TORONTO, June 28,
2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX:
TC), a global internet services leader, announced today that it has
named Ivan Ivanov as its new Chief
Financial Officer (CFO), effective August 5,
2024. Ivanov assumes the role from Dave Singh—who has been
with Tucows since 2017—as he steps down to pursue other
opportunities.
"I am excited to welcome Ivan to the Tucows family. Ivan is an
accomplished business leader with highly-relevant financial
expertise, including strategic capital management, which will make
him an excellent addition to our organization," said Elliot Noss, CEO of Tucows. "I also want to
sincerely thank Dave for his impact on the business over the years.
Under his stewardship, Tucows has navigated significant changes in
both our business and industry and I am grateful for all of the
contributions he has made."
"I've thoroughly enjoyed my time as part of the Tucows
leadership team and am proud of the many contributions we made to
build the company," said Mr. Singh. "I look forward to continuing
to champion Tucows' trajectory from the sidelines."
As new CFO, Ivanov will report to Elliot
Noss and brings over 22 years of industry experience to this
role. Prior to Tucows, he served as Executive Director and business
unit CFO at Verizon, where he led both consumer and business
finance teams. Ivan began his career at Verizon on the M&A and
Corporate Development team, progressing to a variety of other
financial specialties, including cash flow planning, network and IT
capital allocation, and commercial finance, where he led Verizon's
fiber deployment program.
"I am delighted to assume the Chief Financial Officer position
at Tucows," added Ivan Ivanov. "The
company is at a pivotal moment, and what's compelling to me is the
great opportunity to leverage my skills and experience to advance
Tucows' mission and drive long-term growth and value for our
stakeholders."
Ivanov has a Master of Accounting from Seton Hall University and is a Chartered
Professional Accountant with New Jersey State Board of Accountancy.
He is also a graduate of Drexel
University with a Bachelor of Arts in Finance.
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 25 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.
This release includes forward-looking statements as that term
is defined in the U.S. Private Securities Litigation Reform Act of
1995, including statements regarding our expectations regarding our
future financial results and, including, without limitation, our
expectations regarding our ability to realize synergies from the
Enom acquisition and our expectation for growth of Ting Internet.
These statements are based on management's current expectations and
are subject to a number of uncertainties and risks that could cause
actual results to differ materially from those described in the
forward-looking statements. Information about other potential
factors that could affect Tucows' business, results of operations
and financial condition is included in the Risk Factors sections of
Tucows' filings with the Securities and Exchange Commission. All
forward-looking statements should be evaluated with the
understanding of their inherent uncertainty. All forward-looking
statements are based on information available to Tucows as of the
date they are made. Tucows assumes no obligation to update any
forward-looking statements, except as may be required by
law.
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SOURCE Tucows Inc.
