SPAR Group (SGRP) Names New President and CEO

August 29, 2016 9:17 AM EDT
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SPAR Group, Inc. (Nasdaq: SGRP) announced the appointment of R. Scott Popaditch as President and CEO effective September 6, 2016. Mr. Popaditch replaces Ms. Jill Blanchard who, as previously announced, has resigned as the Company’s President and CEO and from its Board of Directors effective August 23, 2016.

“I am honored to join the SPAR Group team as CEO and President. SPAR Group is a dynamic organization that has successfully evolved to meet the demands of an ever-changing business environment. I am enthusiastic about the opportunities to build upon the current infrastructure to grow revenue and shareholder value. Through supporting and developing great associates and partners, maintaining exceptional customer value and service, and driving continuous operational efficiencies and new Technologies, SPAR is in an excellent position for both domestic and international growth, and I am excited to join at this time,” said Mr. Popaditch.

Mr. Popaditch is an entrepreneurial executive with extensive executive leadership experience in retail services, staffing, and investment banking focused on M&A. He co-founded, built, and sold Serv Corp, Inc., one of the largest southeast regional in-store marketing services firms. He led and managed the national consolidation, handling M&A and coordinating integration. He worked as SVP of Retail Sales & Operations for the Sunflower Group, managing national Retail Sales and In-store Staffing Operations focusing on Kroger, Target, and Publix. Upon completion of his Masters, he was CEO of IQ Reports, an Insurance Risk Auditing & Staffing services firm, where he recapitalized, restructured, grew revenues, and led the merger with York Insurance Services in 2013. He joined Advantage Sales & marketing and was subsequently hired as CEO of ICC Capital, managing the successful turnaround and coordinating a merger Highland Capital, which closed in April 2015. Prior to accepting his new role with SPAR Group he was the Chief Commercial Officer of Suntree Snack Foods. He earned a MBA from the Crummer Graduate School of Business at Rollins College, and a BSBA from University of Central Florida.

Speaking on behalf of SPAR Group's Board of Directors, Mr. Robert Brown, Chairman, said, "Scott comes to us with a proven track record of success in multiple areas including, sales, marketing, operations, technology and M&A. Combined with his leadership credentials, and significant experience in merchandising services, we are confident in Scott’s ability to lead SPAR’s global mission of being a solutions provider dedicated to helping clients get more out of the store.”

“I would also like to reiterate our thanks to Jill Blanchard for her significant contribution to SPAR Group during her tenure as CEO. Her dedication and professionalism have continued in the last several months as we have undertaken the search for a new CEO.”

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