Devencore Founder Selling Shares, Leaving Company

MONTREAL-Devencore founder and chairman Philip O’Brien is selling his stake in the privately held tenant services firm and leaving to become someone the company would not represent: a developer. On the eve of the company’s 31st anniversary, O’Brien says he is leaving to pursue urban development projects.

“I am confident that this will be a smooth, natural transition and that Devencore is in a very good position to pursue its growth,” says O’Brien. “I myself am looking forward to turning my sights to various promising city-core planning and development projects that could not be undertaken under the aegis of Devencore, whose primary mission is to work exclusively on behalf of space users.”

Having originally started Devencore with a team of five, O’Brien leaves behind him a business that has grown to over one hundred employees in four offices across Canada. When O’Brien leaves at the end of the month, company president and CEO Jean Laurin will add chairman of the board to his list of duties.