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1h ago

Constellation Software Names COO Mark Miller President After Mark Leonard Resigns

The board elevated longtime COO Mark Miller to signal continuity in the company's succession plan.

Lisa Melchior, managing partner and founder of Vertu Capital, Canada’s first private equity firm founded by a woman, right, is pictured with Mark Leonard, CEO of Constellation Software, at the 2022 Canadian Venture Capital and Private Equity Association’s annual conference in Ottawa.

Overview

  • Founder and president Mark Leonard resigned effective immediately for health reasons, the company said.
  • The board appointed Chief Operating Officer Mark Miller as president, and his other roles will remain unchanged.
  • Leonard will continue to serve as a director on Constellation’s board.
  • Chairman John Billowits wished Leonard a swift recovery, and Leonard expressed confidence in Miller and the executive team.
  • Constellation shares were down about 8% in early Toronto trading following the announcement; the stock trades as CSU on the TSX.