PLANO, Texas--(BUSINESS WIRE)-- BGSF, Inc. (NYSE: BGSF), a leading national provider of consulting, managed services and workforce solutions, today announces their leadership succession plan with the appointment of Mr. Keith Schroeder as the Company’s Chief Financial Officer, effective after the Annual Report on Form 10-K is filed for fiscal year 2024. Mr. Schroeder succeeds Mr. John Barnett, who served as the Company’s Chief Financial Officer since 2023.

Beth Garvey, Chair, President and Chief Executive Officer said, “We are pleased to welcome Keith to the Company as BGSF’s incoming finance leader and CFO. Keith brings a wealth of strategic, operational and financial leadership to our organization. His background demonstrates a successful history of collaborating and implementing strategic initiatives. Keith is skilled at approaching his role with straightforward, practical solutions resulting in repeatable processes at the lowest possible cost to the organization.

“I want to thank John for his hard work during a highly transformational and important time in the Company’s history. Everyone at BGSF joins me in wishing John well in his future endeavors,” concluded Garvey.

Mr. Schroeder brings over 40 years of experience in accounting, corporate control and reporting, finance, operations, and CEO and CFO strategic roles. Before BGSF, Mr. Schroeder served as President and Chief Executive of Novipax Buyer, LLC in a carve-out transaction from December 2020 through 2024. Before this, he led as Chief Financial Officer of Novipax LLC from February 2019 to November 2020. Schroeder was also CFO and promoted to President and CEO of Xcaliber International LTD, LLC from 2016 to 2018. Between 2002 and 2016, Schroeder served as CFO for Orchids Paper Products. Earlier in his career, he worked in the large accounting and finance organizations for Cummins Engine Company and Atlas Van Lines, Inc. Mr. Schroeder earned his Bachelor of Science in Business Administration with an Accounting major and is a certified public accountant (inactive).

About BGSF

BGSF provides consulting, managed services and workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance & Accounting, and Real Estate (apartment communities and commercial buildings). BGSF has integrated several regional and national brands achieving scalable growth. The Company was ranked by Staffing Industry Analysts as the 94th largest U.S. staffing company and the 49th largest IT staffing firm in 2022. The Company’s disciplined acquisition philosophy, which builds value through both financial growth and the retention of unique and dedicated talent within BGSF’s family of companies, has resulted in a seasoned management team with strong tenure and the ability to offer exceptional service to our field talent and client partners while building value for investors. For more information on the Company and its services, please visit its website at www.bgsf.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. Forward-looking statements may include, but are not limited to, statements regarding our future financial performance and the expectations and objectives of our board or management. The Company’s actual results could differ materially from those indicated by the forward-looking statements because of various other 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 “allows,” “believes,” “plans,” “expects,” “estimates,” “should,” “would,” “may,” “might,” “forward,” “will,” “intends,” “continue,” “outlook,” “temporarily,” “progressing,” "prospects," 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.

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