Uni-Select, the Canadian parent company of the British Parts Alliance, said Brent Windom has decided to resign as President, Chief Executive Officer, President and COO of the Canadian Automotive Group on June 30, 2021. Announced. A member of the board of directors. Brian McManus has been appointed as his successor and will assume the dual role of Executive Chair and CEO of Uni-Select Inc.
“Given Brent’s decision, the board decided that it was natural for Brian to take on Uni-Select’s day-to-day operations as CEO. It is very important that he decided to accept this additional role. “We have agreed to stay as a consultant for two years to ensure a smooth transition,” said Michelle Cormier, lead director of Uni-Select Inc.
This news arrives a few days after the group secures the refinancing package. The total value of this package is $ 565 million, but there is no suggestion that there is a connection between the two.
Under a new line of credit that replaces the current arrangement, companies now have access to approximately $ 220 million in liquidity to navigate pandemics as needed.
The entire package consists of a US $ 350 million revolving credit facility and a US $ 215 million term facility. The new credit facility can be used for general corporate purposes, providing additional liquidity and flexibility as needed.
CEO Finishes UNI-SELECT – CAT Magazine
Source link CEO Finishes UNI-SELECT – CAT Magazine