ShiftPixy (PIXY) Terminates CFO

On March 6, 2024, ShiftPixy (NASDAQ: PIXY) terminated the employment of Douglas Beck as Chief Financial Officer (“CFO”) of the Company, and Amanda Murphy as the Company's Chief Operating Officer, effective on March 6, 2024.

On March 7, 2024 the Company signed an offer of employment letter with Patrice Launay, appointed to serve as the Company’s new CFO, beginning on March 7, 2024.

Mr. Launay, age 48, previously served as the Company’s CFO from January 2018 to July 2019. Prior to his service with the Company, from August 2019 to February 2024, Mr. Launay served as a financial consultant for mid-sized and large publicly traded companies assisting them with their reporting obligations, providing assistance with year and month end close, technical accounting, implementation of new accounting standards and designing and implementing effective internal controls. From October 2014 to December 2016, Mr. Launay served as an audit manager for BDO Australia in Sydney, Australia. From October 2011 to September 2014, he served as an audit senior with BDO USA LLP at its Orange County, California, where he led audit teams to complete year-end audits and quarterly reviews from planning to the issuance of reports for non-listed and listed companies under US GAAP. From September 2009 to September 2011, he served as the audit manager for the City Auditor’s Office of the City of Long Beach, California. From January 2007 to September 2009, Mr. Launay served as the financial controller for Groupe Roullier, a food and chemical nutrient production and processing company in France. From January 2000 to December 2006, Mr. Launay served as a senior auditor, for PricewaterhouseCoopers in France and at the Los Angeles office, where he performed year-end audits for public and non-public companies as well as not for profit organizations. Mr. Launay earned a master’s degree in Finance and Accounting from the Business School of Tours in France (“ESCEM”), and completed coursework in accounting and finance in Rutgers University’s MBA program as part of his ESCEM graduate studies. Mr. Launay is a California Certified Public Accountant (inactive), has held a Certified Fraud Examiner license (inactive) and holds a Series 65 securities license.

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