Staffing 360 Solutions Appoints Executive Vice President, Chief Financial Officer
February 19 2020 - 7:36AM
Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an
international buy-integrate-build strategy through the acquisition
of staffing organizations in the US and the UK, announced today
that effective immediately it has appointed Mark Gibbens to
Executive Vice President, Chief Financial Officer. Gibbens replaces
interim CFO Chris Powers, whom the Company thanks for his interim
service and wishes him the best in his future endeavors.
Gibbens is a globally experienced, award-winning
CFO with 22 years of experience working with global industry
leaders including Alcatel-Lucent and General Motors. He brings an
extensive background in corporate finance, strategic planning and
the capital markets.
Brendan Flood, Chairman and CEO of Staffing 360
Solutions, said, “It is with great enthusiasm that I welcome Mark
to our organization as an essential member of the Executive Team.
Mark’s vast merger and acquisition experience, including managing
large global transactions of $20B in capital raises, will be
invaluable to us as we continue to progress on our business plan to
build a profitable $500 million revenue company.
“We have been in discussions with Mark for some
time waiting for him to complete projects and become available. His
background and expertise, in both public and private markets, are a
perfect fit to help us achieve our goals of growth and
profitability,” concluded Flood.
“This is an exciting time to join the Staffing
360 Solutions team,” said Gibbens. “Brendan and his team have a
clear vision for where the Company is headed and I’m thrilled with
the opportunities before us and look forward with confidence to
doing my part to get us there.”
Gibbens’ most recent experience includes being
the CFO at $2B revenue Arysta LifeScience. Prior to this, Gibbens
was Head of Corporate Development and CFO at Aligned Energy. At
Affinion Group Holdings, Gibbens was CFO among other executive
positions where he was responsible for all aspects of finance and
corporate development.
At Alcatel-Lucent, Gibbens was Head of Corporate
Finance and Global Chief Investment Officer. At Alcatel-Lucent
Investment Management Co., he held the position of Chief Investment
Officer. At General Motors Corporation, Gibbens was Director,
Mergers & Acquisitions and Director, Domestic Finance in
addition to various positions.
Gibbens graduated with High Honors earning an
MBA in Finance and Operations at the University of Chicago where he
was the recipient of General Motors Fellowship and Chicago Business
Fellowship. He graduated with a BA in Economics from Carleton
College.
About Staffing 360 Solutions,
Inc.Staffing 360 Solutions, Inc. is engaged in the
execution of an international buy-integrate-build strategy through
the acquisition of domestic and international staffing
organizations in the United States and United Kingdom. The Company
believes that the staffing industry offers opportunities for
accretive acquisitions that will drive profitable 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, IT, and Light Industrial
staffing space. For more information, please
visit: www.staffing360solutions.com. Follow Staffing 360
Solutions
on Facebook, LinkedIn and Twitter.
Forward-Looking StatementsThis
press release contains forward-looking statements, which may be
identified by words such as "expect," "look forward to,"
"anticipate," "intend," "plan," "believe," "seek," "estimate,"
"will," "project" or words of similar meaning. Although
Staffing 360 Solutions, Inc. believes such forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. Actual
results may vary materially from those expressed or implied by the
statements herein, including the goal of achieving annualized
revenues of $500 million, due to the Company’s ability to
successfully raise sufficient capital on reasonable terms or at
all, to consummate additional acquisitions, to successfully
integrate newly acquired companies, to organically grow its
business, to successfully defend potential future litigation,
changes in local or national economic conditions, the ability to
comply with contractual covenants, including in respect of its
debt, as well as various additional risks, many of which are now
unknown and generally out of the Company’s control, and which are
detailed from time to time in reports filed by the Company with the
SEC, including quarterly reports on Form 10-Q, reports on Form 8-K
and annual reports on Form 10-K. Staffing 360 Solutions does
not undertake any duty to update any statements contained herein
(including any forward-looking statements), except as required by
law.
CONTACT: Investor Relations Harvey Bibicoff,
CEO, Bibicoff + MacInnis, Inc.
818.379.8500 harvey@bibimac.com
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