Mark Leonard conducted a conference -call about the influence of AI a few days before resignation for health reasons.
Constellation Software Founder and Executive Director Mark Leonard resigned after 30 years in the company this week, referring to health reasons. The price of a program giant has not been restored.
Leonard, who founded the company 30 years ago, will remain on the board. Mark Miller, who joined the company in 2001, was appointed president. Miller previously headed Volaris Group, a Constellation unit, focused on acquisition.
Constellation is a global software supplier in a number of industries. The company acquires, manages and creates other software companies.
In his statement, Leonard said that he was the “full trust” board in Miller's ability to provide the Contental Business Plan.
“I can think that no one is more experienced, knowing and capable of leading the company at present,” said Leonard.
“On behalf of the board and all Constellation employees, I would like to wish to mark a complete and quick recovery,” said John Billovit, chairman of the constellation Council in a statement. “His far -sighted leadership, humility and wisdom inspired countless leaders and constellations to create what has become a truly exceptional global software company.”
This news appeared a few days after Leonard conducted a conference -ceiling with Constellation investors on the influence of artificial intelligence (AI) on the software industry. During the call, Leonard warned investors that it was difficult to predict the future technology, and assured them that Constellation uses AI and carefully monitors the development, according to Globe and mailField
The price of Constellation shares decreased by about five percent after the call. After the company announced a sharp resignation of Leonard on Thursday, the shares fell by 10 percent. Today it closes on the market, it was at the lowest level of the year, bargaining at $ 3660 on the Toronto Stock Exchange.
Leonard founded Constellation in 1995 after working in the venture capital industry for more than ten years to collect a portfolio of developer companies that dominated their appropriate verticals. He compared with Warren Buffett For his role in turning the constellation into a technical jaggernaut.
The company is one of the largest state technological companies in Canada with a market capitalization of about $ 82 billion. In his last profit, the company's income grew by 15 percent a year after a year to $ 2.84 billion. He has more than 125,000 customers in more than 100 countries.
The constellation launched Venture fund 200 million dollars In 2021, VMS Ventures – to find potential acquisition goals. Senior Vice -President Farley Nogobe said The Globe and Mail last year that the company was Aiming at technical companies With all his might, trying to become profitable after the meeting of venture dollars.
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