Uni-Select Inc., closed the transaction for the sale of its Automotive USA and Beck/Arnley activities to Icahn Enterprises L.P., and is proceeding to a reorganization of its corporate management activities.
This transaction changes the landscape of Uni-Select in North America and provides an excellent platform for Uni-Select to accelerate profitable growth within its two core businesses.
Uni-Select’s objective is to streamline and reduce the size of its corporate support functions. Therefore, the role of the corporate services vice president and chief financial officer will be transitioned into a more traditional financial role of chief financial officer.
Formerly included in the corporate services function, information technology and logistics will be moved into the Canadian operating business they serve. Moving forward, Uni-Select’s small corporate office team will consist of corporate finance, legal affairs, human resources and mergers and acquisitions.
“We are adjusting our overall corporate structure to focus some business functions back directly into the businesses they serve and, therefore, one step closer to our customers,” said Henry Buckley, chief operating officer and Uni-Select’s next president and chief executive officer effective August 1st 2015.
In line with this restructuring, current Uni-Select president and chief executive officer Richard G. Roy, announced today that Denis Mathieu, vice president of corporate services and chief financial officer, has decided to leave Uni-Select and pursue other professional endeavors. In order to provide continued support and ensure an efficient transition, Denis will remain with Uni-Select through July 31st, 2015.
Denis Mathieu joined Uni-Select in March 2007 as vice president and chief financial officer. He was appointed executive vice president of corporate services and chief financial officer in August 2012. In the past few years, Denis has played a key role in the SAP implementation and in the acquisition of FinishMaster.
“Denis is a talented executive and we thank him for his many contributions during the past eight years. We appreciate the leadership he displayed in helping Uni-Select successfully close the sale of Automotive USA and Beck/Arnley activities to Icahn Enterprises L.P.,” said Richard G. Roy.
Uni-Select’s executive management team, on behalf of all team members, wishes to thank Denis for his very significant contribution to the success of Uni-Select and wish him all the best in his forthcoming projects.
In the upcoming weeks, Uni-Select will concentrate on appointing a new chief financial officer while propelling the organization towards accelerating profitable growth in its core markets both organically and through select acquisitions.