Vancouver-based car-share co-operative Modo is seeking a new top executive following longtime CEO Patrick Nangle announcing his plan to retire at the end of June.
"The recruiting process is underway," Modo board chair Ruth Legg told BIV. "The posting is coming out this week, I believe, so it should be live very soon."
She said her company is seeking someone who shares its values, and that it has enlisted recruiter PFM Executive Search to conduct a global hunt for a strong leader.
"Modo has a social purpose," she said. "Our purpose is to transform communities by connecting people in places in a way that's affordable, convenient, inclusive and sustainable."
She added that her co-operative is also seeking someone who is a visionary, entrepreneurial, and who is going to help Modo maintain its brand presence while expanding its operations to new areas of the province.
Modo's approximately 30,000 members can access approximately 1,000 vehicles to make two-way trips in 25 municipalities across B.C. Most of those vehicles are in the Lower Mainland.
Nangle joined Modo in 2016, when he was 56 years old. He had experience as CEO at Purolator, which had about $1.6 billion in annual revenue, so it was a step down to take a job as a top executive at a company that then had 40 employees and a budget of about $10 million.
"It is, I would say, probably largely retirement," Nangle told BIV of his rationale for leaving. "It doesn't mean that I'm not going to do anything, but I've nothing planned for the time being."
Despite Nangle stating his plan to leave the company on June 30, Legg said that she believes that he could be "flexible."
"We're hopeful that we'll find someone by the summer," she said. "We don't have an exact date right now when we're going to close it."
It is possible that Nangle could stay on as an advisor to the new CEO for a brief overlap period, she said.
