Copperleaf Announces Executive Leadership Transition Plan, CEO Judi Hess to Transition to Vice-Chair and Chief Strategist

Tuesday, September 6, 2022

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Judi Hess, Copperleaf CEO, will transition to new roles of Vice-Chair of the Board and Chief Strategist effective January 1, 2023
Effective January 1st 2023, Paul Sakrzewski will become CEO based in Vancouver
Effective September 6th 2022, Paul Sakrzewski appointed as a Director of the Board

Vancouver, BC, September 6, 2022--(T-Net)--Copperleaf Technologies Inc. (TSX: CPLF ), a leading provider of enterprise decision analytics software solutions, today announced key strategic leadership transitions to accelerate its business growth.

The Company's President Paul Sakrzewski will join the Board of Directors effective September 6, 2022 and will transition to the CEO role effective January 1, 2023.

Judi Hess, Copperleaf's current CEO, will be appointed Vice-Chair of the Board and Chief Strategist following the transition. With the appointment of Mr. Sakrzewski, the Board now comprises seven directors, five of whom are independent.

Judi Hess, CEO, Copperleaf Technologies

Judi Hess, CEO of Copperleaf said, "Paul is a talented and accomplished technology executive with deep global experience in enterprise software, making him uniquely suited to take on the CEO role and lead the next period of growth for Copperleaf. He has been at the helm of our successful global go-to-market and strategy team, focused on driving our sales, marketing, services, and support teams to advance the Company's overall vision. Having worked with Paul for many years, I have the utmost confidence in his abilities to lead Copperleaf into our next chapter of growth and I look forward to working closely with him to ensure a smooth transition."

"With the completion of our IPO, Copperleaf is well capitalized for the next phase of our growth. Now is the ideal time for me to transition from my role as CEO to focus on my passion for strategy focused on maximizing Copperleaf's global potential. Innovation is in our DNA at Copperleaf and I'm truly excited to work with Paul to continue developing business and product strategies to expand our leadership position in the growing decision analytics market." Ms. Hess added.

Amos Michelson, Chair of the Board, Copperleaf Technologies

Amos Michelson, Chair of the Board noted, "Over her more than 13 years as CEO, Judi has been instrumental in developing our solutions, financing the company, implementing our go-to-market strategy and leading Copperleaf to become the premier investment planning and decision analytics solution provider globally. We look forward to continuing to drive our growth with Judi as Vice-Chair of the Board and Chief Strategist. I would also like to welcome Paul to his new role as a Director, and future CEO. Paul's track record successfully building our Asia Pacific and Japan business, while providing strong leadership across our organization, made him the ideal candidate to lead Copperleaf through our next phase of growth."

Paul Sakrzewski, President and Director, Copperleaf Technologies

"Companies across the globe are focused on making investment decisions that deliver the highest business value," commented Paul Sakrzewski, President and incoming CEO. "I've had the privilege of seeing first-hand how Copperleaf's solutions create that value for clients. Under Judi's leadership, Copperleaf has emerged as a global leader in the investment planning and decision analytics software market. I look forward to working with Judi to further develop and grow the business while ensuring a seamless transition. I'm truly excited to build on the Company's great foundation, strategy, and culture, alongside our industry-leading team as we continue to deliver innovation to our clients."

Paul joined Copperleaf in 2018 and has successfully built the Company's Asia Pacific and Japan (APJ) team and business, establishing Copperleaf as a premier technology solution provider in the region.

Leading the APJ region, Paul delivered 21% of Copperleaf's revenue in 2021, while providing extraordinary leadership and support to teams and the growing group of clients and partners in the region. Prior to joining Copperleaf, Paul held regional and global executive positions at blue-chip multinational companies such as SAP, the Linde Group, BOC, Ingram Micro, and Goodman Fielder.

About Copperleaf

Copperleaf provides enterprise decision analytics software solutions to companies managing critical infrastructure. We leverage operational and financial data to empower our clients to make investment decisions that deliver the highest business value. What sets us apart is our commitment to providing extraordinary experiences, shaped by people who care deeply, products that deliver exceptional value, and partnerships that stand the test of time. Copperleaf is a patron of The Institute of Asset Management and actively participates in shaping the future of asset management standards, including ISO 55000. Headquartered in Vancouver, Canada, our solutions are distributed and supported by regional staff and partners worldwide. Together, we are transforming how the world sees value.

For more details, visit https://www.copperleaf.com/

Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws in Canada. [ MORE ]

Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws in Canada.

Forward-looking information may relate to our future business, financial outlook, and anticipated events or results, and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding our expectations of future results, performance, achievements, prospects, or opportunities, or the markets in which we operate, is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "financial outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "does not anticipate", "believes", or variations of such words and phrases, or statements that certain actions, events, or results "may", "could", "would", "might", "will", "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, intentions, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding possible future events or circumstances.

Forward-looking information may include, among other things: (i) the Company's expectations regarding its financial performance, including among others, revenue, gross profit, expenses, Adjusted EBITDA; (ii) the Company's expectations regarding industry trends, addressable market growth, overall market growth rates, and growth rates and growth strategies; (iii) our business plans and strategies; (iv) the continued success of our commercial model; (v) our expectations regarding growth in our customer base, our ability to retain customers and increase margin per customer; (vi) acceleration in the growth and adoption of new technologies; (vii) relationships with our technology partners; (viii) our ability to continue to attract and retain talent; (ix) our competitive position in our industry; and (xi) and the long-term impact of COVID-19 on our business, financial position, results of operations and/or cash flows.

Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that we considered appropriate and reasonable as at the date such statements are made, and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk factors described in our Q3 2021 MD&A and under "Risk Factors" within the Company's IPO prospectus (the "Prospectus"). A copy of the Prospectus can be accessed under our profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as at the date made.

In addition, forward-looking financial information with respect to potential outlook and future financial results contained in this press release are based on assumptions about future events including economic conditions, the assumptions noted above and proposed courses of action, based on management's reasonable assessment of the relevant information available as at the date of such forward-looking information. Readers are cautioned that any such forward-looking financial information should not be used for purposes other than for which it is disclosed.

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Company Snapshot

Copperleaf

Vancouver, BC (InfoTech)
100-499 Employees In BC (100-499 Employees Total)
Founded: 2000

Copperleaf is a global provider of decision analytics. We leverage operational and financial data to empower organizations to manage risk, improve performance, and deliver the highest value to stakeholders.

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