NowVertical Announces Board and Management Changes Enhancing Capital Markets, Financial Governance and Operational Expertise

TORONTO, Jan. 08, 2024 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (“NowVertical” or the “Company”) (TSX-V: NOW) (OTCQB: NOWVF), a leading force in data analytics and AI solutions, is pleased to announce the strategic additions of two highly qualified directors, David Charron and Chris Ford, to the Company’s Board of Directors. In addition, the Company is pleased to announce the appointment of Christine Nelson as Interim Chief Financial Officer of the Company effective as of February 1, 2024, replacing Alim Virani.

"We're excited to welcome David Charron and Chris Ford to our board," said Elaine Kunda, NowVertical’s Board Chair. "With their expertise in capital markets, financial governance, and technical operations, they bring valuable strength to our leadership as we continue to pursue our growth strategy. We're eager to leverage their experience to maximize growth and profitability for NowVertical's global assets and enhance our track record in M&A execution. Our continued evolution reinforces our commitment to a more mature and integrated operating model. These changes today bring us one step closer to realizing that vision."

Mr. David Charron is an accomplished public company CFO and Board Director renowned for his achievements in Canadian capital markets, equity financing, debt financing, mergers and acquisitions, and driving profitable growth in global technology businesses. His extensive experience includes serving as a Public and Non-Profit Board Director with organizations such as International Datacasting Corp, William Osler Health System, CMA Ontario, and serving as the Corporate Secretary for Redknee Solutions Inc. Mr. Charron currently serves as the CFO of Tiny Ltd., a TSX Venture Exchange listed holding company based in Canada with investments in North America and Europe. He has a B.Eng and an MBA from McMaster University, holds CPA and CMA designations, and is a Chartered Director (C.Dir.). Mr. Charron will assume the role of Chairman of the Audit Committee.

Mr. Chris Ford is a senior business executive with over 20 years of market experience, specializing in strategy and implementation of technology transformation services. Mr. Ford spent six years as CEO of Capco Canada, a leading business and technology professional services firm specializing in the financial services domain, including during its USD $1.45 billion acquisition by Wipro in 2021. Recently, Mr. Ford served as program consultant in an executive capacity responsible for enterprise modernization at Jacksonville-based FIS, one of the world’s largest fintechs. Presently, Mr. Ford is President of Intelliware, a Toronto-based consulting and professional services business that provides services to customers across the US, Canada, and the United Kingdom. He is a recognized thought leader, speaker and author on technology, futurology, IT strategy, digital transformation, and performance engineering. Mr. Ford holds a Bachelor’s Degree in Systems Design Engineering with an option in Cognitive Sciences from the University of Waterloo.