Business
Quarterhill Announces the Appointment of ITS Industry Veteran Rusty Lewis to its Board of Directors
Quarterhill Announces the Appointment of ITS Industry Veteran Rusty Lewis to its Board of...
About this update from Quarterhill Inc
[{"type":"text","content":"\n \n \n \n Quarterhill Announces the Appointment of ITS Industry Veteran Rusty Lewis to its Board of Directors\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 TORONTO\n \n ,\n \n March 3, 2022\n \n /CNW/ - Quarterhill Inc. (\"Quarterhill\") (TSX: QTRH) (OTCQX: QTRHF) a leading provider of tolling and enforcement solutions in the Intelligent Transportation Systems (\"ITS\") industry today announced that Mr.\n \n Rusty Lewis\n \n has been appointed to Quarterhill's Board of Directors (the \"Board\") effective\n \n March 3, 2022\n \n . Further changes to Board composition are expected to be made at Quarterhill's annual meeting of shareholders to be held on\n \n April 21, 2022\n \n .\n \n \n \"Having held board, CEO and senior executive leadership roles at companies in the ITS, technology and finance industries, Rusty is well suited to provide guidance and counsel on operational, financial and governance-related areas of the business,\" said\n \n John Gillberry\n \n , Chair of the Board at Quarterhill. \"As we continue Quarterhill's transformation to that of a pure-play ITS business, we look forward to Rusty's contributions as we pursue both organic and acquisition-related opportunities in an industry he helped to pioneer.\"\n \n \n From 1986 to 1994, Mr. Lewis owned and led Syntonic Technology (the predecessor company to Transcore, an ITS company that provides electronic toll collection systems). In 1994, he sold that business to Science Applications International Corporation, renamed it Transcore and was its CEO until its sale to private interests in 1999, after which he remained on the Transcore board of directors until 2005. Subsequently, Transcore was purchased by Roper Industries who have announced that it will be sold in early 2022 for\n \n US$2.68 Billion\n \n .\n \n \n Mr. Lewis is currently a Senior Advisor to Brown Brothers Harriman Capital Partners. He is also Chairman of the board of directors of Binswanger, a US private, full-service commercial real estate company. Previous executive roles include CEO of Zinio, a di...