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Thu, February 9, 2012 GuestLogix Expands Airline Industry Leadership Position With New Board Member Appointment
February 09, 2012 07:00 ET
GuestLogix Expands Airline Industry Leadership Position With New Board Member Appointment
Airline Industry Veteran, Travel Tour Expert and Entrepreneur, Leo Desrochers, Joins GuestLogix as a Non-Executive Director
TORONTO, ONTARIO--(Marketwire - Feb. 9, 2012) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, announced today the appointment of Leo Desrochers to the Company's Board of Directors, effectively immediately. Mr. Desrochers brings a wealth of experience to the GuestLogix' Board as he has held numerous senior positions in both the airline and travel tour operations industries. His many years as a member of Air Canada's executive team - as Executive Vice President, Chief Operating Officer and Chief Financial Officer - showcase his proven track record of leadership, vision and ability to produce results.
"Leo's appointment to the Board is a strategic move for GuestLogix," said Mr. Tom Douramakos, Chair of the Board of Directors and President and CEO of GuestLogix. "His insights and strategic guidance will be a valuable asset particularly as we work to further expand our global footprint, enter new markets and leverage our proven strengths this year. In addition, Leo joining the Board coincides with a significant Company milestone as we celebrate our 10th Anniversary as an innovator of onboard retail technology solutions."
"I am very excited to be joining the Board of GuestLogix at this juncture in the Company's history," said Leo Desrochers. "I look forward to working with the management team to help carry out the expansion plans that I believe will translate to increased value for investors."
During Mr. Desrochers' tenure at Air Canada, Skyservice Airlines, North American Leisure Group and Sunquest Vacations, these companies realized exponential growth. His understanding of both airline and traveler needs, combined with more than 30 years of executive experience in the airline industry, position him to play an integral role in helping GuestLogix achieve its targets and growth plans.
As President and CEO of Sunquest Vacations, Mr. Desrochers' commitment to customer service and quality transformed the company, preparing it for expansion and leading to an IPO that resulted in Sunquest being purchased by UK-based Airtours, now owned by Thomas Cook Group PLC. As Chief Operating Officer at Skyservice Airlines, he oversaw a massive expansion of active aircraft, effectively growing the customer base and making it the largest charter airline in Canada. His influence was also crucial in designing, financing and implementing the company's attempt to offer full-service scheduled operations.
"Leo is a dynamic individual whose in-depth knowledge of passenger behaviour and the travel sector will greatly assist GuestLogix to fulfill its mandate to provide customers with the industry's most advanced technology solutions," said Chris Gardner, Nomination Committee Chair.
About GuestLogix
GuestLogix Inc. is the leading global provider of onboard store technology and merchandising solutions, which help airlines and other travel operators create, manage, and control onboard retail environments tailored to their needs and their passengers. Serving approximately 90% of the North American airline passenger traffic and 40% of the global airline passenger traffic, GuestLogix has become a trusted onboard transaction processing partner to airlines around the world. The Company's global headquarters and centre for product innovation is located in Toronto, Canada with regional head offices around the globe including GuestLogix USA, serving the Americas, located in Dallas, Texas; GuestLogix Europe, located in London, UK, serving Europe, Middle East and Africa; GuestLogix Asia Pacific, located in Hong Kong; and a sales and support office located in Singapore. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. GuestLogix is pleased to be recognized as one of Deloitte's North America Technology Fast 500 and Canada Technology Fast 50 companies. GuestLogix is publicly traded on The Toronto Stock Exchange (GXI.T). More information is available at [ www.guestlogix.com ].
© 2012 GuestLogix. All Rights Reserved. ®OnTouch is a trademark of GuestLogix Inc. and is registered in the United States and may be pending or registered in other countries. All other trademarks and trade names are the property of their respective owners.
Forward-Looking Statements
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on July 14, 2011 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
