SPAR Group, Inc. (Nasdaq:SGRP) ("SGRP"), a global leading
provider of merchandising and marketing services, today announced
that Mike Matacunas has been appointed as its President and Chief
Executive Officer and elected to its Board of Directors. In this
role, Mr. Matacunas will be responsible for setting global
strategy, overseeing operations and growing a business with more
than 25,000 merchandising specialists.
“I am privileged to welcome a prominent industry
leader to assume this executive leadership position with the
Company. After an extensive international search, we believe Mike’s
proven strategic leadership and operational experience combined
with deep retail, international, technology and acquisition
experience will enable him to drive exceptional results for SPAR.
We welcome him with unanimous Board support as the newest member of
our great leadership team,” commented Arthur H. Baer, Chairman of
the Board of Directors of SGRP.
Mr. Matacunas is a Fortune 500 veteran with more
than 30 years of relevant leadership experience. He has worked in
public and private companies, developed and led international
business growth, driven exceptional operational results and built
world-class teams. He was previously the Chief Administrative
Officer at Dollar Tree Inc., where he helped lead the successful
multi-billion-dollar acquisition and integration of Family Dollar
Stores, including, among other things, merchandising, sourcing,
operational and executive improvements. Prior to this, Mike was CEO
of a successful retail professional services business that
transformed leading global retailers, wholesalers and consumer
packaged goods companies. Mike’s experience also includes strategy,
consulting and world-wide roles at leading technology companies,
including IBM and Manhattan Associates. Mr. Matacunas earned a BA
in Economics from Boston University and an MBA from the College of
William & Mary Mason School of Business.
“I am honored to take on the role and excited
about the opportunities and global growth potential of the SPAR
Group. The company has a rich history of serving consumer goods and
retail clients with an unwavering commitment to service, expertise
and quality work across its 10-country platform. I look forward to
building upon SPAR’s strong foundation, unlocking the business’
potential and creating value for clients, employees and
shareholders,” said Mr. Matacunas.
About SPAR Group
SPAR Group is a global merchandising and
marketing services business that enables retailers, manufacturers
and distributors to drive sales, improve margins, operate more
efficiently and make better merchandising decisions. With more than
50+ years of experience and operating in 10 countries around the
world on 5 continents, the company brings expert services,
innovative technology solutions and seamless execution. We are a
trusted partner to many of the world’s leading companies with a
relentless focus on excellence and client service. For more
information, please visit the SPAR Group's website at
http://www.sparinc.com.
Forward-Looking Statements
This Press Release contains "forward-looking
statements" within the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995, made by, or respecting,
the Company, and this Press Release has been filed by SGRP with the
SEC. "Forward-looking statements" are defined in Section 27A of the
Securities Act of 1933, as amended (the "Securities Act"), and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and other applicable federal and state securities
laws, rules and regulations, as amended (together with the
Securities Act and the Exchange Act, "Securities Laws").
All statements (other than those that are purely
historical) are forward-looking statements. Words such as "may,"
"will," "expect," "intend," "believe," "estimate," "anticipate,"
"continue," "plan," "project," or the negative of these terms or
other similar expressions also identify forward-looking statements.
Forward-looking statements made by the Company in this Current
Report may include (without limitation) statements regarding:
risks, uncertainties, cautions, circumstances and other factors
("Risks"); and the potential continuing negative effects of the
COVID-19 pandemic on the Company's business, the Company's
potential non-compliance with applicable Nasdaq director
independence, bid price or other rules, the integration and
suitability of the Company's new CEO, the Company's cash flow or
financial condition, or the pursuit or achievement of the Company's
corporate objectives.
You should carefully review and consider the
Company's forward-looking statements (including all risk factors
and other cautions and uncertainties) and other information made,
contained or noted in or incorporated by reference into this
Current Report, but you should not place undue reliance on any of
them. The results, actions, levels of activity, performance,
achievements or condition of the Company (including its affiliates,
assets, business, clients, capital, cash flow, credit, expenses,
financial condition, income, liabilities, liquidity, locations,
marketing, operations, performance, prospects, sales, strategies,
taxation or other achievement, results, Risks, trends or condition)
and other events and circumstances planned, intended, anticipated,
estimated or otherwise expected by the Company (collectively,
"Expectations"), and our forward-looking statements (including all
Risks) and other information reflect the Company's current views
about future events and circumstances. Although the Company
believes those Expectations and views are reasonable, the results,
actions, levels of activity, performance, achievements or condition
of the Company or other events and circumstances may differ
materially from our Expectations and views, and they cannot be
assured or guaranteed by the Company, since they are subject to
Risks and other assumptions, changes in circumstances and
unpredictable events (many of which are beyond the Company's
control). In addition, new Risks arise from time to time, and it is
impossible for the Company to predict these matters or how they may
arise or affect the Company. Accordingly, the Company cannot assure
you that its Expectations will be achieved in whole or in part,
that it has identified all potential Risks, or that it can
successfully avoid or mitigate such Risks in whole or in part, any
of which could be significant and materially adverse to the Company
and the value of your investment in the Company's common stock.
These forward-looking statements reflect the
Company's Expectations, views, Risks and assumptions only as of the
date of this Current Report, and the Company does not intend,
assume any obligation, or promise to publicly update or revise any
forward-looking statements (including any Risks or Expectations) or
other information (in whole or in part), whether as a result of new
information, new or worsening Risks or uncertainties, changed
circumstances, future events, recognition, or otherwise.
Contact
Dave Mossberg
(817) 310-0051
Spar (NASDAQ:SGRP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Spar (NASDAQ:SGRP)
Historical Stock Chart
From Sep 2023 to Sep 2024