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BRIEF-Uni-Select Announces Departure Of CEO Henry Buckley, Effective Immediately

Published 2018-09-18, 06:20 a/m
BRIEF-Uni-Select Announces Departure Of CEO Henry Buckley, Effective Immediately
UNS
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Sept 18 (Reuters) - Uni-Select Inc UNS.TO :

* UNI-SELECT ANNOUNCES MANAGEMENT CHANGES, UPDATED 2018 GUIDANCE AND REVIEW OF STRATEGIC ALTERNATIVES

* ANNOUNCES TODAY DEPARTURE OF HENRY BUCKLEY, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF CORPORATION, EFFECTIVE IMMEDIATELY

* DEPARTURE OF HENRY BUCKLEY, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF CORPORATION, EFFECTIVE IMMEDIATELY

* BUCKLEY HAS ALSO STEPPED DOWN AS A MEMBER OF BOARD OF DIRECTORS OF CORPORATION

* ANDRÉ COURVILLE, CHAIR OF BOARD, WILL ASSUME INTERIM ROLE OF PRESIDENT AND CHIEF EXECUTIVE OFFICER OF CORPORATION

* MICHELLE CORMIER HAS BEEN NOMINATED CHAIR OF BOARD

* FINISHMASTER'S EXPECTED FULL YEAR 2018 ORGANIC SALES GROWTH IS REVISED DOWN FROM 2.0%-4.0% TO 0.5%-2.0%

* CANADIAN AUTOMOTIVE GROUP'S EXPECTED FULL YEAR 2018 ORGANIC SALES GROWTH IS REVISED DOWN FROM 0.0%-2.0% TO 0.0-1.5%

* PARTS ALLIANCE UK'S EXPECTED FULL YEAR 2018 ORGANIC SALES GROWTH IS REVISED UP FROM 5.0%-7.0% TO 6.0%-8.0%

* CONSOLIDATED ORGANIC SALES GROWTH GUIDANCE IS REVISED DOWN FROM 2.25%-4.0% TO 0.8%-2.6%

* FY CONSOLIDATED EBITDA MARGIN IS REVISED DOWN FROM 7.2%-8.2% TO 6.75%-7.25%

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