KITCHENER, ON, April 2, 2019 /CNW/ - Quarterhill Inc.
("Quarterhill" or "the Company") (NASDAQ: QTRH) (TSX: QTRH) today
announced the appointment of Mr. John
Gillberry as Chair of the Board. John has been on the
Quarterhill board since May 2005.
Jim Skippen, Vice-Chair said:
"Given my past tenure in Management, the Board felt that having a
fully independent director as Chair would be the best governance
practice and I fully endorsed this decision. The Board unanimously
identified John as the ideal candidate to lead the Board in the
future as Chair given Quarterhill's current focus. Throughout his
career John has gained significant experience in corporate
transactions and mergers and acquisitions. He has extensive
experience with both public and private companies and is well
respected in both the financial and corporate world. I know John
will do an excellent job as the Chair of Quarterhill."
John Gillberry said: "I am
looking forward to leading Quarterhill's Board of Directors. We
believe there is a lot of exciting opportunity for the Company and
I will focus on transactions that move the Company forward. I thank
Jim for his work as Chair and I also thank Paul McCarten for his work as lead independent
director. Since I am fully independent, we will no longer need a
separate lead independent director."
Mr. Gillberry added: "In the newly created role of Vice-Chair it
is expected that Jim will assist me in various matters from
time-to-time and will offer coaching and assistance to the CEO and
Management."
Mr. Gillberry is a member of the Board's Compensation Committee
and Nominating Committee. Mr. Gillberry is an accomplished senior
technology executive with broad experience in venture capital
backed and public company environments and the founder and
President of Bayfield Capital Group, a corporate finance advisory
firm. Mr. Gillberry previously served as the Chief Executive
Officer of Coreworx Inc., was a member of the board of GuestLogix
Inc. from March 2015 to September 2016, and its Chief Executive Officer
from September 2015 to September 2016, and from March 2012 to December
2014, Mr. Gillberry was the Executive Vice-President and
Chief Financial Officer of eSentire Inc.
Mr. Gillberry holds a Master of Business Administration degree
from the University of Western Ontario
in London, Ontario.
About Quarterhill
Quarterhill is focused on the
disciplined acquisition, management and growth of companies in
dedicated technology areas including, vertical market software and
solutions, intelligent industrial systems, and innovation and
licensing. Quarterhill's emphasis is on seeking out acquisition
opportunities at reasonable valuations that provide a foundation
for recurring revenues, predictable cash flows and margins,
profitable growth, intimate customer relationships and dedicated
management teams. Quarterhill is listed on the TSX and NASDAQ under
the symbol QTRH. For more information: www.quarterhill.com.
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SOURCE Quarterhill Inc.