TORONTO, June 11, 2026 (GLOBE NEWSWIRE) – NowVertical Group Inc. (TSX-V: NOW) (“NowVertical” or the “Company”), a provider of data and AI solutions and services, today announced that the Company’s board of directors (the “Board”) has appointed Andre Garber, the Company’s Chief Development Officer, as Interim Chief Executive Officer of the Company, effective immediately.
To support a new and exciting phase of growth, supported by NowVertical’s purposeful positioning and supported by industry tailwinds, the Board of Directors, led by Chairman Elaine Kunda, has initiated a search for a permanent CEO. The Board expects that the company’s next permanent leader will have experience and expertise in leading conversations around enterprise data and AI transformation, while continuing to profitably scale a global multi-geographic services company and drive both M&A integration and organic growth.
As co-founder of the company and its CDO, Mr. Garber has played an important stewardship role during times of transition at the company. He will be supported in his role by NowVertical’s strong and experienced senior leadership team, including industry leaders Santiago Trógolo, EVP LATAM and Shailesh Mallya, EVP Solutions & Services, as well as Pankaj Ghag, EVP Program Delivery and Operations.
“In a dynamic and ever-evolving business environment, the Board of Directors has maintained an established track record of ensuring NowVertical has the right leadership in place to support business growth,” said Elaine Kunda, Chairman of the Board of Directors. “We are grateful to Andre for his continued stewardship as we transition to new leadership at an exciting time in our history as a company.”
“Our customers, employees and shareholders can rest assured that our team remains focused on capitalizing on the exciting opportunities ahead,” said Andre Garber, interim CEO. “Our business remains strong and we continue to announce the achievement of new milestones. We remain well positioned to continue to meet the strong and growing demand for AI-infused solutions and delivery.”
NowVertical also announced that the company’s former CEO, Sandeep Mendiratta, has ended his tenure as CEO.
About nuVertical Group Inc.
NowVertical is a global data and analytics company that helps customers quickly turn data into tangible business value with AI. By offering a comprehensive suite of solutions and services, the company enables customers to quickly realize the full potential of their data, delivering measurable results and accelerating potential return on investment. Companies optimize decision making, improve operational efficiency, and unlock long-term value from their data using the company’s first- and third-party AI-infused technologies. The company’s scalable, AI-based delivery model enables the company to efficiently deliver data, analytics and AI solutions and services across industries and geographies.
For more information about NowVertical, please visit http://www.nowvertical.com.
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 this release.
For more information please contact:
Andre Garber, interim CEO
IR@nowvertical.com
+1(647)947-0223
Investor Relations:
Bristol Capital Ltd.
Stefan Eftychiou
stefan@bristolir.com
+1(905)326-1888×60
Forward-Looking Statements
This press release may contain forward-looking statements and forward-looking information (within the meaning of applicable securities laws) that reflect the Company’s current expectations regarding future events, including statements about the opportunities available to the Company, customer revenue opportunities, opportunities to capitalize on strategic accounts, the Company’s ability to grow its revenue and the potential benefits and the Company’s ability to identify a full-time CEO. All statements in this press release that are not purely historical statements of fact are forward-looking statements and include statements regarding the Company’s expected revenue growth, the continued success and expected benefits of the Company’s current positioning, the Company’s expected revenue, the Company’s search for a full-time CEO and any statements regarding the Company’s beliefs, plans, expectations, future, strategy, goals and objectives. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors that management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct.
Forward-looking statements generally can be identified by the use of forward-looking words such as “may,” “should,” “will,” “could,” “intend,” “estimate,” “plan,” “anticipate,” “expect,” “believe” or “continue,” or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from any estimated future results, performance or achievements expressed or implied by the forward-looking statements, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; changes in regulations and legislation; inability to obtain required future financing on appropriate terms; any inability to realize the expected benefits and synergies from the Company’s collaboration with Google; that market competition may affect the Company’s operations, results and financial condition and other risk factors identified in documents filed by the Company under its profile on http://www.sedarplus.comincluding the Company’s management’s discussion and analysis for the year ended December 31, 2025 and subsequent filings. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed on them as unknown or unpredictable factors could have material adverse effects on the Company’s future results, performance or achievements. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from those described herein as intended, planned, expected, assumed, estimated or anticipated.
All forward-looking statements in this press release are qualified by the foregoing cautionary statements, and there can be no assurance that the results or developments we expect will be realized or, even if materially realized, that they will have the expected consequences or effects on our business, financial condition or results of operations. Unless otherwise stated or the context otherwise indicates, the forward-looking statements contained herein are made as of the date hereof, and the Company does not intend, and assumes no obligation, to update the forward-looking statements, except as otherwise required by applicable law.
