ShiftPixy Appoints Patrice H. Launay as Chief Financial Officer
January 24 2018 - 8:00AM
ShiftPixy, Inc. (NASDAQ:PIXY), a developing, proprietary next-gen
technology platform for workforce engagement and management, today
announced the appointment of Patrice H. Launay as Chief Financial
Officer, effective immediately. Mr. Launay succeeds Stephen
DeSantis who resigned from the Company as reported on October 5,
2017.
Scott W. Absher, Chief Executive Officer of
ShiftPixy stated, “The Board and I are very excited about Patrice
joining ShiftPixy as our new CFO. His exemplary skills and deep
experience in accounting along with his astute business acumen make
him the right person to lead our finance team.”
Mr. Launay comes to ShiftPixy with an extensive
accounting background, having served as an audit manager for
various large regional and multinational accounting firms. He
began his career at PricewaterhouseCoopers (PwC) where he spent six
years in Paris and Los Angeles. He then spent two years at
Groupe Roullier as Corporate Controller, and the following two
years as an audit Manager for the City Auditor Office of the City
of Long Beach, California, where he led several audits to help
prevent and deter fraud within the city’s programs. From 2011
to 2016 Mr. Launay worked for BDO USA and was involved in the
audits of several listed and non-listed companies in the US and
Australia. Immediately before joining ShiftPixy, he served as
a financial and accounting manager for RxSight, Inc., providing
month-end close assistance, designing and implementing effective
controls, and drafting accounting procedures. Mr. Launay
holds a master’s degree from the Business School of Tours (ESCEM)
France with a major in Finance and Accounting, is a Certified
Public Accountant (Active) and a Certified Fraud Examiner
(Inactive), and holds a Series 65 securities license.
Mr. Launay stated, “The ShiftPixy story is one
of rapid growth and incredible potential, and I am excited to join
the Company at this early stage in its evolution. I look
forward to applying my skillset to help Scott and the team as we
create a world-class operation.”
About ShiftPixyShiftPixy is a
disruptive human capital management (HCM) services provider,
revolutionizing employment in the Gig Economy by delivering a
next-gen platform for workforce management that helps businesses
with shift-based employees navigate regulatory mandates, minimize
administrative burdens and better connect with a ready-for-hire
workforce. With expertise rooted in management’s nearly 25 years of
workers’ compensation and compliance programs experience, ShiftPixy
adds a needed layer for addressing compliance and continued demands
for equitable employment practices in the growing Gig Economy.
ShiftPixy’s complete HCM ecosystem is designed to manage regulatory
requirements and compliance in such required areas as paid time off
(PTO) laws, insurance and workers’ compensation, minimum wage
increases, and the Affordable Care Act (ACA) compliance.
ShiftPixy Cautionary
StatementThe information provided in this release includes
forward-looking statements, the achievement or success of which
involves risks, uncertainties, and assumptions. Although such
forward-looking statements are based upon what management of the
Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate. If any of the risks or uncertainties, including those set
forth below, materialize or if any of the assumptions proves
incorrect, the results of ShiftPixy, Inc., could differ materially
from the results expressed or implied by the forward-looking
statements we make. The risks and uncertainties include, but
are not limited to, risks associated with the nature of our
business model; our ability to execute the Company's vision and
growth strategy; our ability to attract and retain clients; our
ability to assess and manage risks; changes in the law that affect
our business and our ability to respond to such changes and
incorporate them into our business model, as necessary; our ability
to insure against and otherwise effectively manage risks that
affect our business; competition; reliance on third-party systems
and software; our ability to protect and maintain our intellectual
property; and general developments in the economy and financial
markets. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's
estimates or opinions should change, except as required by
applicable securities laws. The information in this press
release shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, and will not
be deemed an admission as to the materiality of any information
that is required to be disclosed solely by Regulation FD.
Further information on these and other factors that could affect
the financial results of ShiftPixy, Inc., is included in the
filings on Forms 1-A and 10-K and in other filings we make with the
Securities and Exchange Commission from time to time. These
documents are available on the "SEC Filings" subsection of the
"Investor Information" section of our website at
https://ir.shiftpixy.com/financial-information/sec-filings.
Consistent with the SEC’s April 2013 guidance on
using social media outlets like Facebook and Twitter to make
corporate disclosures and announce key information in compliance
with Regulation FD, ShiftPixy is alerting investors and other
members of the general public that ShiftPixy will provide updates
on operations and progress required to be disclosed under
Regulation FD through its social media on Facebook, Twitter,
LinkedIn and YouTube. Investors, potential investors, shareholders
and individuals interested in our Company are encouraged to keep
informed by following us on Facebook, Twitter, LinkedIn and
YouTube.
CONTACT: Media:Sam
EiseleSam.Eisele@icrinc.com(646) 277-1271
Investors: InvestorRelations@shiftpixy.com (800)
475-3655
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