Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage” or the
“Company”), a leading provider of outsourced sales and marketing
services to consumer goods manufacturers and retailers, today
announced the hires of Chris Growe as chief financial officer,
Pamela Morris-Thornton as chief human resources officer and Kelli
Hammersmith as chief communications officer, all reporting to
Advantage CEO Dave Peacock. Morris-Thornton and Hammersmith will
begin their roles March 20. Growe’s appointment is effective March
27. He succeeds Brian Stevens, who will continue to advise the
company through July.
Growe joins Advantage with more than 25 years of finance and
investment experience, most recently at global wealth management,
investment banking and investment advisory company Stifel. As a
managing director in the consumer and retail sector, Growe covered
food and tobacco stocks and offered guidance to institutional
investors. He is the recipient of multiple awards for his work at
Stifel, including several Financial Times/StarMine Awards for
earnings estimates and stock picking. He has also been honored by
The Wall Street Journal with the Best on the Street Survey Award.
Prior to Stifel, Growe was an analyst covering food, beverage and
tobacco stocks with A.G. Edwards. He spent his early career in
marketing at Anheuser-Busch and holds bachelor’s and master’s
degrees in business administration from Saint Louis University. As
CFO, Growe will lead all aspects of Advantage’s finance
organization, including investor relations, accounting, payroll,
treasury and tax.
Morris-Thornton brings deep experience across all segments of
human resources over the course of her more than 25-year career.
She joins Advantage from Panera Bread, where she was most recently
vice president and head of diversity, equity and inclusion,
overseeing the brand’s inclusion strategy and initiatives and
responsible for building an inclusive culture, enhancing employee
belonging and increasing the recruitment and promotion of diverse
talent. She previously led Panera’s corporate human resources,
overseeing talent acquisition, executive recruiting and the HR
business partner practice. Morris-Thornton spent her early human
resources career at Graybar, where she led health and welfare
plans, and at the Missouri Department of Mental Health, where she
served as director of human resources. She holds a bachelor’s
degree from Southern Illinois University-Edwardsville and a
master’s degree in human resources management from Webster
University. Morris-Thornton will oversee all aspects of Advantage’s
human resources function.
Hammersmith joins Advantage in a newly created role leading the
corporate communications team and overseeing all aspects of the
corporate narrative including internal, external and executive
communications. She was most recently senior vice president and
head of global executive and internal communications at Northern
Trust where she led internal communications strategy and integrated
storytelling, as well as CEO communications and executive
engagement. She brings nearly two decades of communications
experience to Advantage, including internal and leadership
communications at Kohl’s and global people and diversity
communications at Molson Coors Beverage Company. Hammersmith was a
journalist in her early career, reporting for television stations
in Peoria, Illinois, and Milwaukee, where she also served as a
bilingual reporter. She is a graduate of Syracuse University's
Newhouse School of Public Communications where she earned a
bachelor’s degree in broadcast journalism with minors in Spanish
and sociology.
“I’m excited to welcome Chris, Pam and Kelli to our leadership
team and I’m looking forward to collaborating with each of them on
Advantage’s long-term strategy for growth,” said Advantage
Solutions CEO Dave Peacock. “Their wide range of experiences in
their fields and strong track records of consistently delivering
results will be tremendous assets to Advantage as we work to drive
transformation across the company.”
About Advantage Solutions
Advantage Solutions (NASDAQ: ADV) is a leading provider of
outsourced sales and marketing solutions to consumer goods
companies and retailers. Our data- and technology-driven services —
which include headquarter sales, retail merchandising, in-store and
online sampling, digital commerce, omnichannel marketing, retail
media and others — help brands and retailers of all sizes get
products into the hands of consumers, wherever they shop. As a
trusted partner and problem solver, we help our clients sell more
while spending less. Headquartered in Irvine, California, we
have offices throughout North America and strategic investments in
select markets throughout Africa, Asia, Australia and Europe
through which we serve the global needs of multinational, regional
and local manufacturers. For more information, please visit
advantagesolutions.net.
Forward-Looking Statements
Certain statements in this press release may be considered
forward-looking statements within the meaning of the federal
securities laws, including statements about expected leadership and
the potential success of the Company’s new leadership team.
Forward-looking statements generally relate to future events or
Advantage’s future financial or operating performance. These
forward-looking statements generally are identified by the words
“may”, “should”, “expect”, “intend”, “will”, “would”, “could”,
“estimate”, “anticipate”, “believe”, “predict”, “confident”,
“potential” or “continue”, or the negatives of these terms or
variations of them or similar terminology. Such forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to risks, uncertainties
and other factors which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Advantage and its
management at the time of such statements, are inherently
uncertain. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to, market-driven wage changes or changes to labor laws or wage or
job classification regulations, including minimum wage; the
COVID-19 pandemic and the measures taken in response thereto; the
availability, acceptance, administration and effectiveness of any
COVID-19 vaccine; Advantage’s ability to continue to generate
significant operating cash flow; client procurement strategies and
consolidation of Advantage’s clients’ industries creating pressure
on the nature and pricing of its services; consumer goods
manufacturers and retailers reviewing and changing their sales,
retail, marketing and technology programs and relationships;
Advantage’s ability to successfully develop and maintain relevant
omni-channel services for our clients in an evolving industry and
to otherwise adapt to significant technological change; Advantage’s
ability to maintain proper and effective internal control over
financial reporting in the future; potential and actual harms to
Advantage’s business arising from the Take 5 Matter; Advantage’s
substantial indebtedness and our ability to refinance at favorable
rates; and other risks and uncertainties set forth in the section
titled “Risk Factors” in the Annual Report on Form 10-K filed by
the Company with the Securities and Exchange Commission (the “SEC”)
on March 1, 2023, and in its other filings made from time to time
with the SEC. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Advantage assumes no obligation and
does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Media Contactpress@advantagesolutions.net
Investor Relations ContactKimberly Esterkin
Addo Investor
Relationsinvestorrelations@advantagesolutions.net310-829-5400
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