SMART’s co-founder, president and chief executive-Nancy Knowlton and David Martin, co-founder and executive chairman, are leaving their executive management roles.
Tom Hodson, the company’s current chief operating officer, will be interim president and chief executive. Knowlton will continue to sit on the board of directors in the new role of vice-chair and Martin will continue as chairman of the company.
In a news release, SMART said the significant shareholding in the company for Knowlton and Martin will not change as a result of the change in their roles.
Knowlton and Martin, co-founded SMART has served in their current positions since June 2007.
The company said the board plans to conduct a comprehensive search to select the next president and chief executive, considering both internal and external candidates, and is engaging an executive search firm to assist with this process. It expects to fill the position later this year.
Source: The Calgary Herald