BGSF, Inc. Announces Management Change As Part Of Transition Plan; Mr. John Barnett To Be Appointed As The Company's Chief Financial Officer

Mr. John Barnett to be Appointed as the Company's Chief Financial Officer

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. John Barnett as the Company's Chief Financial Officer, effective March 20, 2023. Mr. Barnett succeeds Mr. Dan Hollenbach, who served as the Company's Chief Financial Officer since August 2015. Mr. Hollenbach will be closely involved in the Q1 2023 reporting process and will then act as a senior advisor with BGSF through April 30, 2024, to ensure a smooth handover and transition of responsibilities.

Beth Garvey, Chair, President and Chief Executive Officer said, "We are thrilled to welcome John to the Company as BGSF's next CFO. He brings expertise in finance, investor relations, and a seasoned background in strategic leadership roles for both public and private companies. John is an excellent choice and fit for our collaborative culture and has a proven track record of building performance-based teams and driving successful results."

"I also want to thank Dan for his tremendous contributions to the organization over his time at BGSF. He has been instrumental in successfully driving our IT roadmap implementation, providing leadership as we navigated a global pandemic, communicating with our stakeholders, and leading countless other initiatives that advanced BGSF to the vibrant organization that we are today. I am grateful to Dan for his time at the Company," concluded Garvey.

"It's been an extraordinary privilege to be a part of BGSF's growth story and member of this team," said Hollenbach. "I made a commitment to myself, and my family, to retire on this timeline and will continue to work diligently with John and the team to ensure a smooth transition."

"I am honored to take on this role and serve as the next CFO for BGSF." said Barnett. "Dan has built an exceptional team, and I look forward to working with the many talented individuals across finance & accounting, as well as the entire team at BGSF. We have an exciting road ahead as we continue to drive the future in consulting, workforce solutions, and managed services at BGSF by delivering value for all stakeholders – including our team members, client partners, and shareholders."

Mr. Barnett, who has 25 years of experience in finance, strategy, M&A, accounting, and FP&A, will serve as a member of the executive leadership team as the Company's Chief Financial Officer. Prior to BGSF, Mr. Barnett served as Chief Financial Officer of Protective Insurance (NASDAQ:PTVC) and First Acceptance (NYSE:FAC). He also served in senior leadership roles for Broadcast Music, Inc. and Anheuser-Busch. Barnett earned a Bachelor of Science degree from the U.S. Military Academy at West Point, a Master of Science in Engineering Management from Missouri University of Science and Technology, and an MBA from the University of Illinois Urbana-Champaign. Early in his career, Barnett served in the U.S. Army advancing to the rank of captain.