Avante Logixx Inc. announced that it has entered into agreements with its larger shareholder, being certain subsidiaries of Fairfax Financial Holdings Limited and Emmanuel Mounouchos, the founder and a significant shareholder of the Company, in connection with which certain changes to the board of directors of the Company have been implemented. The New Board has appointed Emmanuel Mounouchos as Co-Chief Executive Officer of the Company, a role he has held previously, effective immediately. For over 35 years Emmanuel (Manny) Mounouchos has been a key figure in the Canadian security industry.

He is a member of various Canadian security associations including ASIS Canada and Canadian Security Association (CANASA), Manny stepped down from his role as Co-CEO of Avante in 2015 before rejoining Avante in 2018. He is the former owner of Sissano Holdings, a shipping company based in Cyprus. He was the sole owner of the Toronto Patriots Junior A Hockey team (2015-2019), which ranked sixth in Canada.

During his ownership, sixteen team members received scholarships from various universities in Canada and the US. Manny has been involved as an advisor and board member in diverse businesses in a variety of fields, including neuro-medicine technology, predictive analytic technology, personal location tracking, and ELD fleet tracking.