Thomas Orysiuk resigned as president and from the board of directors at AutoCanada Inc., the country’s largest publicly traded dealership group.
The resignation is effective today, AutoCanada said in a statement. CEO Steven Landry will assume the role of president.
"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 first joined AutoCanada as its executive vice-president and chief financial officer in November 2005. During his time at AutoCanada, he’s also held the position of CEO.
Landry joined AutoCanada on April 1, 2016, He was formerly with FCA as the automaker's Canadian president and CEO. He also served as and FCA's executive vice-president, North America in the United States.
Orysiuk’s resignation came as the company reported a drop in fourth-quarter revenue and profit.
Revenue from existing and new dealerships decreased by 6.4 percent 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 percent to $116.8 million.
AutoCanada is comprised of 64 franchises in eight provinces and has more than 4,250 employees.