Constellation Software Inc. Announces Changes to its Management Team
August 16 2020 - 4:55PM
Constellation Software Inc. (TSX:CSU) (“Constellation” or the
“Company”) today announced the resignation of John Billowits, Chief
Executive Officer (CEO) of the Vela Operating Group (“Vela”) and
the appointment of Damian McKay as his replacement, with effect
from September 30, 2020. John Billowits will continue to act
as a director to Constellation and will assist in the transition
over the next twelve months and beyond as required.
Damian McKay has been with Constellation for five years as CEO
of DMG, an operating group within Vela. Prior to joining
Constellation, Damian served as CEO of Datamine and in various
executive positions with General Electric in Australia.
Mark Leonard, said, in commenting upon the
announcement:
“We owe John a debt of thanks.
John oversaw the development of Vela into a high-performance
Operating Group, after he did a wonderful job of helping bring Gary
Jonas Computing into the CSI fold. In between, he was
Constellation's CFO. In that role he was my irreverent,
logical, and decisive coach. I would not have invested in TSS
without John's prodding and encouragement, nor would we have
adjusted the overly conservative acquisition models which were
constraining CSI's capital deployment.
I am sad that John will no longer be
a CSI employee, but am pleased that Damian and I will continue to
benefit from John’s continued involvement as a Director and engaged
investor.
Damian brings a wealth of global
experience which will contribute to the continued global expansion
of Vela.”
About Constellation Software Inc.
Constellation’s common shares are listed on the Toronto Stock
Exchange under the symbol “CSU”. Constellation Software acquires,
manages and builds vertical market software businesses.
For further information:
Jamal Baksh Chief Financial Officer 416-861-9677
info@csisoftware.comwww.csisoftware.com
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