Feb. 3, 2015, Calgary – Rocky Mountain Dealerships appointed Mr. Garrett
Ganden as President and Chief Executive Officer
effective February 2, 2015. Mr. Ganden currently serves as Rocky's
Chief Operating Officer, a position he has held since 2011. Prior to
that appointment, Mr. Ganden had served as Rocky's Chief Financial
Officer since 2007.
Feb. 3, 2015, Calgary – Rocky Mountain Dealerships appointed Mr. Garrett Ganden as President and Chief Executive Officer
effective February 2, 2015. Mr. Ganden currently serves as Rocky's Chief Operating Officer, a position he has held since 2011. Prior to that appointment, Mr. Ganden had served as Rocky's Chief Financial Officer since 2007.
As previously disclosed, Rocky retained a leading international executive search firm to assist in finding and vetting both internal and external candidates, as part of a thoughtful and thorough selection process that its shareholders, customers and employees expected and deserved. Commenting on this appointment, Matt Campbell, Rocky's Chairman and retiring Chief Executive Officer, stated, "There is no better person than Garrett to assume the leadership of Rocky at this time. He has been involved in the company since its inception and has first-hand knowledge of Rocky's business, operations, employees and stakeholders. He has guided Rocky through numerous acquisitions, has played a key role in developing Rocky's strategy, and has strong relationships with our OEM partners. He has built an exceptionally capable senior management team to assist him in leading the company through the next phase of its growth and development."
Derek Stimson, co-founder and retiring President of Rocky added, "Having worked with Garrett for several years, I know that he is the right leader at the right time for Rocky. No one is more knowledgeable about Rocky's business than he is."
"I feel honored to be asked to lead Rocky at this important period," said Mr. Ganden. "Matt and Derek have made significant contributions to Rocky since its founding in 2007, and will be difficult to replace. That said, I am privileged to have a very strong executive leadership team in place, from which I believe we can continue to build the foundation for meeting our customers' ever-evolving demands, while delivering sustainable improvement in long-term shareholder value."
Rocky's Board of Directors also announced today that Mr. Campbell and Mr. Stimson will retire from their management roles effective February 2, 2015, but will both retain leadership roles on the Board for the foreseeable future. Mr. Campbell will remain as Chair of the Board of Directors and Mr. Stimson has been appointed as Vice Chair, both effective February 2, 2015.
The Board of Directors is extremely appreciative of both Mr. Campbell and Mr. Stimson's significant contribution in building Rocky's business into a billion dollar enterprise since its Initial Public Offering in late 2007.
Paul Walters, Rocky's Lead Independent Director, commented, "We feel fortunate that both Matt and Derek will continue to help build and guide the business through their continuing involvement on the Board. The appointments the Board of Directors has announced today underscore our continued confidence in the management team at Rocky and the strategic direction of the business."
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