Reorganization invigorates the Company for continued profitable growth
VANCOUVER, Sept. 2, 2015 /CNW/ - Avigilon Corporation ("Avigilon" or the "Company") (TSX:AVO), a leading global provider of end-to-end security solutions, today announced a reorganization of its senior management team to streamline its reporting structure and increase operational efficiency.
Avigilon's seven major departments, being product development, sales, marketing, operations, finance, legal, and human resources, will now report directly to Alexander Fernandes, Avigilon's Founder, President, Chief Executive Officer, and Chairman of the Board. This refreshed structure brings Mr. Fernandes closer to Avigilon's day-to-day operations while empowering department leaders with greater authority.
In connection with the reorganization, Bryan Schmode has resigned as Avigilon's Chief Operating Officer; Bryan will provide consulting services to the Company to ensure business continuity over the next year. Collis Heath, Avigilon's former Senior Vice President of Global Operations, has also left the Company.
"Avigilon has experienced tremendous growth in its business and employee base," said Mr. Schmode. "I'm extremely proud of Avigilon's achievements and ongoing success."
"I wish to thank Bryan for his contributions to Avigilon, which have greatly added to our success," said Mr. Fernandes. "This reorganization is the culmination of recent management changes designed to foster a nimble and dynamic culture. Avigilon outpaces its competitors, and our refreshed leadership structure supports this fast pace by facilitating efficient decision-making and innovation."
Avigilon Corporation is defining the future of protection through innovative end-to-end security solutions. Avigilon's industry-leading HD network video management software, megapixel cameras, access control and video analytics products are reinventing the security market. Information about Avigilon can be found at www.avigilon.com.
© 2015, Avigilon Corporation. AVIGILON, and the AVIGILON logo, are trademarks of Avigilon Corporation. The absence of the symbols ™ and ® in proximity to each trademark in this document is not a disclaimer of ownership of the related trademark.
Certain statements contained in this news release, including all statements that are not historical facts, contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally include words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and herein include, without limitation, statements (express or implied) respecting Avigilon's mission, strategies, expected outcomes, and objectives. Forward-looking statements are not guarantees of future performance, actions or developments and are based on management's expectations and assumptions regarding historical trends, current conditions and expected future developments, as well as other factors that management believes are appropriate in the circumstances. Management has based the forward-looking statements herein on estimates and assumptions that it believes are reasonable at the current time, including without limitation, assumptions that Avigilon will be able to successfully execute its mission, strategies and objectives. Actual results could, however, be substantially different due to the risks and uncertainties associated with and inherent to Avigilon's business, as more particularly described in the "Risk Factors" section of Avigilon's Annual Information Form dated March 3, 2015, which is available under Avigilon's profile on SEDAR at www.sedar.com. Although Avigilon has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Avigilon. Accordingly, readers should not place undue reliance on forward-looking statements. Avigilon undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained herein are qualified by this cautionary statement.
SOURCE Avigilon Corporation
For further information: Investor relations: Dennis Fong, Avigilon Corporation, T: (604) 629-5182 ext. 2515, [email protected]