Vestis Appoints Bill Goetz to the Board of Directors
August 05 2024 - 8:00AM
Business Wire
Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a
leading provider of uniforms and workplace supplies, today
announced the appointment of Bill Goetz to the Company’s Board of
Directors, effective immediately. His appointment increases the
size of the Board from nine to ten directors, eight of whom,
including Mr. Goetz, are independent.
Mr. Goetz most recently served as President and CEO of DYMA
Brands, a leading manufacturer to the foodservice industry.
Previously Mr. Goetz served as President and COO of Carriage
Services, held roles of increasing responsibility at Sysco
Corporation, including Senior Vice President of Sales and Marketing
and Chief Marketing Officer, and spent 22 years at Cintas
Corporation in various executive leadership roles, including
President and COO of Global Accounts and Strategic Markets and
Chief Marketing Officer. Mr. Goetz is a National Trustee of the
Boys & Girls Clubs of America.
“We are pleased to announce Bill’s appointment to the Vestis
Board of Directors,” said Phillip Holloman, Chairman of the Board.
“Bill is a growth-oriented leader with a proven record of success
at Fortune 100 and Fortune 500 companies. He also brings deep
industrial laundry sales and marketing expertise to Vestis,
including significant experience leading national accounts with a
focus on accelerating profitable growth. We remain committed to
ensuring our Board comprises robust experience.”
“I am delighted to join the Board of Directors,” said Mr. Goetz.
“I look forward to collaborating with the management team and other
members of the Board to help advance the Company’s strategic
initiatives.”
Kim Scott, President and Chief Executive Officer of Vestis,
added, “Bill brings a wealth of relevant industry experience to our
Board, and I look forward to working with him closely as we execute
on our strategic plan and drive long-term value creation for our
shareholders.”
About Vestis™
Vestis is a leader in the B2B uniform and workplace supplies
category. Vestis provides uniform services and workplace supplies
to a broad range of North American customers from Fortune 500
companies to locally owned small businesses across a broad set of
end sectors. The Company’s comprehensive service offering primarily
includes a full-service uniform rental program, floor mats, towels,
linens, managed restroom services, first aid supplies, and
cleanroom and other specialty garment processing.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the securities laws. All statements that reflect our
expectations, assumptions, or projections about the future, other
than statements of historical fact, are forward-looking statements,
including, without limitation, statements regarding our strategy
for growth, optimization of our operations and our delivery of
best-in-class customer experience. In some cases, forward-looking
statements can be identified by words such as “strategy,” “will,”
“plan,” “continue to,” “look forward” and other words and terms of
similar meaning or the negative versions of such words. These
forward-looking statements are subject to risks and uncertainties
that may change at any time, and actual results or outcomes may
differ materially from those that we expected. Forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties, and changes in circumstances that are
difficult to predict including, but not limited to: unfavorable
economic conditions; increases in fuel and energy costs; the
failure to retain current customers, renew existing customer
contracts and obtain new customer contracts; natural disasters,
global calamities, climate change, pandemics, strikes and other
adverse incidents; increased operating costs and obstacles to cost
recovery due to the pricing and cancellation terms of our support
services contracts; a determination by our customers to reduce
their outsourcing or use of preferred vendors; risks associated
with suppliers from whom our products are sourced; challenge of
contracts by our customers; our expansion strategy and our ability
to successfully integrate the businesses we acquire and costs and
timing related thereto; currency risks and other risks associated
with international operations; our inability to hire and retain key
or sufficient qualified personnel or increases in labor costs;
continued or further unionization of our workforce; liability
resulting from our participation in multiemployer-defined benefit
pension plans; liability associated with noncompliance with
applicable law or other governmental regulations; laws and
governmental regulations including those relating to the
environment, wage and hour and government contracting; increases or
changes in income tax rates or tax-related laws; new
interpretations of or changes in the enforcement of the government
regulatory framework; a cybersecurity incident or other disruptions
in the availability of our computer systems or privacy incidents;
stakeholder expectations relating to environmental, social and
governance considerations; the expected benefits of the separation
from Aramark and the risk that conditions to the separation will
not be satisfied; the risk of increased costs from lost synergies;
retention of existing management team members as a result of the
separation from Aramark; reaction of customers, employees and other
parties to the separation from Aramark, and the impact of the
separation on our business; our leverage and ability to meet debt
obligations; any failure by Aramark to perform its obligations
under the various separation agreements entered into in connection
with the separation and distribution; a determination by the IRS
that the distribution or certain related transactions are taxable;
and the and the timing and occurrence (or non-occurrence) of other
transactions, events and circumstances which may be beyond our
control. The above list of factors is not exhaustive or necessarily
in order of importance. For additional information on identifying
factors that may cause actual results to vary materially from those
stated in forward-looking statements, see Vestis’ filings with the
Securities and Exchange Commission. Any forward-looking statement
speaks only as of the date on which it is made, and we assume no
obligation to update or revise such statement, whether as a result
of new information, future events or otherwise, except as required
by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240801052404/en/
Investors Michael Aurelio, CFA 470-653-5015
michael.aurelio@vestis.com
Media Danielle Holcomb 470-716-0917
danielle.holcomb@vestis.com
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