Mr. Timothy O'Day reports

BOYD GROUP SERVICES INC. ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER

Boyd Group Services Inc. has appointed Jeff Murray as executive vice-president and chief financial officer, effective immediately. Mr. Murray has served as interim chief financial officer since Jan. 1, 2023.

"Since the beginning of 2023, Jeff has been able to seamlessly take on the position of interim CFO, and we are pleased to appoint him as permanent CFO," said Timothy O'Day, president and chief executive officer of the Boyd Group. "Jeff's significant knowledge of the business along with his strong background in accounting and finance support the continued execution of our priorities. Having been with Boyd for over 18 years, Jeff brings incredible depth of knowledge and understanding of our organization into the CFO role. Along with the entire leadership team, I am excited to continue to work closely with Jeff, as we continue to grow our business, with the goal of doubling the size of the business over the five-year period from 2021 to 2025, based on 2019 revenues," added Mr. O'Day.

Mr. Murray joined the finance team at Boyd in 2004 as the manager of external financial reporting. Prior to joining the Boyd Group, Mr. Murray worked for a decade at the accounting firm Ernst & Young LLP delivering audit, tax and information technology assurance services. Since Jan. 1, 2013, he has held the role of vice-president, finance, at Boyd being primarily responsible for accounting, tax, risk, disclosure, governance and internal controls. Mr. Murray has a bachelor of commerce (honours) degree from the University of Manitoba and is a chartered professional accountant.

"Over the past months as interim CFO, I have had the opportunity to continue to learn and add value at Boyd. I am extremely excited to be taking on this role in a permanent capacity," added Mr. Murray. "I look forward to working with Tim and the rest of the executive team as we continue growing the business and creating value for our shareholders."

About Boyd Group Services Inc.

Boyd Group Services is a Canadian corporation and controls The Boyd Group Inc. and its subsidiaries. Its shares trade on the Toronto Stock Exchange (TSX) under the symbol BYD.TO.

About The Boyd Group Inc.

Boyd Group is one of the largest operators of non-franchised collision repair centres in North America in terms of number of locations and sales. The company operates locations in Canada under the trade names Boyd Autobody & Glass and Assured Automotive as well as in the United States under the trade name Gerber Collision & Glass. In addition, the company is a major retail auto glass operator in the U.S. with operations under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly. The company also operates a third party administrator, Gerber National Claims Services (GNCS), that offers glass, emergency roadside and first notice of loss services.

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