the government, nonprofit, and education verticals. The Company's stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management's Discussion and Analysis, can be found at www.sylogist.com or at www.sedarplus.ca.
Forward-looking Statements
Certain statements in this news release may be forward-looking statements within the meaning of applicable securities laws and regulations. These statements typically use words such as expect, foresee, believe, estimate, project, anticipate, plan, may, should, could and would, or the negative of these terms, variations thereof or similar terminology. Forward-looking information in this news release includes statements made with respect to Sylogist's future progress and plan to drive growth and enhance shareholder value. By their very nature, forward-looking statements are based on assumptions and involve inherent risks and uncertainties, both general and specific in nature. It is therefore possible that the beliefs and plans and other forward-looking expectations expressed herein will not be achieved or will prove inaccurate. Although Sylogist believes that the expectations reflected in these forward-looking statements are reasonable, it provides no assurance that these expectations will prove to have been correct. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including its inability to attract key employees or enlist customer support, its inability to develop innovative technology, its inability to find opportunities to deploy free cash flow, impacts of public health crises and economic turmoil. Additional information regarding some of these risks, uncertainties and other factors may be found in the Company's Annual Information Form for the year ended December 31, 2023, and in the Management's Discussion and Analysis for the quarter ended September 30, 2024 and the year ended December 31, 2023, and other documents available on the Company's SEDAR+ profile at www.sedarplus.ca. Material assumptions and factors that could cause actual results to differ materially from such forward-looking information include Sylogist's ability to attract and retain employees and customers and to realize on its investments, the ability to expand technology partner and customer relationships and the acceleration of organic and inorganic growth. Although Sylogist believes that the material assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur. Sylogist disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
For further information contact:
Sujeet Kini, Chief Financial Officer
Sylogist Ltd.
(416) 491-8004
ir@sylogist.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240510
FAQ
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