A prominent presence in the global automotive industry, Terrance William Smith founded TWS Worldwide and led the company as CEO for 50 years. He established the firm and business model in Canada in 1978 and guided it to sustained expansion, as it transformed a fragmented secondary vehicle market into one that facilitated cross-border deals and the shifting of inventory to various countries and regions. Terrance William Smith also oversaw a major banking operation that had currency exchange capacities and extended letters of credit to valued partners, from OEM distributions to automotive manufacturers.
Mr. Smith’s legacy is one of bringing structure, institutional planning, and compliance to the international automotive trade. His team collaborated integrally with government agencies and high-profile organizations in ensuring the seamless distribution of quality secondary market inventory. This drove consistent year-to-year growth across a multi-million dollar revenue group of companies.
Mr. Smith garnered a reputation for regulatory mastery, as he streamlined operations in ways that reflected customs protocol and the rules of foreign trade. His early adoption of leading edge technologies ensured his firm stayed a step ahead in a competitive marketplace. A testament to his innovation, he developed globally interoperable systems that are still in use within the industry to this day.