Decisive Dividend Corporation Announces CEO Appointment;

James Paterson to Continue as Chair of the Board

 

Kelowna, British Columbia – TheNewswire - May 10, 2021 – Decisive Dividend Corporation (TSXV:DE) (the “Corporation” or “Decisive”) announced today that effective June 1, 2021, Jeff Schellenberg has been appointed Chief Executive Officer of the Corporation. James Paterson will continue serving as the Board's Chair, after a successful tenure as both Chair and Chief Executive Officer since the Corporation’s inception.

 

James Paterson, Board Chair of Decisive, noted:

 

“This is a significant positive development for Decisive. I am very pleased that we are in a position to add someone of Jeff’s caliber to the Decisive team. We have had strong positive momentum in our operations, improving outlooks for each of our businesses and reinstated the monthly dividend. We are also well-positioned from a balance sheet perspective to continue working towards completing our next acquisition. As one of the original founders, I am very proud of where we have come as an organization and how we have managed through a very challenging economic period, and I would take this opportunity to thank the Decisive management team and the entire organization for their efforts during my time as CEO and in particular during this past year through the pandemic, where everyone worked very hard to get through the challenges it created. It has been my privilege to work with such a talented and dedicated group of individuals.  

 

Enhancing the leadership team with the addition of a CEO such as Jeff was always part of my long-term plan and, more importantly, aligns with Decisive’s leadership succession plan. We believe Jeff’s credentials, including his experience in public markets, finance, acquisitions, and operations, are an excellent fit for Decisive and positions the Corporation for continued growth for years to come. Jeff has a strong track record as a senior executive and will bring a wealth of experience to the team to help achieve Decisive’s strategic priorities, which include implementing our dividend strategy to drive enhanced share value for our shareholders, promoting acquisitions, growth and expansion, and also implementing initiatives for our existing businesses. As Chair, I will continue to be actively involved with Decisive and I am excited to work with Jeff and the rest of the leadership team through our next phase of growth.”

 

Jeff Schellenberg is a senior executive with a wide range of leadership, business and capital market experience. Jeff most recently served as Co-Chief Executive Officer and Chief Financial Officer of TerraPro Inc., an Alberta based, Canadian energy services business that was named one of Canada’s Best Managed Companies during his tenure. Previously, Jeff was with Merrill Lynch Canada Inc. in Toronto, Ontario, as an Investment Banker, where he advised on over $100 billion of transactions over seven years. Jeff obtained both an MBA and Bachelor of Laws from the University of Alberta and was called to the bar in Ontario in 2006.

 

Jeff Schellenberg, Chief Executive Officer of Decisive, noted:

 

“I am extremely excited to be joining Decisive as its CEO. Thanks to the efforts of James and the rest of the Decisive team, the Corporation is well positioned to continue to pursue its growth and value enhancement strategy. I look forward to working with the Board of Directors and the leadership team members, both corporately and in the existing businesses as well as in the businesses we look to acquire in the future, to build on the foundations that have been laid and help Decisive achieve its potential.”

 

Separating the roles of the Chair and Chief Executive Officer was always part of Decisive’s long-term leadership plan, as it enhances corporate governance. The appointment of Jeff Schellenberg followed a thorough recruitment process overseen by the Board of Directors using executive search firm Leaders International, which saw a wide variety of exceptional candidates vetted and interviewed.

 

About Decisive Dividend Corporation

 

Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector. The Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.

       

For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

James Paterson, Board Chair

#201, 1674 Bertram Street

Kelowna, BC V1Y 9G4

Telephone: (250) 870-9146

 

Cautionary Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

 

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on management’s current beliefs, assumptions and expectations as to the outcome and timing of such future events.  Actual future results may differ materially. In particular, this press release contains forward-looking information relating to the future prospects of the Corporation and its operating subsidiaries, the Corporation's strategic and operational plans, potential future acquisitions, and growth initiatives. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: general economic conditions; pandemic; competition; government regulation; environmental regulation; access to capital; market trends and innovation; climate risk; general uninsured losses; risk related to acquisitions; dependence on customers, distributors and strategic relationships; supply and cost of raw materials and purchased parts; operational performance and growth; implementation of the growth strategy; product liability and warrant claims; litigation; reliance on technology and intellectual property risks; availability of future financing; interest rates and debt financing; income tax matters; foreign exchange; dividends; trading volatility of common shares; dilution risk; reliance on management and key personnel; employee and labour relations; and conflicts of interest, all as more particularly described in the most recent annual MD&A of the Company available on the Company’s profile at www.sedar.com. There can be no assurance as to the future financial performance of the Company or that the board of directors of the Company will declare a dividend or reinstate a regular dividend policy in the future. The Company cautions the reader that the risk factors referenced above are not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

 

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