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Quarterhill Announces CEO Change and Preliminary Consolidated Results for Fiscal 2022
Quarterhill Announces CEO Change and Preliminary Consolidated Results for Fiscal 2022 C...
About this update from Quarterhill Inc
[{"type":"text","content":"\n \n \n \n Quarterhill Announces CEO Change and Preliminary Consolidated Results for Fiscal 2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Bret Kidd\n \n to step down, effective immediately\n \n \n \n John Gillberry\n \n appointed Interim CEO\n \n \n Quarterhill expects consolidated revenue for fiscal 2022 in a range of\n \n $303\n \n -307 million and consolidated Adjusted EBITDA in a range of\n \n $63\n \n -66 million\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 20, 2023\n \n \n /CNW/ - Quarterhill Inc. (\"Quarterhill\") (TSX: QTRH) (OTCQX: QTRHF) announced today that\n \n Bret Kidd\n \n will step down as President and CEO and resign from the Board, effective immediately.\n \n John Gillberry\n \n , who is currently Chair of the Board, has been named Interim CEO.\n \n \n Quarterhill's Board has formed a CEO search committee to conduct a search to select the company's next CEO and will be engaging an executive recruiting firm to assist with this process.\n \n \n \"We are committed to global leadership in the Intelligent Transportation Systems (ITS) industry, and we have two strong platforms in tolling and enforcement solutions that are capable of delivering revenue growth and attractive operating margins,\" said\n \n John Gillberry\n \n , Interim CEO of Quarterhill. \"Our goal in 2023 will be to onboard a new leader, elevate our financial performance in ITS and build towards operational excellence throughout the organization. I want to thank Bret for his service to the company and we wish him the best in his future endeavours.\"\n \n \n Mr. Gillberry is expected to remain Interim CEO until such time as a new CEO is appointed and will not stand for re-election to the Board at Quarterhill's 2023 Annual Meeting.\n \n \n \n Fiscal 2022 Preliminary Results\n \n \n Quarterhill announces that its consolidated revenue for fiscal 2022 is expected to be in a range of\n \n $303\n \n -307 million with consolidated Adjusted EBITDA\n \n 1\n \n expected to be in a range of\n \n $63\n \n -66 million.\n \n \n \n WiLAN Strateg...