Marlene Carl Joins Tucows' Board of Directors

Rhea-AI Summary

Tucows (NASDAQ: TCX) has appointed Marlene Carl, an investment management expert from MEDIQON Group AG, to its board of directors. With a focus on digital infrastructure financing, especially in fiber-to-the-home projects, her expertise aligns with Tucows' expansion strategy. CEO Elliot Noss expressed confidence in her ability to enhance the company's service offerings. Concurrently, Rawleigh H. Ralls stepped down from the board after 11 years of service on September 7, 2021. These changes indicate Tucows' commitment to leveraging experienced leadership to further its internet services portfolio.

Positive

• Marlene Carl brings niche expertise in digital infrastructure financing, particularly in fiber-to-the-home projects.
• Her appointment aligns with Tucows' strategy to expand its internet services portfolio.
• CEO Elliot Noss emphasized the positive impact of Carl's experience on future operations.

Negative

• Rawleigh H. Ralls, a long-term board member, has stepped down, potentially creating a gap in board continuity.

Investment management leader with expertise in digital infrastructure joins board to support Tucows' growing internet services portfolio

TORONTO, Sept. 9, 2021 /PRNewswire/ - Today Tucows (NASDAQ: TCX) (TSX: TC), a global company dedicated to making the internet better, announced that Marlene Carl, director of investment management at MEDIQON Group AG, has been elected to its board of directors.

Marlene is a proven global leader in investment management, with a niche expertise in digital infrastructure financing for fiber-to-the-home (FTTH) projects.

"Marlene has a thorough understanding of the work we do and how we plan to expand our services and footprint in the coming years. Her experience with digital infrastructure financing and her deep understanding of existing FTTH markets will be a great asset to our team," said Elliot Noss, CEO of Tucows. "We're thrilled to have her join our board as we continue to expand our global offerings."

At MEDIQON Group AG, a German publicly traded company focused on entrepreneurial and long-term investments, Marlene is responsible for an expansive portfolio of small and mid-sized companies from a variety of sectors. Prior to joining MEDIQON in 2020, Marlene worked for eight years on financing digital infrastructure in Europe, specifically supporting rural fiber-to-the-home roll-outs and data center development for banks, including Berenberg and NIBC Bank based in Hamburg, London and Frankfurt.

Marlene holds a Master of Science from the Frankfurt School of Finance and Management with a focus in capital markets.

Tucows also announced today that Rawleigh H. Ralls will be stepping down from its board of directors. Rawleigh has served on Tucows' board of directors since May 2009 and, after 11 years of support, will be retiring.  

"We appreciate all of Rawleigh's help and efforts over the years," added Noss. "He was a critical member of our board and we would not be where we are today without him." 

Changes to Tucows' board of directors were effective as of September 7, 2021. 

To learn more about Tucows, its global operations, or investor news, please visit tucows.com.

About Tucows

Tucows is a provider of network access, mobile technology services, domain names, and other internet services. Ting Internet delivers fixed fiber internet access with outstanding customer support. Tucows' mobile services enabler (MSE) platform provides network access, provisioning, and billing services for mobile virtual network operators (MVNOs). OpenSRS, Enom, and Ascio combined manage approximately 25 million domain names and millions of value-added services through a global reseller network of over 36,000 web hosts and ISPs. Hover makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website: https://tucows.com.

Tucows, Ting, OpenSRS, Enom, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.

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SOURCE Tucows Inc.

FAQ

Who has joined Tucows' board of directors in September 2021?

Marlene Carl has been elected to the board of directors of Tucows.

What is Marlene Carl's area of expertise?

Marlene Carl specializes in digital infrastructure financing, particularly for fiber-to-the-home projects.

Why did Rawleigh H. Ralls step down from Tucows' board?

Rawleigh H. Ralls stepped down after serving for 11 years to retire from the board.

How does Marlene Carl's appointment impact Tucows?

Her appointment is expected to enhance Tucows' strategy in expanding its internet services portfolio.

When did the changes in Tucows' board of directors take effect?

The changes were effective as of September 7, 2021.