Climb Global Solutions Appoints Paul Giovacchini to its Board of Directors
Climb Global Solutions (NASDAQ:CLMB) has appointed Paul Giovacchini to its Board of Directors, expanding the board to seven members, with six independent directors under Nasdaq listing standards. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership.
Currently serving as Lead Independent Director of TPI Composites (NASDAQ:TPIC), where he previously served as Chairman, Giovacchini also works as an independent consulting advisor to Advantage Capital Management. He holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School.
The appointment aligns with Climb's strategy to strengthen its operational foundation and advance organic and inorganic growth initiatives in the global IT channel, where the company provides sales and distribution solutions for technology vendors.
Climb Global Solutions (NASDAQ:CLMB) ha nominato Paul Giovacchini nel suo Consiglio di Amministrazione, portando il numero dei membri a sette, di cui sei direttori indipendenti secondo gli standard di quotazione Nasdaq. Giovacchini vanta oltre 30 anni di esperienza nel private equity, nella governance aziendale e nella leadership di consigli di amministrazione.
Attualmente ricopre il ruolo di Lead Independent Director presso TPI Composites (NASDAQ:TPIC), dove in precedenza è stato Presidente, e lavora anche come consulente indipendente per Advantage Capital Management. Ha conseguito una laurea in Economia presso la Stanford University e un M.B.A. alla Harvard Business School.
La nomina è in linea con la strategia di Climb di rafforzare le basi operative e promuovere iniziative di crescita organica e acquisizioni nel canale IT globale, dove l’azienda offre soluzioni di vendita e distribuzione per fornitori tecnologici.
Climb Global Solutions (NASDAQ:CLMB) ha nombrado a Paul Giovacchini en su Junta Directiva, ampliando el consejo a siete miembros, con seis directores independientes según las normas de cotización de Nasdaq. Giovacchini aporta más de 30 años de experiencia en capital privado, gobernanza corporativa y liderazgo en juntas directivas.
Actualmente se desempeña como Director Independiente Principal de TPI Composites (NASDAQ:TPIC), donde anteriormente fue presidente, y también trabaja como asesor consultor independiente para Advantage Capital Management. Posee una licenciatura en Economía de la Universidad de Stanford y un M.B.A. de la Harvard Business School.
El nombramiento se alinea con la estrategia de Climb de fortalecer su base operativa y avanzar en iniciativas de crecimiento orgánico e inorgánico en el canal global de TI, donde la empresa ofrece soluciones de ventas y distribución para proveedores tecnológicos.
Climb Global Solutions (NASDAQ:CLMB)는 이사회에 Paul Giovacchini를 임명하여 이사회 구성원을 일곱 명으로 확대했으며, 그중 여섯 명은 나스닥 상장 기준에 따른 독립 이사입니다. Giovacchini는 사모펀드, 기업 거버넌스 및 이사회 리더십 분야에서 30년 이상의 경력을 보유하고 있습니다.
현재 TPI Composites (NASDAQ:TPIC)에서 수석 독립 이사로 재직 중이며, 이전에는 회장을 역임했으며 Advantage Capital Management의 독립 컨설팅 고문으로도 활동하고 있습니다. 그는 스탠퍼드 대학교에서 경제학 학사 학위를, 하버드 비즈니스 스쿨에서 MBA를 취득했습니다.
이번 임명은 Climb가 운영 기반을 강화하고 글로벌 IT 채널에서 유기적 및 무기적 성장 전략을 추진하는 데 부합하며, 회사는 기술 공급업체를 위한 판매 및 유통 솔루션을 제공합니다.
Climb Global Solutions (NASDAQ:CLMB) a nommé Paul Giovacchini à son conseil d'administration, portant le nombre de membres à sept, dont six administrateurs indépendants conformément aux normes de cotation Nasdaq. Giovacchini apporte plus de 30 ans d'expérience en capital-investissement, gouvernance d'entreprise et direction de conseils d'administration.
Il occupe actuellement le poste de Lead Independent Director chez TPI Composites (NASDAQ:TPIC), où il a précédemment été président, et travaille également en tant que conseiller indépendant pour Advantage Capital Management. Il est titulaire d'un B.A. en économie de l'Université de Stanford et d'un M.B.A. de la Harvard Business School.
Cette nomination s'inscrit dans la stratégie de Climb visant à renforcer sa base opérationnelle et à faire progresser les initiatives de croissance organique et inorganique dans le canal informatique mondial, où la société fournit des solutions de vente et de distribution aux fournisseurs de technologies.
Climb Global Solutions (NASDAQ:CLMB) hat Paul Giovacchini in seinen Vorstand berufen und erweitert das Gremium damit auf sieben Mitglieder, davon sechs unabhängige Direktoren gemäß den Nasdaq-Listenanforderungen. Giovacchini bringt über 30 Jahre Erfahrung im Private Equity, in der Unternehmensführung und in der Leitung von Vorständen mit.
Derzeit ist er Lead Independent Director bei TPI Composites (NASDAQ:TPIC), wo er zuvor als Vorsitzender tätig war, und arbeitet zudem als unabhängiger Berater für Advantage Capital Management. Er hat einen B.A. in Wirtschaftswissenschaften von der Stanford University und einen M.B.A. von der Harvard Business School.
Die Ernennung entspricht der Strategie von Climb, die operative Basis zu stärken und organische sowie anorganische Wachstumsinitiativen im globalen IT-Kanal voranzutreiben, in dem das Unternehmen Vertriebs- und Distributionslösungen für Technologieanbieter anbietet.
- Board strengthened with experienced director having 30+ years in private equity and corporate governance
- Increased board independence with 6 out of 7 directors meeting Nasdaq independence standards
- Addition of expertise in global expansion and public company transformation
- None.
EATONTOWN, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced that the Company’s Board of Directors (the “Board”) has elected Paul Giovacchini to the Board. With the election of Mr. Giovacchini, Climb’s Board increased to seven total members, six of whom are independent under the Nasdaq listing standards.
Mr. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership across public and private companies. He currently serves as the Lead Independent Director of TPI Composites, Inc. (NASDAQ:TPIC), where he previously served as Chairman and helped lead the company’s transformation into a global public enterprise. Mr. Giovacchini also serves as an independent consulting advisor to Advantage Capital Management, supporting private equity and debt investment strategies. Mr. Giovacchini holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School.
“Paul brings a wealth of executive leadership, investment expertise, and operational insight to our Board,” said John McCarthy, Chairman of the Board. “His extensive experience across public and private enterprises, coupled with his strong financial background, will be invaluable as we continue to strengthen our operational foundation and advance our organic and inorganic growth initiatives.”
Mr. Giovacchini stated, “Climb has built an impressive platform in the global IT channel, distinguished by its strong partnerships and consistent execution. As the Company enters its next chapter of growth, I’m honored to join the Board and contribute to its continued success. I look forward to leveraging my experience in governance, finance, and global expansion to support Climb’s long-term vision both domestically and abroad.”
About Climb Global Solutions
Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.
Additional information can be found by visiting www.climbglobalsolutions.com.
Forward-Looking Statements
The statements in this release, other than statements of historical fact, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements are subject to certain risks and uncertainties. Many of the forward-looking statements may be identified by words such as ”look forward,” “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. In this press release, the forward-looking statements relate to, among other things, declaring and reaffirming our strategic goals, future operating results, and the effects and potential benefits of the strategic acquisition on our business. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include, without limitation, statements concerning our plans and expectations in connection with the addition to the Board and other plans and expectations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described in the section entitled “Risk Factors” contained in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and from time to time in the Company’s filings with the Securities and Exchange Commission.
Company Contact
Matthew Sullivan
Chief Financial Officer
(732) 847-2451
MatthewS@ClimbCS.com
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
CLMB@elevate-ir.com
FAQ
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