Star Equity Holdings (STRR) Appoints Rick Coleman as CEO

Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today the appointment of Richard (“Rick”) K. Coleman, Jr. as Chief Executive Officer, effective April 1, 2022. In addition, Mr. Coleman will be nominated to serve as a director at the Company’s upcoming annual meeting of shareholders.

Mr. Coleman is a seasoned executive who brings to Star Equity extensive CEO leadership and board-level experience with numerous public and private companies. He was appointed as Star Equity’s Chief Operating Officer in January 2022 and has provided valuable insights and direction to our leadership and operating teams since that time. As CEO, Mr. Coleman will lead Star Equity’s business growth and oversee its overall operations.

“Rick brings extensive experience and leadership in the public company executive suite,” said Jeff Eberwein, Star Equity’s Executive Chairman. “Over the course of his career, he has provided executive leadership and driven operational excellence at various companies, particularly those experiencing rapid or fundamental strategic change. Given his strong background in various businesses, we look forward to leveraging his expertise to aggressively grow the Company.”

“Since joining Star Equity, I’ve been impressed both by the strength of our team and the magnitude of our opportunities for the future. The entire Star Equity team is not only incredibly talented, but also laser focused on generating shareholder value. I look forward to working alongside Jeff, the management team, and the board as we work together to execute our strategic business plan,” said Mr. Coleman.

Mr. Coleman brings more than 30 years of executive leadership experience with extensive expertise in business development, operational excellence, and acquisitions. He has served in a variety of senior executive roles, including President, CEO, and director of Command Center Inc., a provider of flexible on-demand employment solutions; President, CEO, and director of Crossroads Systems, Inc., a global provider of data archive solutions; CEO of Vroom Technologies Inc.; Chief Operating Officer of MetroNet Communications; and President of US West Long Distance. He also has held significant officer-level positions with Frontier Communications, Centex Telemanagement, and Sprint Communications.

He began his career as an Air Force Telecommunications Officer managing Department of Defense R&D projects. He has also served as an adjunct professor for Regis University’s graduate management program and is a guest lecturer for Denver University’s Pioneer Leadership Program, focusing on leadership and ethics. Mr. Coleman holds a master’s degree in Business Administration from Golden Gate University and is a graduate of the United States Air Force Communications System Officer School. He holds a Bachelor of Science Degree from the United States Air Force Academy and also has completed leadership, technology, and marketing programs at Kansas University, UCLA, and Harvard Business School.

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