VANCOUVER, BC, Aug. 11, 2021 /CNW/ - Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC:CDTAF) ("Carl Data Solutions" or the "Company"), a leader in AI-enabled data monitoring, reporting, and modeling applications for municipal and industrial infrastructure customers, today announced that CEO Jean Charles Phaneuf has been appointed to the Board of Directors, replacing Greg Johnston. Johnston remains with the Company as its President and will take on roles in product evangelism, product management advisory and strategic business development.
"The Board wishes to thank Greg for serving as CEO since 2015 and a Director since 2014," said Phaneuf. "He led Carl Data Solutions to a significant inflection point in its corporate development, and also successfully led the delivery of our Fresh Water Data Commons project with Canada's Digital Technology Supercluster earlier this year. That project brought significant intellectual property into the Company. As President, Greg will continue to contribute to Carl Data Solutions playing to his strengths as a product expert in our key markets."
Phaneuf also announced plans for a simplified corporate structure. "We currently have separate operating companies and subsidiaries with siloed management and financial reporting," he said. "We are simplifying and working towards a single operating entity with an associated reporting structure led by our management team. Our objective is faster time to market on new products as well as more rapid progress on business development, sales and revenue results."
Phaneuf was invited into the Company as CEO by Johnston and the Board in January of 2021 after serving as a consultant to Carl Data Solutions for two months evaluating its growth potential. He brings over 25 years of experience with a demonstrated leadership success history in the technology and investment banking industries. He recently graduated from the MIT Sloan School of Management's executive program – Artificial Intelligence: Implications for Business Strategy and also from Ecole Polytechnique of Montreal in Industrial Engineering with a specialization in Innovation Management.