Superior Group of Companies, Inc. (NASDAQ: SGC), is pleased to
announce that the Board of Directors of the Company has appointed
Michael Koempel to the role of Chief Financial Officer (CFO) of the
Company, effective May 31, 2022.
Koempel, with more than 30 years of broad
financial experience, has an impressive record of building and
scaling high growth apparel and retail brands. Most recently,
Koempel was chief operating officer of IT’SUGAR®, one of the
largest specialty candy retailers in the U.S. Prior to that,
Koempel served as chief operating officer of Victoria’s Secret
Lingerie, a multi-billion dollar e-commerce and store-based
retailer specializing in lingerie and apparel, from April 2017 to
August 2020, and chief financial officer of Mast Global, which is
the supply chain division of L Brands Inc. (now named Bath &
Body Works®) from 2007 to 2017, among other positions. Koempel
holds a Bachelor of Business Administration from the University of
Dayton and is a Certified Public Accountant (currently
inactive).
Koempel will report directly to SGC’s Chief
Executive Officer, Michael Benstock.
“We are very excited to welcome Mike to SGC,”
said Benstock. “Mike brings with him excellent leadership and team
building skills, honed in companies that experienced substantial
success while he was part of their senior management. His broad
experience both overlaps with and is complementary to our current
business. We look forward to leveraging Mike’s knowledge and
passion to grow SGC.”
Koempel said, “I am acutely aware of the
responsibility that SGC has entrusted me with as the financial
steward of such a storied yet still evolving company. SGC is primed
to convert on its strategic initiatives, and I look forward to
helping drive that growth. It never is easy taking over from a long
tenured and successful executive, but knowing that Andy selected me
as his successor and having him remain with the Company for the
near term will help to ease the transition.”
Alongside the hiring of Koempel comes the
announcement that Andrew D. Demott, Jr. will resign as Chief
Financial Officer, effective May 31, 2022, but will remain with the
Company as its Chief Operating Officer and as a Director. Demott
intends to retire as an employee in 2023.
SGC CEO Michael Benstock said, “Andy has been a
very important piece of SGC’s success over the last 24 years. While
I am professionally, and personally, saddened that Andy will retire
as an employee in 2023, I am pleased to know that Andy will remain
with the Company as our chief operating officer for a while, and
that his hand-selected replacement is primed to hit the ground
running.”
Demott went on to add that, “I have had no
greater professional love than being an employee of SGC. It truly
has been a privilege working alongside Michael, our Board and the
rest of the SGC team for decades. I could not be prouder of what we
have accomplished and the many employees, shareholders, customers,
and other constituents’ lives we have positively impacted. A
decision to retire is never made easily. It is made easier though
knowing that the Company’s financial leadership is in good hands; I
am excited to see where Mike’s vision, energy, preparedness, and
passion takes SGC in the years ahead.”
About Superior
Group of
Companies,
Inc.
(SGC):
Superior Group of Companies™, formerly Superior
Uniform Group, established in 1920, is a combination of companies
that help customers unlock the power of their brands by creating
extraordinary brand experiences for employees and customers. It
provides customized support for each of its divisions through its
shared services model.
Fashion Seal Healthcare® and CID Resources™ are
signature medical apparel divisions of Superior Group of Companies,
Healthcare. Each is one of America’s leading providers of caregiver
uniforms and image apparel. They specialize in innovative uniform
program design, global manufacturing, and state-of-the-art
distribution. Every day, more than four million Americans go to
work wearing a uniform from Superior Uniform Group, Healthcare.
BAMKO®, Tangerine Promotions®, Public Identity®,
Gifts By Design™, Sutter’s Mill Specialties™ and Guardian Products™
are signature promotional products and branded merchandise brands
of Superior Group of Companies. They provide unique custom
branding, design, sourcing, and marketing solutions to some of the
world’s most successful brands.
HPI® is Superior Group of Companies Employee
Identification Branded Uniform Division. HPI is one of our nation’s
largest and most respected designers, manufacturers and fulfillment
companies clothing America’s workforce in highly recognizable and
comfortable uniforms. More than two million people go to work each
day wearing uniforms by HPI.
The Office Gurus® is a global provider of custom
call and contact center support. As a true strategic partner, The
Office Gurus implements customized solutions for its customers in
order to accelerate their growth and improve their customers’
service experiences.
SGC’s commitment to service, technology, quality
and value-added benefits, as well as its financial strength and
resources, provides unparalleled support for its customers’ diverse
needs while embracing a “Customer 1st, Every Time!” philosophy and
culture in all of its business segments.
Visit www.superiorgroupofcompanies.com for more information.
Contact:
Andrew D. Demott, Jr.
COO
(727) 803-7135
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