The Toronto-headquartered information-technology company has appointed chief operating officer Andrew Caprara as president and he is slated to become CEO following the company’s annual general meeting, likely to be held at the end of May. (The Logic)

Talking point: Outgoing president and CEO Vince De Palma will become executive chair for one to two years, subject to shareholder approval. The current board chair, Félix-Etienne Lebel, will become lead independent director. The changes follow “an extended board-led succession planning process,” Lebel said in a statement, calling Caprara “the right leader to drive the next stage of Softchoice’s growth and evolution.” The company was among a slew of innovation-economy firms to go public in 2021 (for Softchoice, the IPO was a return to public markets), and is one of few from that class whose stock has traded above its IPO price of $20 for much of the time since. That changed recently, as Softchoice shares reached a 52-week low of $13.57 on Dec. 6 before closing up at $18 Wednesday.