Constellation Software Inc. Announces Mark Leonard’s Decision to not Stand for Re-Election to Board of Directors
Summarize this article with:
This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentTORONTO, March 27, 2026 (GLOBE NEWSWIRE) — Constellation Software Inc. (TSX:CSU) (“Constellation”) announced today that Mark Leonard, the founder and former President of Constellation, will not stand for re-election to the Board of Directors. His current term will conclude following Constellation’s annual meeting of shareholders on May 15, 2026.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentMr. Leonard will continue to serve as an advisor to Constellation, with a particular focus on supporting the company’s Permanent Engaged Minority Shareholder (“PEMS”) strategy—an initiative centered on selective, long-term, and engaged minority investments that complement Constellation’s longstanding acquisition model.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentMark Miller, President of Constellation, stated:Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“Over more than three decades, Mark built Constellation into one of the world’s most distinctive and successful software companies. From a small Toronto office, he developed a global portfolio of businesses and a deeply capable management culture operating across more than 150 countries.Article content“Equally important, Mark established a philosophy and operating discipline that will endure. His emphasis on decentralized leadership, developing and sharing best practices, long-term value creation, and the development of exceptional managers continues to define how we run the business.”Article content“While we will miss Mark’s presence in the boardroom, we are fortunate that he will remain engaged as an advisor. His perspective and investment expertise will be particularly valuable as we continue to expand our PEMS strategy.Article contentJohn Billowits, Chairman of the Board, said:Article content“Mark’s influence on Constellation’s culture and capital allocation discipline is foundational and enduring. The Board remains confident in the Company’s strategy and leadership continuity.”Article contentArticle contentIn his April 2018 President’s Letter, Mr. Leonard described his motivation:Article content“You may have noticed that I deferred the ‘why are we doing this?’ question. The answer to that is personal to each of us who are involved in Constellation. My motivation is to help create a company where worthy people succeed. Whether they join us through an acquisition or are hired externally, I want to support and encourage employees who work hard, treat others well, continuously learn, and share best practices.”Article contentThat aspiration has been realized in the company he built. On behalf of the Board and the entire Constellation community, we express our deep gratitude to Mark for his extraordinary leadership and enduring contributions. We wish him the very best in the years ahead.Article contentAbout Constellation:Article contentConstellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation Software acquires, manages and builds vertical market software businesses.Article contentContact:Article contentJamal BakshChief Financial Officer 416-861-9677Article contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending This TSX stock was a top gainer on the week with a 40% upside possible based on its growing market share, analyst says Investor Trump’s signature to appear on U.S. currency, breaking precedent Economy Why waiting to lock in your variable rate often backfires Mortgages Markets could be making the wrong call on interest rates Investor Canadian quantum stock Xanadu jumps in first day of trading on Nasdaq Innovation Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. This TSX stock was a top gainer on the week with a 40% upside possible based on its growing market share, analyst says Investor Trump’s signature to appear on U.S. currency, breaking precedent Economy Why waiting to lock in your variable rate often backfires Mortgages Markets could be making the wrong call on interest rates Investor Canadian quantum stock Xanadu jumps in first day of trading on Nasdaq Innovation