BG Staffing, Inc. (NYSE American: BGSF), a rapidly growing national provider of professional temporary staffing services, today announced that the Board of Directors promoted Beth A. Garvey to the offices of Chief Executive Officer and President, effective October 1, 2018. In conjunction with the appointment of Garvey, on October 1, 2018, L. Allen Baker, Jr. will resign as Chief Executive Officer and President and remain as Chairman of the Board.
Garvey has served as the Company’s Chief Operating Officer since August 2016 after joining the BG Staffing team through the 2013 acquisition of InStaff Personnel, LLC. As COO, Garvey has overseen day-to-day operations of the Company, and has led the team to streamline operations, build brand recognition and enhance collaboration within all the Company’s operations.
Baker said, “I’m delighted that Beth has accepted the role of CEO of BG Staffing. Her strategic thinking and ability to drive teams, along with the strong support of Dan Hollenbach, CFO, will enable us to stay on the growth path we have experienced over the past several years. It’s been a privilege to serve our Company and work with our terrific team, and I look forward to serving in my new role as Chairman.”
Garvey said, “I’m proud and excited to continue building upon the strong foundation laid under Allen’s leadership over the past ten years. The result is that we’ve built a strong Company with a team that leads the industry in talent, drive and dedication to our candidates, our clients, our team members and our shareholders. I look forward to Allen’s continuing contributions in his role as our Chairman.
“Looking ahead,” said Garvey, “we’ll continue to grow with our existing initiatives and always seek ways to improve operating efficiencies, enhance cross selling opportunities, and build upon our strong foundation in order to continue increasing shareholder value.”
About BG Staffing, Inc.
Headquartered in Plano, Texas, BG Staffing provides staffing services to a variety of industries through its various divisions. BG Staffing is primarily a professional temporary staffing platform that has integrated several regional and national brands achieving scalable growth. The Company was ranked as the 59th largest U.S. staffing company and the 45th largest IT staffing firm in 2018 by Staffing Industry Analysts. The Company’s disciplined acquisition philosophy, which builds value through both financial growth and the retention of unique and dedicated talent within BG Staffing’s portfolio of companies, has resulted in a seasoned management team with strong tenure and the ability to offer exceptional service to candidates and customers while building value for investors. For more information on the Company and its services, please visit its website at www.bgstaffing.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. The Company’s actual results could differ materially from those indicated by the forward-looking statements because of various 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 “believes,” “plans,” “expects,” “will,” “intends,” 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.
