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WINNIPEG, MB, June 30, 2020 /CNW/ - Boyd Group Services
Inc. (TSX: BYD) ("BGSI", "the Boyd Group" or "Boyd") is pleased to
announce the election of John
Hartmann and William Onuwa to
its Board of Directors at its Annual Meeting and Special Meeting
held on Monday, June 29, 2020 in
Winnipeg.
Mr. John Hartmann was recently
appointed to the role of COO of Bed Bath and Beyond, having
previously held the position of CEO of True Value Company, and
brings significant leadership experience to the Board. Dr.
William Onuwa, who holds a Doctorate
degree in Business Management, is currently the Chief Audit
Executive at Royal Bank of Canada,
having previously held the position of SVP & Chief Risk
Officer, Wealth Management at RBC Georgia and Insurance Group
Canada.
"The Board has an ongoing commitment to renewal and to ensuring
the Board has the necessary skills and expertise to support the
growth of Boyd's business. We look forward to welcoming and
working with our two new Board members, John Hartmann and William Onuwa," said Allan Davis, Independent Chair of the Board of
Directors.
"On behalf of the Board, I would also like to acknowledge
Gene Dunn's retirement from the
Board of Directors. Gene served on the Board of Boyd since
1998. The Board appreciates Gene's sound business advice,
valued counsel and all that he has contributed to the Board of
Directors and to Boyd during the past 22 years," added Mr.
Davis.
About Boyd Group Services Inc.
Boyd Group Services
Inc. is a Canadian corporation and controls The Boyd Group Inc. and
its subsidiaries. Boyd Group Services Inc. shares trade on the
Toronto Stock Exchange (TSX) under the symbol BYD. For more
information on The Boyd Group Inc. or Boyd Group Services Inc.,
please visit our website at http://www.boydgroup.com.
About The Boyd Group Inc.
The Boyd Group Inc. (the
"Company") is one of the largest operators of non-franchised
collision repair centres in North
America in terms of number of locations and sales. The
Company operates locations in Canada under the trade names Boyd Autobody
& Glass (http://www.boydautobody.com) and Assured Automotive
(http://www.assuredauto.ca) as well as in the U.S. under the trade
name Gerber Collision & Glass (http://www.gerbercollision.com).
In addition, the Company is a major retail auto glass operator in
the U.S. with operations under the trade names Gerber Collision
& Glass, Glass America, Auto Glass Service, Auto Glass
Authority and Autoglassonly.com. The Company also operates a third
party administrator, Gerber National Claims Services ("GNCS"), that
offers glass, emergency roadside and first notice of loss services.
For more information on The Boyd Group Inc. or Boyd Group Services
Inc., please visit our website at (http://www.boydgroup.com).
Caution concerning forward-looking
statements
Statements made in this press release,
other than those concerning historical financial information, may
be forward-looking and therefore subject to various risks and
uncertainties. Some forward-looking statements may be identified by
words like "may", "will", "anticipate", "estimate", "expect",
"intend", or "continue" or the negative thereof or similar
variations. Readers are cautioned not to place undue reliance on
such statements, as actual results may differ materially from those
expressed or implied in such statements. Factors that could cause
results to vary include, but are not limited to: pandemic risk
& economic downturn; operational performance; acquisition risk;
employee relations and staffing; brand management and reputation;
market environment change; reliance on technology; foreign currency
risk; loss of key customers; decline in number of insurance claims;
margin pressure and sales mix changes; weather conditions and
climate change; competition; access to capital; dependence on key
personnel; tax position risk; corporate governance; increased
government regulation and tax risk; environmental, health and
safety risk; fluctuations in operating results and seasonality;
risk of litigation; execution on new strategies; insurance risk;
dividends not guaranteed; interest rates; U.S. health care costs
and workers compensation claims; low capture rates; supply chain
risk; capital expenditures; and energy costs and the BGSI's success
in anticipating and managing the foregoing risks.
We caution that the foregoing list of factors is not
exhaustive and that when reviewing our forward-looking statements,
investors and others should refer to the "Risk Factors" section of
BGSI's Annual Information Form, the "Risks and Uncertainties" and
other sections of our Management's Discussion and Analysis of
Operating Results and Financial Position and our other periodic
filings with Canadian securities regulatory authorities. All
forward-looking statements presented herein should be considered in
conjunction with such filings.
SOURCE Boyd Group Services Inc.