Rocky Mountain Dealerships Inc. (TSX: RME, OTCQX: RCKXF) Announces Management and Director Appointments

CALGARY, Jan. 30, 2017 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky") announced today that it has appointed Mr. Jim Wood as its Chief Sales and Operating Officer.  Mr. Wood will be responsible for driving business and operational efficiency within Rocky, assisting with strategic planning, as well as overseeing all key sales and inventory management functions. 

"Jim has extensive experience in all facets of the agriculture equipment business, and has proven to be a strong and capable leader during his time at Rocky," remarked Garrett Ganden, President and Chief Executive Officer of Rocky.  "As a sales and marketing organization, Rocky is privileged to have an individual of Jim's caliber and experience leading our initiatives to further improve our market presence, drive sales and operational excellence, and create value for our shareholders.  On behalf of the management team and board of directors, I would like to welcome Jim to this new role, and wish him continued success."

Mr. Wood brings nearly three decades of experience working in the sales and management functions of the agriculture equipment business.  He has been with Rocky since 2011, and has served as Rocky's Vice President of Agriculture since October, 2012.  Mr. Wood also sits on the board of directors of the Western Equipment Dealers Association.

Robert J. Herdman, F.C.A., Appointed to Board of Directors

Rocky also announced today that Mr. Robert J. Herdman, FCA, has been appointed to its Board of Directors.  Mr. Herdman is a Fellow Chartered Accountant and was formerly a senior partner at PricewaterhouseCoopers LLP in Calgary, Alberta, where he gained extensive exposure to the regulatory, compliance, and transactional environment in both Canada and the United States.  Mr. Herdman currently serves as a director of Chinook Energy Inc., Western Financial Group, Zag Bank, Blackline Safety Corp., and Black Diamond Group Ltd. 

Commenting on the appointment, Matthew Campbell, Chairman of the Board of Directors for Rocky, stated, "Mr. Herdman possesses a wealth of advisory and business experience to Rocky, and will be a valuable addition to our Board.  He brings to our Board knowledge from a career spanning 34 years, working with countless different businesses across a variety of industries and jurisdictions.  We look forward to the experience and insight Mr. Herdman will bring to Rocky over the coming years."   

Further to his appointment, Mr. Herdman was also appointed to serve on Rocky's Audit Committee.  With this appointment, Rocky's Board of Directors now consists of 9 directors, 6 of whom are independent.

Caution Regarding Forward-Looking Information

Certain information set forth in this news release, including, without limitation, statements that imply any future earnings, value creation for shareholders, profitability, business growth, economic benefit or other financial results resulting from the news announced herein, are forward-looking information within the meaning of applicable Canadian securities laws.  By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond Rocky's control.  While this forward-looking information is based on information and assumptions that Rocky's management believes to be reasonable, there is significant risk that the forward-looking statements will prove not to be accurate. 

Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from that expressed in the forward-looking statements.  Accordingly, this news release is subject to the disclaimer and qualified by risks and other factors discussed by Rocky in its management's discussion and analysis ("MD&A") for the quarter ended September 30, 2016, and as discussed in Rocky's Annual Information Form dated March 15, 2016 under the heading "Risk Factors." 

Except as required by law, Rocky disclaims any intention or obligation to update or revise forward-looking statements, and further reserves the right to change, at any time, at its sole discretion, its current practice of updating its guidance and outlooks..

About Rocky

Rocky is one of Canada's largest agriculture and industrial equipment dealership networks with branches located throughout Alberta, Saskatchewan, and Manitoba.  Through its network of Rocky Mountain Equipment locations, Rocky sells, rents, and leases new and used agriculture and industrial equipment and offers product support and finance to its customers.

Additional information on Rocky is available at www.rockymtn.com and on SEDAR at www.sedar.com.

SOURCE Rocky Mountain Dealerships Inc.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/30/c7224.html

Rocky Mountain Dealerships Inc., Garrett Ganden, President and Chief Executive Officer or David Ascott, Chief Financial Officer, #301, 3345 8th Street S.E., Calgary, Alberta T2G 3A4, Telephone: [phone], Fax: [phone]

Related Links

http://www.rockymtn.com/