Orysiuk resigns from AutoCanada

EDMONTON, ALTA. – Thomas Orysiuk has resigned as president and from the board of directors of AutoCanada.

The news was revealed yesterday after announcing 2016 annual and fourth quarter results. The move is effective Mar. 17 with current CEO Steven Landry assuming the role of president.

The brief statement issued by the company did not provide a reason for the change.

Landry said the board thanked Orysiuk for his “many years of dedicated service” and that they wish him well in his future endeavours.

AutoCanada said revenue dropped slightly last year from $2.8 billion in 2016 from $2.90 billion the previous year.

Quarterly revenue from existing and new dealerships decreased by 6.4 per cent to $629.3 million in the fourth quarter.

Same store revenue dipped by 5.6 per cent in 2016 compared to 2015 while same store gross profit decreased by 5.4 per cent last year.