{"id":728502,"date":"2023-02-02T18:34:53","date_gmt":"2023-02-02T23:34:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/liquidity-services-announces-retirement-of-patrick-w-gross-and-appointment-of-thierno-amath-fall-to-its-board-of-directors\/"},"modified":"2023-02-02T18:34:53","modified_gmt":"2023-02-02T23:34:53","slug":"liquidity-services-announces-retirement-of-patrick-w-gross-and-appointment-of-thierno-amath-fall-to-its-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/liquidity-services-announces-retirement-of-patrick-w-gross-and-appointment-of-thierno-amath-fall-to-its-board-of-directors\/","title":{"rendered":"Liquidity Services Announces Retirement of Patrick W. Gross and Appointment of Thierno \u201cAmath\u201d Fall to\u00a0its\u00a0Board of Directors"},"content":{"rendered":"

\nBeatriz Infante Elected as New Lead Independent Director
\n<\/h2>\n
\n

BETHESDA, Md., Feb. 02, 2023 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT; www.liquidityservices.com), a global solution provider in the reverse supply chain with the world\u2019s largest marketplace for business surplus,\u00a0today\u00a0made the following announcements with respect to its board of directors consistent with its long-range succession planning.<\/p>\n

Patrick W. Gross is retiring from the company\u2019s board of directors, effective February 1, 2023, after 22 years of dedicated service, consistent with the company\u2019s succession plan to accommodate the onboarding of new directors. Mr. Gross joined the company\u2019s board in February 2001 and has been the Lead Director since 2013. Mr. Gross served as a member of the Audit Committee and the Corporate Governance and Nominating Committee from 2006 until his retirement. From 2006 to 2015, Mr. Gross also served as the Chair of the Compensation Committee.<\/p>\n

\u201cPat has been a steady and insightful advisor to us since the founding of Liquidity Services and he will be missed. As our first independent director, his influence on our sound governance policies has been significant and his thoughtful business guidance and collegiality with our fellow directors and leadership team has served us very well over the years. I am grateful for all of Pat\u2019s contributions to Liquidity Services and wish him and his family all the best following his retirement,\u201d said Bill Angrick, Chairman and CEO.<\/p>\n

Liquidity Services also announced today the appointment of Thierno \u201cAmath\u201d Fall to the company\u2019s board of directors and the Audit Committee of the Board, effective February 1, 2023.\u00a0<\/p>\n

\u201cWe are pleased to welcome Amath to the Board,\u201d said Mr. Angrick. \u201cWe are confident that his two decades of leadership experience in both financial and operational roles will be invaluable to Liquidity Services as we continue our mission of Building a Better Future For Surplus for businesses and government agencies.\u201d<\/p>\n

Mr. Fall is currently Operating Partner at The Sterling Group, a private equity firm based in Houston, TX. Mr. Fall served as the Chief Financial Officer (2019-2020) and then as the Chief Operating Officer (2020-2021) of Berlin Packaging, a $2.5B revenue global packing distribution company based in Chicago, IL. From 2016 to 2019, Mr. Fall was the Chief Financial Officer of FleetPride, a $1.6B revenue, heavy duty truck distribution company based in Irving, TX. Prior to that, Mr. Fall held various financial roles at public and private companies, including AmeriCold and Nashfinch, now SpartanNash.<\/p>\n

Mr. Fall graduated from the University of Nebraska at Omaha with a B.S. in Accounting and a M.S. in Business Economics. Mr. Fall received a NACD Directorship Certification from the National Association of Corporate Directors. Additionally, he is a Certified Public Accountant, a Certified Management Accountant, a Certified Financial Accountant, a Chartered Global Management Accountant, and a Certified Forensic Accountant. Mr. Fall is also a member of the American Institute of Certified Public Accountants.<\/p>\n

Additionally, the company announced today that its independent directors have elected Beatriz Infante as the Lead Independent Director effective February 1, 2023. \u201cFollowing Pat\u2019s outstanding service as Lead Independent Director, we are excited that Beatriz has accepted the invitation of the independent directors to serve as our Lead Independent Director moving forward. Ms. Infante is an accomplished and seasoned technology executive and strategist who will continue the transformational mission of the Company to power the circular economy,\u201d continued Mr. Angrick.<\/p>\n

Following the departure of Mr. Gross and the appointment of Mr. Fall, the Board will be comprised of eight directors, six of whom are independent. \u201cFrom the company\u2019s pioneering start to today, I have had great joy in seeing the many successes of Liquidity Services, which collectively have strengthened our Company and positioned it for sustainable long-term growth, while creating strong shareholder value. I leave knowing that our current board is a very diverse and strong one with an excellent complement of relevant experiences,\u201d said Mr. Gross. \u201cI look forward to being an ongoing shareholder.\u201d<\/p>\n

\n About Liquidity Services, Inc.<\/strong>
\n
\n Liquidity Services<\/a>\u00a0(NASDAQ:LQDT) operates the world\u2019s largest B2B e-commerce marketplace platform for surplus assets with over $10 billion in completed transactions to more than 5 million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients\u2019 sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.<\/p>\n

\n Contact:<\/strong>
\n
Liquidity Services
Investor Relations
investorrelations@liquidityservicesinc.com<\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Beatriz Infante Elected as New Lead Independent Director BETHESDA, Md., Feb. 02, 2023 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT; www.liquidityservices.com), a global solution provider in the reverse supply chain with the world\u2019s largest marketplace for business surplus,\u00a0today\u00a0made the following announcements with respect to its board of directors consistent with its long-range succession planning. Patrick W. Gross is retiring from the company\u2019s board of directors, effective February 1, 2023, after 22 years of dedicated service, consistent with the company\u2019s succession plan to accommodate the onboarding of new directors. Mr. Gross joined the company\u2019s board in February 2001 and has been the Lead Director since 2013. Mr. Gross served as a member of the Audit Committee and the Corporate Governance and … <\/p>\n

Continue reading “Liquidity Services Announces Retirement of Patrick W. Gross and Appointment of Thierno \u201cAmath\u201d Fall to\u00a0its\u00a0Board of Directors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-728502","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLiquidity Services Announces Retirement of Patrick W. 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