Vestis Corporation ( (VSTS) ) just unveiled an update.
On March 18, 2025, Vestis Corporation announced that Kim Scott, its President and CEO, has left her roles and resigned from the Board of Directors. There was no disagreement between Ms. Scott and the company regarding its operations or policies. Phillip Holloman, who has been the Chairman of the Board since September 2023, has been appointed as the interim Executive Chairman, President, and CEO. Mr. Holloman, a retired executive from Cintas Corporation, brings extensive experience to his new role and will receive a monthly cash compensation and restricted stock units. His appointment is expected to provide stability and continuity for Vestis during this transition period.
More about Vestis Corporation
YTD Price Performance: -28.16%
Average Trading Volume: 1,776,713
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.44B
Learn more about VSTS stock on TipRanks’ Stock Analysis page.
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