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WINNIPEG, Manitoba–(BUSINESS WIRE)–Exchange Income Corporation (TSX: EIF) (“EIC” or the “Company”), a diversified, acquisition-driven, opportunity-driven company in the aviation, aerospace and manufacturing sectors , today announced the appointment of Richard Wowryk as Chief Financial Officer effective June 1, 2022.
“EIC’s growth strategy is based on the careful identification and development of industry-leading, entrepreneurial leadership teams across all of our subsidiaries,” said Mike Pyle, EIC President and CEO. “We have always applied this same practice to the development and retention of leadership talent at EIC, and we are delighted to continue this success with the promotion of Richard.”
Richard spent over 10 years at EIC, beginning his career with the company in financial reporting and progressing to roles of increasing responsibility including Controller and Chief Accounting Officer. A graduate of the University of Manitoba, Richard is both a Chartered Professional Accountant and Chartered Business Valuator.
“It is a tremendous privilege to be asked to take on this leadership role at EIC,” said Mr. Wowryk. “I am very excited about what the future holds for EIC and I look forward to continuing my contribution to the development of this great company. I would also like to thank Darryl Bergman for his continued mentorship throughout this transition and for bringing together the phenomenal financial management team we have in place today.
Alongside Richard’s promotion, Darryl Bergman is leaving EIC at the end of May to pursue a new career opportunity. The Society thanks Darryl for his contribution and wishes him well in his next endeavor.
About Exchange Income Corporation
Exchange Income Corporation is a diversified, acquisition-driven company focused on two industries: aerospace and aircraft services and equipment, and manufacturing. The Company uses a disciplined acquisition strategy to identify already profitable and well-established businesses that have strong management teams, generate stable cash flows, operate in niche markets and have opportunities for organic growth. For more information about the Company, please visit www.ExchangeIncomeCorp.ca. Additional information regarding the Company, including all public filings, is available on SEDAR (www.sedar.com).
Caution Regarding Forward-Looking Statements
Statements in this press release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to, COVID-19 and pandemic-related risks, Exchange Income Corporation’s dependence on its current operations and assets, the degree of indebtedness of its subsidiaries, the fact that cash distributions are not guaranteed and will fluctuate depending on the Company’s financial performance, dilution, restrictions on future growth potential, shareholder liability risk, competitive pressures (including price competition), changes in market activity, cyclicality of industries, seasonality of business, adverse weather and foreign currency fluctuations, legal proceedings, commodity prices raw materials and exposure to raw materials, dependence on key personnel and environmental, health and safety regulatory requirements curity and others. Except as required by Canadian securities law, Exchange does not undertake to update forward-looking statements; these statements speak only as of the date on which they were made. Further information about these and other risks and uncertainties is available in the disclosure documents filed by Exchange Income Corporation with securities regulatory authorities, available at www.sedar.com.
