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US - Staffing 360 co-CEO steps down, firm updates board and management

March 04 2014

Staffing 360 Solutions Inc. (OTCBB: STAF) reported co-CEO Allan Hartley stepped down to pursue other interests. The New York-based firm also announced two new board members and other management changes.

Hartley had taken on the CEO role in February 2012. With Hartley’s departure, Matt Briand is now sole CEO of the company. Briand had taken on a co-CEO role in January of this year.

In addition, Staffing 360 also announced two new independent directors — Jeff Grout and Robert Weingarten.

Grout was U.K. managing director of Robert Half International Inc. (NYSE: RHI) until 2000 and is now a business speaker and consultant.

Weingarten is chairman of New Dawn Mining Corp., where he orchestrated the company's listing on the Toronto Stock Exchange, as well as subsequent equity financings aggregating approximately $10 million. Weingarten is also currently the CFO and director of Cortex Pharmaceuticals Inc.

The appointments were made to position Staffing 360 Solutions for future growth. “We are preparing for an application for an uplisting on Nasdaq,” said Vice Chairman and President A.J. Cervantes.

In addition to the new independent directors, Staffing 360 Solutions made the following adjustments and additions to its senior management team:

  • Senior Vice President Darren Minton, president of Trilogy Capital Partners Inc. and private equity firm TRIG Capital Group, is now the company’s executive vice president.
  • Wade Pearson, former senior vice president of Hudson Global Inc. (NASD: HSON), joined the company as senior vice president of finance.
  • Nick Koutsivitis, former auditor at a New York-based certified public accounting firm, is now the company’s full-time controller. He previously was an outside consultant for Staffing 360.

“Our enhanced senior management, along with Jeff and Robert as our new independent directors, will make our company more competitive as we continue to progress from a young staffing company to a truly global enterprise with experienced leaders guiding each functional area of the company,” Cervantes said.


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