Atlas Financial Holdings, Inc. (NASDAQ: AFH) (“Atlas” or the
“Company”) announced today that it added an additional independent
director, Ronald Konezny, to the Company’s Board.
Mr. Konezny is currently the CEO and a director of Digi International
(NASDAQ: DGII), a leading provider of Internet of Things solutions to
industrial and commercial clients worldwide. During his tenure as Chief
Executive, profitability has improved to sustainable double-digit
levels, recurring revenue business has expanded, and multiple successful
acquisitions have been completed.
Prior to joining Digi, Mr. Konezny co-founded PeopleNet, a leading
provider of telematics solutions, professional services, and analytics
to the North American transportation industry. Under his leadership,
PeopleNet grew from a start up to a leader in North American fleet
management solutions and ultimately was acquired by Trimble Navigation
Limited (NASDAQ: TRMB). Subsequent to the acquisition, as an executive
of Trimble, Mr. Konezny lead organic growth of more than 20% annually,
expanded operating margins and successfully orchestrated several
acquisitions to build the Transportation & Logistics franchise.
Mr. Konezny graduated with honors from Northwestern University with a BA
degree in Economics and was a Phi Eta Sigma nominee.
Atlas Chairman Gordon G. Pratt said, “We are so pleased to welcome
Ronald Konezny to our Board of Directors. An early pioneer and
entrepreneur in technology applied to in-vehicle operations, Ron brings
a wealth of experience. He has served as an executive and a director,
and his strong technical perspective is a valuable asset both for Atlas’
current business and for our future.”
The primary business of Atlas is commercial automobile insurance in the
United States, with a niche market orientation and focus on insurance
for the “light” commercial automobile sector including taxi cabs,
non-emergency para-transit, limousine/livery (including certain
transportation network company drivers) and business auto. The business
of Atlas is carried on through its subsidiaries American Country
Insurance Company, American Service Insurance Company, Inc., Gateway
Insurance Company, Global Liberty Insurance Company of New York, Anchor
Group Management, Inc., Plainview Premium Finance Company, Inc., and
Plainview Premium Finance Company of California, Inc. Atlas’ insurance
subsidiaries have decades of experience with a commitment to always
being an industry leader in these specialized areas of insurance.
For more information about Atlas, please visit www.atlas-fin.com.
This release includes forward-looking statements regarding Atlas and its
insurance subsidiaries and businesses. Such statements are based on the
current expectations of the management of each entity. The words
“anticipate”, “expect”, “believe”, “may”, “should”, “estimate”,
“project”, “outlook”, “forecast” or similar words are used to identify
such forward looking information. The forward-looking events and
circumstances discussed in this release may not occur and could differ
materially as a result of known and unknown risk factors and
uncertainties affecting the Companies, including risks regarding the
insurance industry, economic factors and the equity markets generally
and the risk factors discussed in the “Risk Factors” section of the
Company’s 2017 Annual Report on Form 10-K. No forward-looking statement
can be guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are
made and Atlas and its subsidiaries undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result of
new information, future events, or otherwise.
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