VIQ Solutions Appoints Chairman, Larry Taylor, in Newly Created Role as Executive Chairman and Tim Johnson as Senior Vice President of International
Appointment of Executive Chairman
As both an executive and board member, Mr. Taylor’s new role was created to work closely with the executive team and accelerate the Company’s delivery of increased profitability and enhanced cash flow generation in 2023. To achieve these goals,
There is no change to the composition of the
“The VIQ Board recognizes this is a time requiring all hands-on deck. We are disappointed with 2022 financial performance and recognize the industry challenges created by completing significant acquisitions amidst labor shortages, client shutdowns and delayed technology migration created by the pandemic. Successfully executing the operational initiatives we launched this year is our highest priority. The Board will continue to work closely with the executive team and our advisors to review options to increase shareholder value through 2023 and beyond,” said
Appointment of Senior Vice President of International
The Company is also pleased to announce the appointment of
“Tim is responsible for leading the team building distribution through critical partners, like ORdigiNAL, as we rapidly evolve to selling SaaS solutions in our key verticals. His objective is to expand the adoption of our industry leading transcription, documentation and workflow management solutions to drive digital transformation for our clients across the globe,” said
For more information about VIQ, please visit viqsolutions.com.
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Forward-Looking Statements
Certain statements included in this news release constitute forward-looking statements or forward-looking information (“forward-looking statements”) under applicable securities legislation. Such forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
Forward-looking statements typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this news release include, but are not limited to, those statements with respect to the Company’s business objectives and the expected roles of Messrs. Taylor and Johnson. Forward-looking statements are based on several factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding, among other things, the Company’s business plans and goals. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the factors described in greater detail in the “Risk Factors” section of the Company’s annual information form dated
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