AutoCanada Strengthens Board with Appointment of New Board Member

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

AutoCanada Strengthens Board with Appointment of New Board Member

Canada NewsWire

EDMONTON, AB, Sept. 28, 2020 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced it has recruited and appointed Mr. Lee Matheson to its Board of Directors effective immediately.

Lee Matheson was a co-founder of Broadview Capital Management which was subsequently sold to Ewing Morris Investment Partners Ltd. Lee brings a vast amount of capital markets experience having served on several boards including RDM Corporation, AlarmForce Industries Inc., WesternOne Inc., Medworxx Solutions Inc. and Strad Inc.  Lee is currently a director of Echelon Financial Holdings Inc., exactEarth Ltd and Optiva Inc. and he recently joined EdgePoint Investment Management Group as a partner. 

"We are very pleased to welcome Lee to our Board of Directors. Both his Canadian capital markets and director experience will make him an excellent addition to our Board," said Paul Antony, Executive Chair of AutoCanada. "This is an exciting time in our Company's growth and development as we move from defense to offence.  Strengthening the foundation of AutoCanada with a strong balance sheet and consistent top decile performance allows us to pivot and pursue an acquisition and innovation strategy.  With Dennis DesRosiers' upcoming retirement and departure from the Board, it is important for AutoCanada to have individuals around the table who will support the next leg of our growth journey."

About AutoCanada

AutoCanada is a leading North American multi-location automobile dealership group currently operating 63 franchised dealerships, comprised of 26 brands, in eight provinces in Canada as well as a group in Illinois, USA. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Alfa Romeo, Chevrolet, GMC, Buick, Cadillac, Ford, Infiniti, Nissan, Hyundai, Subaru, Audi, Volkswagen, Kia, Mazda, Mercedes-Benz, BMW, MINI, Volvo, Toyota, Lincoln, and Honda branded vehicles. In 2019, our dealerships sold approximately 71,000 vehicles and processed approximately 900,000 service and collision repair orders in our 1,047 service bays generating revenue in excess of $3 billion.

Additional information about AutoCanada Inc. is available at and the Company's website at

SOURCE AutoCanada Inc.

Cision View original content to download multimedia:

Copyright CNW Group 2020

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).