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.
TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, supply management at point-of-use, as well as complete financial management and analytics solutions. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business need or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.
TECSYS is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
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