BGSF, Inc. Announces Management Change as Part of Transition Plan
March 06 2023 - 4:05PM
Business Wire
Mr. John Barnett to be Appointed as the
Company’s Chief Financial Officer
BGSF, Inc. (NYSE: BGSF), a leading
national provider of consulting, managed services and workforce
solutions, today announces their leadership succession plan with
the appointment of Mr. John Barnett as the Company’s Chief
Financial Officer, effective March 20, 2023. Mr. Barnett succeeds
Mr. Dan Hollenbach, who served as the Company’s Chief Financial
Officer since August 2015. Mr. Hollenbach will be closely involved
in the Q1 2023 reporting process and will then act as a senior
advisor with BGSF through April 30, 2024, to ensure a smooth
handover and transition of responsibilities.
Beth Garvey, Chair, President and Chief Executive Officer said,
“We are thrilled to welcome John to the Company as BGSF’s next CFO.
He brings expertise in finance, investor relations, and a seasoned
background in strategic leadership roles for both public and
private companies. John is an excellent choice and fit for our
collaborative culture and has a proven track record of building
performance-based teams and driving successful results.”
“I also want to thank Dan for his tremendous contributions to
the organization over his time at BGSF. He has been instrumental in
successfully driving our IT roadmap implementation, providing
leadership as we navigated a global pandemic, communicating with
our stakeholders, and leading countless other initiatives that
advanced BGSF to the vibrant organization that we are today. I am
grateful to Dan for his time at the Company,” concluded Garvey.
“It’s been an extraordinary privilege to be a part of BGSF’s
growth story and member of this team,” said Hollenbach. “I made a
commitment to myself, and my family, to retire on this timeline and
will continue to work diligently with John and the team to ensure a
smooth transition.”
“I am honored to take on this role and serve as the next CFO for
BGSF.” said Barnett. “Dan has built an exceptional team, and I look
forward to working with the many talented individuals across
finance & accounting, as well as the entire team at BGSF. We
have an exciting road ahead as we continue to drive the future in
consulting, workforce solutions, and managed services at BGSF by
delivering value for all stakeholders – including our team members,
client partners, and shareholders.”
Mr. Barnett, who has 25 years of experience in finance,
strategy, M&A, accounting, and FP&A, will serve as a member
of the executive leadership team as the Company’s Chief Financial
Officer. Prior to BGSF, Mr. Barnett served as Chief Financial
Officer of Protective Insurance (NASDAQ: PTVC) and First Acceptance
(NYSE: FAC). He also served in senior leadership roles for
Broadcast Music, Inc. and Anheuser-Busch. Barnett earned a Bachelor
of Science degree from the U.S. Military Academy at West Point, a
Master of Science in Engineering Management from Missouri
University of Science and Technology, and an MBA from the
University of Illinois Urbana-Champaign. Early in his career,
Barnett served in the U.S. Army advancing to the rank of
captain.
About BGSF
BGSF provides consulting, managed services and workforce
solutions to a variety of industries through its various divisions
in IT, Cyber, Finance & Accounting, and Real Estate (apartment
communities and commercial buildings). BGSF has integrated several
regional and national brands achieving scalable growth. The Company
was ranked by Staffing Industry Analysts as the 94th largest U.S.
staffing company and the 49th largest IT staffing firm in 2022. The
Company’s disciplined acquisition philosophy, which builds value
through both financial growth and the retention of unique and
dedicated talent within BGSF’s family of companies, has resulted in
a seasoned management team with strong tenure and the ability to
offer exceptional service to our field talent and client partners
while building value for investors. For more information on the
Company and its services, please visit its website at
www.bgsf.com.
Forward-Looking Statements
The forward-looking statements in this press release are made
under the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may
include, but are not limited to, statements regarding our future
financial performance and the expectations and objectives of our
board or management. The Company’s actual results could differ
materially from those indicated by the forward-looking statements
because of various other risks and uncertainties, including those
listed in Item 1A of the Company’s Annual Report on Form 10-K and
in the Company’s other filings and reports with the Securities and
Exchange Commission. All of the risks and uncertainties are beyond
the ability of the Company to control, and in many cases, the
Company cannot predict the risks and uncertainties that could cause
its actual results to differ materially from those indicated by the
forward-looking statements. When used in this press release, the
words “allows,” “believes,” “plans,” “expects,” “estimates,”
“should,” “would,” “may,” “might,” “forward,” “will,” “intends,”
“continue,” “outlook,” “temporarily,” “progressing,” "prospects,"
and “anticipates” and similar expressions as they relate to the
Company or its management are intended to identify forward-looking
statements. Except as required by law, the Company is not obligated
to publicly release any revisions to these forward-looking
statements to reflect the events or circumstances after the date of
this press release or to reflect the occurrence of unanticipated
events.
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version on businesswire.com: https://www.businesswire.com/news/home/20230306005577/en/
Steven Hooser or Sandy Martin Three Part Advisors
ir@bgstaffing.com 214.872.2710 or 214.616.2207
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