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Holley Appoints Consumer Retail Executive as Chief Financial Officer

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Holley has appointed Dominic Bardos as Chief Financial Officer, a seasoned executive with over 30 years of public company experience. Bardos, who previously served as VP of Finance for Tractor Supply Company and held various leadership roles at ServiceMaster, will play a vital role in Holley's growth as it transitions to a public company through a merger with Empower Ltd. (NYSE: EMPW). President Tom Tomlinson expressed confidence in Bardos's ability to deliver results and support Holley's success in the automotive enthusiast market.

Positive
  • Dominic Bardos brings over 30 years of financial experience, enhancing leadership.
  • His prior role at Tractor Supply Company showcases relevant public company expertise.
  • Appointment aligns with Holley's strategic growth as a public company.
Negative
  • Potential experience gaps in financial leadership during the transition phase.

Holley, the largest and fastest growing platform for performance automotive enthusiasts, today announced that Dominic Bardos has been appointed Chief Financial Officer. A seasoned financial executive with extensive public company experience, Mr. Bardos will serve as a member of the executive leadership team and report directly to President and Chief Executive Officer Tom Tomlinson.

“I am pleased to welcome Dominic Bardos as our CFO,” said Tomlinson. “Dominic brings over 30 years of global finance and accounting experience across multiple industries, including retail, consumer services, entertainment, and hospitality. He has a proven track record of delivering results and creating value. Dominic’s public company experience along with his expertise in providing insightful and actionable business analysis and his focus on leading and developing high-performing teams will play a vital role in supporting our success as a public company.”

Most recently, Mr. Bardos served as Vice President of Finance for Tractor Supply Company, the largest publicly traded rural lifestyle retailer. Previously, he served as Chief Financial Officer for Cambridge Franchise Holdings. Additionally, he held several leadership positions at ServiceMaster including three years as the divisional CFO for Terminix, their largest division. His experience also includes leadership positions in financial planning & analysis, strategic sourcing, supply chain, and customer service operations in large organizations such as Caesars Entertainment, Hilton Hotels, and Harrah’s Entertainment.

“I am thrilled to be joining Holley at such an exciting time in the company’s history and to have the opportunity to further elevate this brand that so many performance car and truck enthusiasts love. Those valuable consumer relationships and Holley’s long track record of innovation puts the company on a strong road to achieving growth, and I look forward to helping drive Holley on its journey,” said Bardos.

Dominic earned a Master of Business Administration in Finance and a Bachelor’s degree in Management from the University of Memphis, Fogelman College of Business & Economics.

The appointment comes after Holley recently entered into an agreement to become a public company through a business combination with Empower Ltd. (NYSE: EMPW, EMPW-UN, EMPW-WT), a publicly traded special purpose acquisition company. Holley’s majority shareholder is Sentinel Capital Partners, L.L.C., one of the nation’s leading midmarket private equity firms.

About Holley

Holley is a leading designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley has disrupted the performance category by putting the enthusiast consumer first, developing innovative new products, and building a robust M&A process that has added meaningful scale and diversity to its platform. For more information on Holley, visit www.holley.com.

About Empower, Ltd.

Empower is a blank check company formed by MidOcean Partners whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Empower’s management team is led by Mr. Rubel, its Chief Executive Officer and Executive Chairman of its Board of Directors, and Mr. Clempson, Empower’s President. Empower raised $250,000,000 in its initial public offering in October 2020 and is listed on the NYSE under the ticker symbols "EMPW", “EMPW-UN” and “EMPW-WT”. For more information, visit www.empowermidocean.com.

About Sentinel Capital Partners

Sentinel specializes in buying and building lower midmarket businesses in the United States and Canada in partnership with management. Sentinel targets business services, consumer, healthcare services, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. For more information about Sentinel, visit www.sentinelpartners.com.

FAQ

Who is the new CFO of Holley and what is his experience?

Dominic Bardos, the new CFO, has over 30 years of experience, previously serving as VP of Finance at Tractor Supply Company and holding leadership roles at ServiceMaster.

What is the significance of Holley's merger with Empower Ltd. (NYSE: EMPW)?

The merger with Empower Ltd. marks Holley's transition to a public company, aimed at enhancing its market presence and growth opportunities.

What role will Dominic Bardos play in Holley's growth as a public company?

Bardos will provide financial leadership and strategic insights to support Holley's expansion and success in the automotive enthusiast market.

What are the expected outcomes of Dominic Bardos's appointment at Holley?

Bardos's appointment is expected to enhance financial strategies and contribute to the company's growth trajectory as it goes public.

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