STEER Announces Senior Management Change
September 11 2023 - 5:00PM
Business Wire
STEER Technologies Inc. (“STEER” or the
“Company”) (TSXV: STER), (OTCQX: STEEF), an integrated ESG
technology platform, today announced a change to its senior
management team with Suman Pushparajah having been terminated as
the Company’s Chief Executive Officer (CEO), effective immediately.
Following his termination, Mr. Pushparajah will continue to serve
as a director of the Company.
In order to ensure continuity going forward, the Company has
appointed Mr. Junaid Razvi, the Company’s founder and Chairman of
the Board who has remained active in the business since inception,
as interim CEO. The Company is commencing a search process to
identify a suitable successor to fill the role of CEO on a
permanent basis.
“STEER’s Board of Directors today announced the termination of
Suman Pushparajah as the Company’s CEO. We felt this was necessary
at this time to ensure that the best interests of the Company
continue to be pursued and carried out,” said Mr. Razvi.
About the Company
STEER is an integrated ESG technology platform that moves people
and delivers things through subscription and on-demand services.
The Company’s goal is to build a one-of-a-kind ecosystem that
aggregates conscientious users, through a series of connected
offerings, and enables them to buy, sell, or invest with the same
platform, STEER. The Company’s offerings generally fall into two
categories: subscription-based offerings led by its flagship
electric vehicle subscription business, STEER EV, and on-demand
services incorporating delivery, B2B marketplace,
Delivery-as-a-Service (DaaS) and rideshare businesses. The
Company’s platform is also powered by EcoCRED, its big data,
analytics and machine learning engine which seeks to capture,
analyze, parse and report on key data points in ways that measure
the Company’s impact on carbon reductions and offsets.
For more about the Company, visit www.steeresg.com.
Junaid Razvi, Chairman of the Board junaid@steeresg.com STEER
100 Consilium Pl, Unit 400 Scarborough, ON Canada M1H 3E3
www.steeresg.com
Forward-Looking Information
Certain information in this press release contains
forward-looking information, including with respect to the
Company’s business, operations and condition, management’s
objectives, strategies, beliefs and intentions, and the company’s
forward plans to rebrand. This information is based on management’s
reasonable assumptions and beliefs in light of the information
currently available to us and are made as of the date of this press
release. Actual results and the timing of events, such as those
pertaining to success of the Company’s search for a suitable Chief
Executive, may differ materially from those anticipated in the
forward-looking information as a result of various factors.
Information regarding our expectations of future results,
performance, achievements, prospects or opportunities or the
markets in which we operate is forward-looking information.
Statements containing forward-looking information are not facts but
instead represent management’s expectations, estimates and
projections regarding future events or circumstances. Many factors
could cause our actual results, level of activity, performance or
achievements or future events or developments to differ materially
from those expressed or implied by the forward-looking
statements.
See “Forward-Looking Information” and “Risk Factors” in the
Company’s Annual Management Discussion & Analysis (MD&A)
for the year ended December 31, 2022 (filed on SEDAR on May 1,
2023) and its interim MD&A for the period ended March 31, 2023
(filed on SEDAR on May 30, 2023) for a discussion of the
uncertainties, risks and assumptions associated with these
statements and other risks. Readers are urged to consider the
uncertainties, risks and assumptions carefully in evaluating the
forward-looking information and are cautioned not to place undue
reliance on such information. We have no intention and undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities legislation and
regulatory requirements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230911953428/en/
For further information:
Company Contact: Junaid Razvi, junaid@steeresg.com Media
Contact: Maria Verbytska, maria@steeresg.com
Tel: 1-888-300-2228
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