Diverse, High-Impact Board Elected to Guide Next Phase of Growth for Tucows

Rhea-AI Summary

Tucows (NASDAQ: TCX, TSX: TC) has elected eight new directors to its Board at the Annual General Meeting, marking a strategic refresh of its leadership. The newly constituted Board brings diverse expertise across finance, technology, data analytics, and entrepreneurship. Key appointments include Marlene Carl (CFO of CHAPTERS Group AG), Lee Matheson (Partner at EdgePoint Investment Group), and current CEO Elliot Noss, among others. The voting results showed strong shareholder support, with all directors receiving over 86% approval rates. The highest approval was for Stephan Uhrenbacher at 94.47%, while CEO Elliot Noss received 86.18%. Shareholders also overwhelmingly approved Deloitte LLP as independent auditors with 99.79% support. This Board refresh reflects Tucows' commitment to assembling diverse global perspectives to guide its long-term strategy and innovation.

Positive

• Strong shareholder support with all directors receiving over 86% approval
• Diverse board composition with expertise in finance, technology, data analytics, and entrepreneurship
• International perspective with board members from different global regions
• High approval rate (99.79%) for appointment of Deloitte LLP as independent auditors

Negative

• None.

TORONTO, May 21, 2025 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX), (TSX: TC) announced that eight director nominees were elected to its Board of Directors at the company's Annual General Meeting held yesterday. The newly constituted Board brings a broad range of expertise across finance, technology, data analytics, and entrepreneurship—providing strategic leadership to help guide Tucows' next chapter of growth and innovation.

"We're pleased to welcome new and returning directors to the Tucows Board," said Elliot Noss, President and CEO of Tucows. "Each of them brings valuable experience and insight, along with a clear alignment to our values. This refresh reflects a thoughtful evolution of our Board, and we are deeply grateful to our outgoing directors for their years of service. We're confident this transition positions us well for the road ahead."

The newly-elected Board members include:

• Marlene Carl, the CFO of CHAPTERS Group AG, a German publicly traded investment company focused on scalable, long-term business models. Ms. Carl brings extensive experience in investment management and infrastructure financing—particularly in digital infrastructure and fiber network projects.
  
  
  
• Lee Matheson, Partner at EdgePoint Investment Group Inc., and previously the co-founder of Broadview Capital Management. Mr. Matheson has significant public company board experience across technology and financial services, and has an extensive background in investment management, financing, and SaaS businesses.
  
  
  
• Elliot Noss, the President and Chief Executive Officer of Tucows since 2001. Mr. Noss brings deep experience in internet infrastructure, software, and operational leadership, having overseen the launch and growth of Tucows' businesses including Domains, Ting, and Wavelo.
  
  
  
• Dr. Sandra Matz, David W. Zalaznick Associate Professor of Business at Columbia Business School and Director of the Center for Advanced Technology and Human Performance. A recognized leader in data-driven behavioral science, Dr. Matz focuses on how psychological traits influence consumer behavior and business outcomes.
  
  
  
• Laurenz Malte Nienaber, Founder and Managing Director of LMN Capital GmbH, brings deep experience in investment strategy, technology, and governance. Based in Munich, Mr. Nienaber is known for his analytical rigor and hands-on approach to board leadership.
  
  
  
• Allen Taylor, President of GTD Partners and former CFO of Trisura Group, has an extensive background in private equity operations, financial restructuring, and strategic investments. His previous leadership roles at Brookfield Asset Management and advisory roles bring wide-ranging financial and operational expertise.
  
  
  
• Jeffrey Tory, Chair and Portfolio Manager at Pembroke Management Ltd., has nearly four decades of experience investing in North American growth equities. A CFA charterholder and adjunct professor at McGill University, Mr. Tory brings expertise in financial analysis, capital markets, and corporate governance—critical to supporting long-term value creation.
  
  
  
• Stephan Uhrenbacher, a serial entrepreneur and investor, brings deep expertise in technology, sustainability, and startup acceleration. As Founder of Density Ventures and Sustainable Aero Lab, he has played a key role in mentoring innovative global ventures. He also previously held senior leadership roles at Qype, 9flats.com, and DocMorris.

These appointments underscore Tucows' commitment to assembling a Board with diverse global perspectives and deeply relevant expertise to help steward the company's long-term strategy, operational execution, and innovation across its business portfolio.

Voting results were as follows:

1. Election of Directors

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Marlene Carl	6,253,024	89.67	720,089	10.33
Lee Matheson	6,537,189	93.75	435,924	6.25
Sandra Matz	6,568,650	94.20	404,463	5.80
Laurenz Malte Nienaber	6,586,317	94.45	386,796	5.55
Elliot Noss	6,009,694	86.18	963,419	13.82
Allen Taylor	6,587,059	94.46	386,054	5.54
Jeffrey Tory	6,587,059	94.46	386,054	5.54
Stephan Uhrenbacher	6,587,203	94.47	385,910	5.53

2. Ratification of Appointment of Deloitte LLP as the independent auditors for Tucows for the year ending December 31, 2025:

Votes For	% For	Votes Against	% Against	Abstentions	% Abstentions
7,515,484	99.79	7,419	0.10	8,470	0.11

Final results on all matters voted on at the annual meeting of shareholders held on May 20, 2025 will be filed with the Canadian securities regulators and the Securities and Exchange Commission.

About Tucows

Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting (https://ting.com) delivers fixed fiber Internet access with outstanding customer support. Wavelo (https://wavelo.com) is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains (https://tucowsdomains.com) manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website (https://tucows.com).

Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.

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SOURCE Tucows Inc.

FAQ

Who are the new board members elected to Tucows (TCX) in May 2025?

The eight elected board members are Marlene Carl (CFO of CHAPTERS Group), Lee Matheson (EdgePoint Investment Group), Elliot Noss (CEO), Dr. Sandra Matz (Columbia Business School), Laurenz Malte Nienaber (LMN Capital), Allen Taylor (GTD Partners), Jeffrey Tory (Pembroke Management), and Stephan Uhrenbacher (Density Ventures).

What was the voting result for Tucows (TCX) CEO Elliot Noss in the 2025 board election?

Elliot Noss received 86.18% of votes in favor (6,009,694 votes) and 13.82% of votes withheld (963,419 votes).

What percentage of shareholders approved Deloitte as Tucows' (TCX) auditor for 2025?

99.79% of shareholders (7,515,484 votes) approved Deloitte LLP as Tucows' independent auditors for the year ending December 31, 2025.

Which Tucows (TCX) board member received the highest shareholder approval in 2025?

Stephan Uhrenbacher received the highest approval rate at 94.47% with 6,587,203 votes in favor.