SelectCore Announces Strategic Management Restructuring to Support Anticipated Growth
TORONTO, ONTARIO, Jan 21, 2013 (MARKETWIRE via COMTEX News Network) -- SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE: SCG)
a leader in prepaid payment solutions, today announced a strategic
restructuring of its executive management team to better position the
Company to fully capitalize on new contracts and significant growth
opportunities that are anticipated to develop over the near term.
As part of the restructuring initiatives, Mr. Kevin Taylor, Director
of the Corporation, will assume the role of Chief Executive Officer.
Mr. Keith McKenzie and Mr. Ryan Deslippe will remain with the Company
in the key roles of President and Executive Vice President
respectively. McKenzie and Taylor will continue to serve on the Board
of Directors of SelectCore.
The restructuring brings an introduction of new leadership and the
division of responsibilities to address the Company's growth
Mr. Taylor is a seasoned professional that brings more than 20 years
of leadership experience having held senior-level positions in the
Latin America and Caribbean market including heading up Nortel's
carrier and wireless groups from 2000 to 2008. Mr. Taylor was also
President of the Telecom division of Facey Group, one of the largest
private companies domiciled in the Caribbean. Mr. Taylor completed
the General Managers Program at the Harvard Business School in 2001
and received his Bachelor of Engineering - Science degree from the
University of Western Ontario in 1994.
Mr. Taylor's vast wealth of knowledge and contacts in this region is
already bolstering SelectCore's next phase of growth. In his new
role, Mr. Taylor will not only focus on delivering sustained growth
and profitability, but also raising the profile of SelectCore on a
global scale and creating awareness among the public markets
including analysts, retail and institutional investors.
These corporate restructuring initiatives are designed to strengthen
the Company and position it for long-term success - allowing Mr.
McKenzie, Mr. Deslippe and other key members of the executive team to
focus their full-time efforts on business development initiatives and
the execution of new contract implementations, innovation and product
The Company and all of its stakeholders stand to benefit considerably
from these changes that come at an important time as SelectCore
anticipates significant growth from new corporate and public sector
prepaid card programs within Canada and the LAC region.
"These strategic changes ensure we have the best team and leadership
in place to execute our growth plan and realize the enormous
potential of our Company" commented Martin Bernholtz, Chairman of
SelectCore. "They are aimed at accelerating profitable growth and
increasing accountability and shareholder value."