PowerBand Solutions (TSXV: PBX) has bolstered its senior advisor team as of this morning with the hiring of two proven leaders within the automotive industry. John Canales and Brent Green will be joining the company as senior advisors, and collectively have over seven decades of experience in leadership roles.
The two senior advisors will being their work immediately, assisting in the commercialization of PowerBand’s virtual automotive platform. The platform, being introduced under the DRIVRZ brand, will enable dealers and consumers to buy, sell, lease, trade and finance vehicles from any location using a smart device.
Canales entered the automotive sector in 1990, quickly rising to leadership roles in the field. At the age of 30 he operated the highest volume dealership in the US, following which he opened his own dealership. He previously worked with DealerTrack Technologies, which was subsequently acquired by Cox Automotive, delivering $80 million in revenue to the firm. Before his departure, he served as Director for Enterprise Dealership Partners. Most recently he served as a senior executive for a firm focused on digital automotive retail.
Green comparatively began his career with Cox Automotive in management, before moving to Manheim Auto Auctions where he spent 17 years as management. At the height of his time at Manheim, Green was representing the firm in international joint ventures based in China and Turkey. From Manheim, he returned back to Cox Automotive, where he performed in numerous senior leadership roles under the AutoTrade, Kelly Blue Book, and Dealer.com brands, most recently serving as Vice President of Sales.
“PowerBand is now in full commercialization mode, able to operate in 14 states, with a combined population of more than 200 million. John Canales and Brent Green bring the knowledge and leadership that will make PowerBand, and our brand DRIVRZ, a national presence and essential go-to-retail tool for potentially millions of drivers as well as the dealerships who serve them.”Kelly Jennings, PowerBand CEO
PowerBand Solutions last traded at $0.225 on the TSX Venture.
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