Vestis Announces Key Operations and Sales Leadership Appointments
23 Juli 2024 - 3:00PM
Business Wire
Bill Seward named Chief Operating Officer and
Peter Rego named Senior Vice President of Sales
Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a
leading provider of uniforms and workplace supplies, today
announced the appointment of Bill Seward as Chief Operating Officer
(COO), effective September 1, 2024, and Peter Rego as Senior Vice
President of Sales, effective immediately. Reporting directly to
CEO Kim Scott, both Seward and Rego will assume responsibility for
key aspects of the company’s strategic plan to achieve high-quality
growth, efficient operations, disciplined capital allocation and a
performance-driven culture. Additionally, the Company has aligned
its field organizational structure to support faster and
sustainable adoption of programs and procedures that enhance the
customer and teammate experience.
“I’m delighted to announce the appointment of both Bill and
Peter to our Vestis Management Team. These leaders bring strong
commercial and operations experience to Vestis and each will play a
key role in mobilizing our teams to execute against our strategic
plan,” said Kim Scott, President and Chief Executive Officer of
Vestis. “Both have a proven and impressive track record of
delivering results in distributed, route-based models while
providing best-in-class customer experiences, and their backgrounds
are well suited to support us in establishing a performance-driven
culture rooted in process discipline.”
Seward brings over 30 years of experience to Vestis. He joins
the Company from UPS Supply Chain Solutions where he oversaw
multiple business units including global logistics, freight
forwarding, warehousing and distribution as President. He
previously served as EVP and Chief Commercial Officer at
Stericycle, in addition to other leadership roles at UPS. As COO of
Vestis, Seward will apply his deep expertise and service-oriented
leadership to oversee field operations, customer experience,
logistics, global sourcing and manufacturing.
Rego joins Vestis with over 25 years of business and sales
experience, including 19 years at Cintas where he held sales
management roles of increasing responsibility and ultimately served
as a Sales Vice President. Additionally, he served as Chief Sales
Officer, North America at Kellermeyer Bergensons Services, Chief
Commercial Officer, USA at Lion Electric Co. and most recently as a
Sales Vice President at Verkada. Rego’s proven industry sales
leadership will be leveraged to enhance Vestis’ sales processes,
strengthen sales leadership, and create outstanding teammate
experiences in support of accelerating growth.
About Vestis™
Vestis is a leader in the B2B uniform and workplace supplies
category. Vestis provides uniform services and workplace supplies
to a broad range of North American customers from Fortune 500
companies to locally owned small businesses across a broad set of
end sectors. The Company’s comprehensive service offering primarily
includes a full-service uniform rental program, floor mats, towels,
linens, managed restroom services, first aid supplies, and
cleanroom and other specialty garment processing.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the securities laws. All statements that reflect our
expectations, assumptions, or projections about the future, other
than statements of historical fact, are forward-looking statements,
including, without limitation, statements regarding our strategy
for growth, optimization of our operations and our delivery of
best-in-class customer experience. In some cases, forward-looking
statements can be identified by words such as “strategy,” “will,”
“plan,” “continue to,” and other words and terms of similar meaning
or the negative versions of such words. These forward-looking
statements are subject to risks and uncertainties that may change
at any time, and actual results or outcomes may differ materially
from those that we expected. Forward-looking statements are not
guarantees of future performance and are subject to risks,
uncertainties, and changes in circumstances that are difficult to
predict including, but not limited to: unfavorable economic
conditions; increases in fuel and energy costs; the failure to
retain current customers, renew existing customer contracts and
obtain new customer contracts; natural disasters, global
calamities, climate change, pandemics, strikes and other adverse
incidents; increased operating costs and obstacles to cost recovery
due to the pricing and cancellation terms of our support services
contracts; a determination by our customers to reduce their
outsourcing or use of preferred vendors; risks associated with
suppliers from whom our products are sourced; challenge of
contracts by our customers; our expansion strategy and our ability
to successfully integrate the businesses we acquire and costs and
timing related thereto; currency risks and other risks associated
with international operations; our inability to hire and retain key
or sufficient qualified personnel or increases in labor costs;
continued or further unionization of our workforce; liability
resulting from our participation in multiemployer-defined benefit
pension plans; liability associated with noncompliance with
applicable law or other governmental regulations; laws and
governmental regulations including those relating to the
environment, wage and hour and government contracting; increases or
changes in income tax rates or tax-related laws; new
interpretations of or changes in the enforcement of the government
regulatory framework; a cybersecurity incident or other disruptions
in the availability of our computer systems or privacy incidents;
stakeholder expectations relating to environmental, social and
governance considerations; the expected benefits of the separation
from Aramark and the risk that conditions to the separation will
not be satisfied; the risk of increased costs from lost synergies;
retention of existing management team members as a result of the
separation from Aramark; reaction of customers, employees and other
parties to the separation from Aramark, and the impact of the
separation on our business; our leverage and ability to meet debt
obligations; any failure by Aramark to perform its obligations
under the various separation agreements entered into in connection
with the separation and distribution; a determination by the IRS
that the distribution or certain related transactions are taxable;
and the and the timing and occurrence (or non-occurrence) of other
transactions, events and circumstances which may be beyond our
control. The above list of factors is not exhaustive or necessarily
in order of importance. For additional information on identifying
factors that may cause actual results to vary materially from those
stated in forward-looking statements, see Vestis’ filings with the
Securities and Exchange Commission. Any forward-looking statement
speaks only as of the date on which it is made, and we assume no
obligation to update or revise such statement, whether as a result
of new information, future events or otherwise, except as required
by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240723171824/en/
Investors Michael Aurelio, CFA 470-653-5015
michael.aurelio@vestis.com
Media Danielle Holcomb 470-716-0917
danielle.holcomb@vestis.com
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