Thomas Orysiuk has resigned as president and from the board of directors at AutoCanada Inc., the country’s largest publicly traded dealership group.
It was less than a year ago that Orysiuk gave up his CEO title to new-arrival Steven Landry, who will now assume Orysiuk’s role as company president.
The changes are effective today, Edmonton-based AutoCanada said in a statement.
"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,” Landry said in the statement. “We wish him all the best in his future endeavours.”
Orysiuk joined AutoCanada as chief financial officer in November 2005.
Landry joined AutoCanada on April 1, 2016. He was formerly with FCA as the automaker's Canadian president and CEO. He also served as FCA's executive vice president in charge of North America.
Orysiuk’s resignation came as the company reported a decline in fourth-quarter revenue and profit.
Revenue from existing and new dealerships decreased by 6.4 per cent from the year-earlier quarter, to $629.3 million. For the year, revenue remained flat at $2.89 billion.
Quarterly gross profit from existing and new dealerships decreased by 5.8 per cent to $116.8 million.
AutoCanada has 56 dealership locations holding 64 franchises in eight provinces and has more than 4,250 employees.
AutoCanada did not immediately respond to calls and emails placed by Automotive News Canada.