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Tecsys Announces Resignation of CFO, Appointment of Interim CFO
MONTREAL, March 21, 2018 — Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced that Brian Cosgrove, the Company’s Chief Financial Officer, will resign to pursue other career opportunities. Mr. Cosgrove has informed Tecsys that he has accepted a position as Chief Financial Officer of a private-equity backed company.
Mr. Cosgrove will continue in his role until April 20th, 2018 to ensure an orderly transition of his responsibilities. Tecsys has initiated a search for Mr. Cosgrove’s successor. If Mr. Cosgrove’s successor is not in place by his departure date, the Company will appoint Mr. Berty Ho-Wo-Cheong, Vice President, Mergers and Acquisitions and former CFO, to serve as Tecsys’s interim CFO until Mr. Cosgrove’s successor is in place.
Peter Brereton, Tecsys’ President and CEO, commented: “While disappointed to lose Brian after such a brief stay, we wish him well in his pursuit of this new opportunity and thank him for his service. I would also like to thank Berty for agreeing to step back into this role on an interim basis. Berty is very familiar with the role, having served in this capacity from 1998 to 2017 and we do not anticipate any negative impact on operations.”
“I have enjoyed working at Tecsys, and I wish the company well. I believe Tecsys is well-positioned for the future. I remain fully committed to helping Peter and the Tecsys team ensure a seamless transition over the next several weeks,” said Mr. Cosgrove.
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The statements in this web site relating to matters that are not historical fact are forward looking statements that are based on management’s beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that Tecsys Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of Tecsys Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with Tecsys Inc.’s business can be found in the MD&A section of the Company’s annual report and annual information form for the fiscal year ended April 30th, 2017. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .
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