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SelectCore shakes up top management

21 January 2013  |  1377 views  |  0 Source: SelectCore

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 priorities.

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 development.

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."

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