CEO Resigns!
GuestLogix Announces CEO Departure (ccnm)
TORONTO, ONTARIO--(Marketwired - September 16, 2015) - GuestLogix (TSX:GXI) today announced that Brett Proud has advised the Board that effective immediately he is retiring from his position as Chief Executive Officer and Director. Mr. Proud has agreed to remain available to the Board and management in a consultative role through the end of the year.
A special committee of the Board has begun the search for a new permanent CEO. In the interim, Chairman Louis Belanger-Martin will play a larger role in both the strategic direction of the business, as well as the oversight of critical client and partnership relationships. In addition, the Board has asked John Gillberry, an independent director, to serve as interim CEO and oversee day-to-day operations to ensure continuity and focus in advance of a new CEO joining the company.
On behalf of GuestLogix's Board, Mr. Belanger-Martin said, "We want to thank Brett for his significant contributions to GuestLogix. Brett has led GXI through some significant and transformative years, including the recent acquisition of OpenJaw, and there is no doubt that GuestLogix is a stronger company today with a brighter future than when Brett assumed the role of CEO almost 3 years ago." Mr. Belanger-Martin added, "I would also like to thank John for his willingness to step in during this time to provide leadership and maintain the company's momentum."
"As a founder of GuestLogix, it has been a privilege to see the company grow and to lead such a great organization with a strong future," said Brett Proud. "I want to thank our outstanding employees for their continued hard work, support and dedication. We have built an employee and leadership team that is second to none. I am confident this team is fully capable of continuing our growth and building on our past successes."
Under Brett's leadership, GuestLogix:
- Pioneered the technology enabling airline passengers to use their credit cards onboard their flights;
- became a global travel technology company with a worldwide base of customers operating in 144 different countries;
- extended its technology footprint well beyond airlines to other travel industries and traveler touch points including trains, buses, and airports;
- created the leading global payment processing engine for ancillary revenues in the travel industry; and
- acquired OpenJaw Technologies Limited, creating the travel industry's first end-to-end ancillary revenue and retailing platform.
About GuestLogix: GuestLogix Inc. (TSX:GXI), is a global leader in comprehensive merchandising, payment and business intelligence technology delivered to the passenger travel industry, both onboard and off-board. Bringing over a decade of expertise as the industry's most trusted onboard transaction processing partner to airlines, rail operators and elsewhere in the passenger travel industry, GuestLogix powers the industry's growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, in-flight entertainment and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. On December 23, 2014, GuestLogix announced the acquisition of OpenJaw Technologies, a Dublin-based technology company focused on travel retailing innovation in the e-commerce segment. GuestLogix' global headquarters is located in Toronto, with regional offices located in Dallas, London, Dublin, Galway, Madrid and Hong Kong, and product innovation labs located in Moncton and Krakw. More information is available at www.guestlogix.com and www.openjawtech.com.
© 2015 GuestLogix. All Rights Reserved.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact Information:
GuestLogix
John K. Gillberry
Interim Chief Executive Officer