David Garrison named permanent Chief Financial
Officer David Fisher Named Chief Transformation Officer
Harte Hanks, Inc. (NASDAQ: HHS), a leading global customer
experience company focused on bringing companies closer to
customers for 100 years, today announced that David Garrison, an
experienced finance executive with more than 20 years of public
company CFO experience currently serving as Interim Chief Financial
Officer, has been named as Harte Hanks’ permanent Chief Financial
Officer effective January 29, 2024. In addition, David Fisher, an
accomplished executive with over 25 years of experience focused on
strategic initiatives, cost structure transformation, financial
planning and analysis, has been named Chief Transformation
Officer.
Garrison, who joined Harte Hanks in an interim capacity in
October, 2023, brings notable expertise in cost containment,
streamlining operations, and ERP implementations. He joins Harte
Hanks from Digital Lumens Incorporated, an IoT lighting fixture and
factory automation technology company that was spun out of Osram
Sylvania, where he served as CFO for the last two years. As part of
this role, he was instrumental in selling a product line to a
strategic buyer and selling the remaining operating entity to a
foreign company. Previously, he spent three years as Chief
Financial Officer for Sensera, Inc., an Australian listed medical
and IoT technology company, where he played an important role in
turning around operations to facilitate a sale. Previously, he
served as Managing Director of IW Ventures LLC, a financial
consultant, and TTcogen LLC, a joint venture between Tecogen Inc.
and Tedom a.s. From 2014 to 2017, Garrison served as CFO of Tecogen
Inc., a NASDAQ-listed company that designs, manufactures and sells
industrial and commercial cogeneration systems, where he supported
growth with cost controls to drive margin expansion and
profitability. He has an MBA from Boston University and has led
several Greater Boston-based companies through successful
growth-driven integrations, transactions, and implementations.
Fisher has been consulting for Harte Hanks since March of 2023,
most recently leading the Company’s engagement with the Kearney
organization. He will now lead the execution of Project Elevate,
Harte Hanks’ transformation and modernization initiative. He brings
expertise in strategic initiatives, cost transformation, financial
planning & analysis, accounting, strategic sourcing,
procurement and risk management. He joined Harte Hanks from Tribune
Publishing, where he served as Senior Vice President and Chief
Procurement Officer. Previously, he was SVP of Corporate Finance
& Planning, and VP of Corporate Development at Tribune. Before
that, he served as SVP of Finance for Source Interlink, and was an
Assurance Manager for BDO USA, LLP. He has a Bachelor’s Degree in
accounting/business management from the Wisconsin School of
Business and is a Certified Public Accountant (CPA).
“We continue to enhance our senior leadership team with modern
skillsets to advance our ‘Project Elevate’ initiative. We are well
underway on an end-to-end transformation of our business," said
Kirk Davis, Chief Executive Officer. “David Garrison has
proven his value in a short period of time, advancing our ERP and
cost containment efforts while advancing digital initiatives to
streamline processes and modernize our business.
“David Fisher and I have enjoyed prior success in working with
the Kearney organization. We have accelerated our transformation
commitment and see compelling growth and optimization opportunities
ahead as we execute our plan. I’m heartened by our entire senior
team’s commitment to becoming a more profitable and growth-focused
organization. These two appointments, in conjunction with the
recent appointment of Kelly Waller as our new SVP, Sales and
Marketing, and other senior team members, have us well positioned
for 2024.”
About Harte Hanks:
Harte Hanks (NASDAQ: HHS) is a leading global customer
experience company whose mission is to partner with clients to
provide them with CX strategy, data-driven analytics and actionable
insights combined with seamless program execution to better
understand, attract and engage their customers.
Using its unparalleled resources and award-winning talent in the
areas of Customer Care, Fulfillment and Logistics, and Marketing
Services, Harte Hanks has a proven track record of driving results
for some of the world’s premier brands, including Bank of America,
GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx,
Midea, Sony and IBM among others. Headquartered in Chelmsford,
Massachusetts, Harte Hanks has over 2,500 employees in offices
across the Americas, Europe, and Asia Pacific.
For more information, visit hartehanks.com
As used herein, “Harte Hanks” or “the Company” refers to Harte
Hanks, Inc. and/or its applicable operating subsidiaries, as the
context may require. Harte Hanks’ logo and name are trademarks of
Harte Hanks.
Cautionary Note Regarding Forward-Looking Statements:
Our press release and related earnings conference call contain
“forward-looking statements” within the meaning of U.S. federal
securities laws. All such statements are qualified by this
cautionary note, provided pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Statements other than historical
facts are forward-looking and may be identified by words such as
“may,” “will,” “expects,” “believes,” “anticipates,” “plans,”
“estimates,” “seeks,” “could,” “intends,” or words of similar
meaning. These forward-looking statements are based on current
information, expectations and estimates and involve risks,
uncertainties, assumptions and other factors that are difficult to
predict and that could cause actual results to vary materially from
what is expressed in or indicated by the forward-looking
statements. In that event, our business, financial condition,
results of operations or liquidity could be materially adversely
affected and investors in our securities could lose part or all of
their investments. These risks, uncertainties, assumptions and
other factors include: (a) local, national and international
economic and business conditions, including (i) the outbreak of
diseases, such as the COVID-19 coronavirus, which has curtailed
travel to and from certain countries and geographic regions,
created supply chain disruption and shortages, disrupted business
operations and reduced consumer spending, (ii) market conditions
that may adversely impact marketing expenditures, (iii) the impact
of the Russia/Ukraine conflict on the global economy and our
business, including impacts from related sanctions and export
controls and (iv) the impact of economic environments and
competitive pressures on the financial condition, marketing
expenditures and activities of our clients and prospects; (b) the
demand for our products and services by clients and prospective
clients, including (i) the willingness of existing clients to
maintain or increase their spending on products and services that
are or remain profitable for us, and (ii) our ability to predict
changes in client needs and preferences; (c) economic and other
business factors that impact the industry verticals we serve,
including competition and consolidation of current and prospective
clients, vendors and partners in these verticals; (d) our ability
to manage and timely adjust our facilities, capacity, workforce and
cost structure to effectively serve our clients; (e) our ability to
improve our processes and to provide new products and services in a
timely and cost-effective manner though development, license,
partnership or acquisition; (f) our ability to protect our
facilities against security breaches and other interruptions and to
protect sensitive personal information of our clients and their
customers; (g) our ability to respond to increasing concern,
regulation and legal action over consumer privacy issues, including
changing requirements for collection, processing and use of
information; (h) the impact of privacy and other regulations,
including restrictions on unsolicited marketing communications and
other consumer protection laws; (i) fluctuations in fuel prices,
paper prices, postal rates and postal delivery schedules; (j) the
number of shares, if any, that we may repurchase in connection with
our repurchase program; (k) unanticipated developments regarding
litigation or other contingent liabilities; (l) our ability to
complete anticipated divestitures and reorganizations, including
cost-saving initiatives; (m) our ability to realize the expected
tax refunds; and (n) other factors discussed from time to time in
our filings with the Securities and Exchange Commission, including
under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for
the year ended December 31, 2022 which was filed on March 31, 2023.
The forward-looking statements in this press release and our
related earnings conference call are made only as of the date
hereof, and we undertake no obligation to update publicly any
forward-looking statement, even if new information becomes
available or other events occur in the future.
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version on businesswire.com: https://www.businesswire.com/news/home/20240129195380/en/
Investor Relations Contact: Rob Fink or Tom Baumann
646.809.4048 / 646.349.6641 FNK IR HHS@fnkir.com
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