Staffing 360 Solutions Hires Mark Darby as President of Professional Staffing (UK) and appoints Rob Slaney as Group Finance D...
March 06 2018 - 04:00AM
Staffing 360 Solutions, Inc. (NASDAQ:STAF) (“STAF
360” or “the Company”), a staffing solutions company executing a
global buy-and-build strategy in the US and the UK, today announced
that it hired Mark Darby as President of its Professional Staffing
(UK) segment, effective April 1, 2018. Mr. Darby will lead
STAF 360’s subsidiaries CBSbutler, The JM Group, and Longbridge
Recruitment 360, and will join the Company’s Executive Committee.
He will report directly to Brendan Flood, STAF 360’s Chairman and
CEO.
Mr. Darby has over 20 years of experience in the
professional staffing industry. From 2005-2015, he held
leadership positions with Kellan Group Plc, an AIM listed
multi-sector professional staffing business. At Kellan Group,
Mr. Darby led several restructuring and growth initiatives that
turned around the business from a significant loss to profitability
in 2015. As a result, he was appointed Group COO and
Executive Board member in 2015.
From 1997-2001, he managed his own staffing
business, Professional IT Search & Selection Limited, operating
in the IT and software sectors, which he sold to Parity Group Plc,
a UK based, £170 million revenue international staffing and
software services company. At Parity, Mr. Darby was
responsible for permanent recruitment on a national basis and new
business contractor growth for London, a £45 million revenue
business segment. He led a team of 120 consultants and business
managers across 6 UK locations.
Of note, in December 2017, STAF 360 was
re-organized into three distinct business segments:
Commercial Staffing (US), Professional Staffing (UK) and
Professional Staffing (US), each to be led by a dedicated
President. At the time of the re-organization, Paul Polito
was named President of the Commercial Staffing (US) segment.
An executive search remains underway for the Professional Staffing
(US) segment, which in the interim, will continue to be led by Mr.
Flood.
Brendan Flood, Chairman and CEO of STAF 360,
commented, “Mark’s extensive experience in the professional
staffing industry will be a very valuable asset to our team as we
work towards advancing our goal of profitably growing our business,
both organically and through acquisitions and becoming a $500
million revenue company within the next two years. I look
forward to working with Mark for years to come.”
“I have been watching the progress of Staffing
360 Solutions with interest and I am delighted to become part of
this story, working with the team in the UK to drive this business
forward. We have three exciting brands, talented management teams,
and a strong client service culture,” stated Mark Darby.
Rob Slaney, who is the Finance Director of the
newly acquired CBSbutler business, has been promoted to Group
Finance Director (UK) with financial responsibility for all three
of STAF 360’s subsidiaries in the UK. Prior to joining CBSbutler,
Rob was Group Financial Controller at Empresaria Group plc, a
multibrand, multinational staffing company delivering over $300
million in revenue.
About Staffing 360 Solutions,
Inc.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) is a
public company in the staffing sector engaged in the execution of a
global buy-and-build strategy through the acquisition of domestic
and international staffing organizations in the US and UK. The
Company believes the staffing industry offers opportunities for
accretive acquisitions that will drive its annual revenues to $500
million. As part of its targeted consolidation model, the Company
is pursuing acquisition targets in the finance and accounting,
administrative, engineering and IT staffing space. For more
information, please visit: www.staffing360solutions.com.
Follow Staffing 360 Solutions on Facebook,
LinkedIn and Twitter.
Forward-Looking Statements
Certain matters discussed within this press
release are forward-looking statements including, but not limited
to the timing and ability to enter into any additional acquisitions
and expand our business, as well as the size of future revenue or
trading volume or future access to capital markets. Although
Staffing 360 Solutions, Inc. believes the expectations reflected in
such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be
attained. Specifically, in order for the Company to achieve
annualized revenues of $500 million, the Company will need to
successfully raise sufficient capital, to consummate additional
target acquisitions, successfully integrate any newly acquired
companies, organically grow its business, successfully defend any
potential future litigation, as well as various additional
contingencies, many of which are unknown at this time and generally
out of the Company's control. The Company can give no assurance
that it will be able to achieve these objectives. Staffing 360
Solutions does not undertake any duty to update any statements
contained herein (including any forward-looking statements), except
as required by law. Factors that could cause actual results to
differ materially from expectations include general industry
considerations, regulatory changes, changes in local or national
economic conditions, our ability to access the capital markets on
terms acceptable to us, or at all, our ability to comply with our
contractual covenants, including in respect of our debt and other
risks detailed from time to time in Staffing 360 Solutions' reports
filed with the SEC, including quarterly reports on Form 10-Q,
reports on Form 8-K and annual reports on Form 10-K.
Contacts:
Staffing 360 Solutions,
Inc.Brendan Flood, Chairman and
CEObrendan.flood@staffing360solutions.com / +1 (646) 507-5715David
Faiman, Chief Financial Officerinfo@staffing360solutions.com
/ +1 (646) 507-5711
Investor Relations:The Equity
Group, Inc.Lena Catilcati@equityny.com / +1 (212) 836-9611Devin
Sullivan dsullivan@equityny.com / +1 (212) 836-9608
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