AutoCanada Inc. Announces Executive Resignation

EDMONTON, March 16, 2017 /CNW/ - AutoCanada Inc. ("AutoCanada") (TSX: ACQ) announces that Thomas Orysiuk is resigning from his position as President and as a member of the Board of Directors of the Company.

Mr. Orysiuk shall resign as President and Director effective March 17, 2017. Steven Landry, Chief Executive Officer of the Company, shall assume the role of President and Chief Executive Officer.

"On behalf of the Board of Directors we sincerely thank Tom for his many years of dedicated service as an officer and director of AutoCanada – and particularly in this year of transition.  We wish him all the best in his future endeavors" stated Steven Landry.

About AutoCanada Inc.

AutoCanada is one of Canada's largest multi-location automobile dealership groups, currently operating 56 franchised dealerships, comprised of 64 franchises, in eight provinces and has over 4,250 employees. AutoCanada currently sells Chrysler, Dodge, Jeep, Ram, FIAT, Chevrolet, GMC, Buick, Cadillac, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi, Volkswagen, KIA, BMW and MINI branded vehicles. In 2016, our dealerships sold approximately 60,000 vehicles and processed approximately 864,000 service and collision repair orders in our 928 service bays during that time.

Additional information about AutoCanada Inc. is available at www.sedar.com and the Company's website at www.autocan.ca.

SOURCE AutoCanada Inc.

For further information: Christopher Burrows, Chief Financial Officer, Phone: 780.509.2808, Email: cburrows@autocan.ca

RELATED LINKS
www.autocan.ca

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