11:28 AM EST, 12/02/2024 (MT Newswires) -- Boyd Group Services ( BYDGF ) on Monday said Timothy O'Day would step down as the auto-body repair company's chief executive officer effective May 14, 2025, and will be succeeded by Brian Kaner, Boyd's current chief operating officer.

O'Day has served on Boyd Group's board since 2012 and took on the role of CEO in 2020. He initially joined Gerber Collision & Glass in February of 1998 and was appointed chief operating officer of Boyd's U.S. Operations when Boyd Group acquired Gerber in 2004.

"This leadership transition provides a logical opportunity for Boyd to announce the company's next long term growth goal in early 2025, as Brian prepares to lead the company through its next phase of growth and development," said O'Day.

Kaner joined Boyd in October, 2022, as chief operating officer for Boyd's Collision Operations and was previously the CEO of Pep Boys & Icahn Automotive Services.

The company's shares were last seen up $0.02 to $216.08 on the Toronto Stock Exchange.

Price: 216.08, Change: +0.02, Percent Change: +0.01