HireQuest Announces Executive Transition
HireQuest (NASDAQ:HQI) announced that CFO Steve Crane will retire effective May 31, 2025, with David Hartley, current VP of Operational Finance and Corporate Development, appointed as his successor. Hartley, who joined HireQuest in 2020, has been instrumental in executing over fifteen acquisitions and leading the company's growth strategy.
The transition has been planned for multiple years, with Crane supporting the handover process in the coming weeks. The company emphasized continuity with support from Chief Accounting Officer Cory Smith, who has been with HireQuest since 2016.
CEO Rick Hermanns praised Crane's contributions to developing the accounting and finance department, while expressing confidence in Hartley's capabilities, citing his business acumen, strategic understanding, and experience in driving shareholder value through acquisitions.
HireQuest (NASDAQ:HQI) ha annunciato che il CFO Steve Crane si ritirerà a partire dal 31 maggio 2025, con David Hartley, attuale VP di Finanza Operativa e Sviluppo Aziendale, nominato come suo successore. Hartley, che è entrato a far parte di HireQuest nel 2020, è stato fondamentale nell'esecuzione di oltre quindici acquisizioni e nella guida della strategia di crescita dell'azienda.
La transizione è stata pianificata per diversi anni, con Crane che supporterà il processo di passaggio nelle prossime settimane. L'azienda ha sottolineato la continuità con il supporto del Chief Accounting Officer Cory Smith, che è con HireQuest dal 2016.
Il CEO Rick Hermanns ha lodato i contributi di Crane nello sviluppo del dipartimento contabile e finanziario, esprimendo al contempo fiducia nelle capacità di Hartley, citando il suo acume commerciale, la comprensione strategica e l'esperienza nel generare valore per gli azionisti attraverso le acquisizioni.
HireQuest (NASDAQ:HQI) anunció que el CFO Steve Crane se retirará a partir del 31 de mayo de 2025, y David Hartley, actual VP de Finanzas Operativas y Desarrollo Corporativo, ha sido designado como su sucesor. Hartley, quien se unió a HireQuest en 2020, ha sido fundamental en la ejecución de más de quince adquisiciones y en la dirección de la estrategia de crecimiento de la empresa.
La transición ha sido planificada durante varios años, con Crane apoyando el proceso de entrega en las próximas semanas. La empresa enfatizó la continuidad con el apoyo del Chief Accounting Officer Cory Smith, quien ha estado en HireQuest desde 2016.
El CEO Rick Hermanns elogió las contribuciones de Crane al desarrollo del departamento de contabilidad y finanzas, mientras expresaba confianza en las capacidades de Hartley, citando su perspicacia comercial, comprensión estratégica y experiencia en la generación de valor para los accionistas a través de adquisiciones.
HireQuest (NASDAQ:HQI)는 CFO Steve Crane이 2025년 5월 31일부로 은퇴한다고 발표했으며, 현재 운영 재무 및 기업 개발 부사장인 David Hartley가 그의 후임으로 임명되었습니다. Hartley는 2020년에 HireQuest에 합류했으며, 15건 이상의 인수 거래를 수행하고 회사의 성장 전략을 이끄는 데 중요한 역할을 해왔습니다.
이번 전환은 여러 해에 걸쳐 계획되었으며, Crane은 앞으로 몇 주간 인수인계를 지원할 예정입니다. 회사는 2016년부터 HireQuest와 함께해온 Chief Accounting Officer Cory Smith의 지원을 통해 지속성을 강조했습니다.
CEO Rick Hermanns는 Crane이 회계 및 재무 부서를 발전시키는 데 기여한 점을 칭찬하며, Hartley의 능력에 대한 신뢰를 표명했습니다. 그는 Hartley의 비즈니스 감각, 전략적 이해 및 인수를 통한 주주 가치를 창출하는 경험을 언급했습니다.
HireQuest (NASDAQ:HQI) a annoncé que le CFO Steve Crane prendra sa retraite à compter du 31 mai 2025, avec David Hartley, actuel VP des Finances Opérationnelles et du Développement Corporatif, nommé comme son successeur. Hartley, qui a rejoint HireQuest en 2020, a joué un rôle clé dans l'exécution de plus de quinze acquisitions et dans la direction de la stratégie de croissance de l'entreprise.
Cette transition a été planifiée sur plusieurs années, Crane soutenant le processus de passation dans les semaines à venir. L'entreprise a souligné la continuité avec le soutien de Cory Smith, Directeur Comptable, qui est avec HireQuest depuis 2016.
Le CEO Rick Hermanns a salué les contributions de Crane au développement du département comptable et financier, tout en exprimant sa confiance dans les capacités de Hartley, citant son sens des affaires, sa compréhension stratégique et son expérience dans la création de valeur pour les actionnaires grâce aux acquisitions.
HireQuest (NASDAQ:HQI) gab bekannt, dass CFO Steve Crane zum 31. Mai 2025 in den Ruhestand geht, und David Hartley, der derzeitige VP für operative Finanzen und Unternehmensentwicklung, als sein Nachfolger ernannt wurde. Hartley, der 2020 zu HireQuest kam, war maßgeblich an der Durchführung von über fünfzehn Akquisitionen und der Leitung der Wachstumsstrategie des Unternehmens beteiligt.
Der Übergang wurde über mehrere Jahre geplant, wobei Crane den Übergabeprozess in den kommenden Wochen unterstützen wird. Das Unternehmen betonte die Kontinuität mit Unterstützung von Chief Accounting Officer Cory Smith, der seit 2016 bei HireQuest ist.
CEO Rick Hermanns lobte Cranes Beiträge zur Entwicklung der Buchhaltungs- und Finanzabteilung und äußerte Vertrauen in Hartleys Fähigkeiten, indem er dessen Geschäftssinn, strategisches Verständnis und Erfahrung in der Schaffung von Shareholder-Value durch Akquisitionen hervorhob.
- Planned and structured CFO succession indicates strong corporate governance
- New CFO has proven track record with 15+ successful acquisitions
- Company maintains leadership continuity with long-term CAO support since 2016
- Loss of experienced CFO Steve Crane could temporarily impact financial operations
Steve Crane to Retire as CFO May 31
David Hartley to Succeed Crane as CFO
GOOSE CREEK, SC / ACCESS Newswire / April 8, 2025 / HireQuest, Inc. (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that Steve Crane will retire from his role as Chief Financial Officer (CFO) effective May 31, 2025. David Hartley, currently the Company's Vice President of Operational Finance and Corporate Development, will succeed Crane as CFO. In the coming weeks, Crane will support the transition to his successor and contribute to certain strategic initiatives and special projects.
Rick Hermanns, HireQuest President and CEO, said, "We are grateful to Steve for his contributions to the Company. His deep experience and leadership brought meaningful development to the accounting and finance department and we wish him well in his future endeavors.
"David's business and financial acumen is extremely impressive," continued Hermanns. "His leadership within the Finance department, thorough understanding of our strategic initiatives, and role as main architect of the more than fifteen acquisitions we have completed over the past several years give him the experience and knowledge needed to create value for our shareholders and continue our growth trajectory. We are proud to welcome him as CFO.
"Continuity is important, and this planned transition follows multiple years of preparation. We believe our leadership team is the right group to lead us into the future. Steve's efforts in the next several weeks, along with the support of Cory Smith, our Chief Accounting Officer who has been with us since 2016, will ensure a smooth transition."
David Hartley joined HireQuest in 2020 to head the Company's acquisition team and execute its growth strategy. He was subsequently appointed to oversee the Operational Finance department within the greater Finance team. His deep understanding of HireQuest's business, strong track record of operational and financial leadership, and background in investment banking make him well-suited to serve as CFO.
David Hartley said, "I am excited for my new CFO role and the opportunity to execute our growth strategy and other strategic initiatives as we continue to focus on shareholder value."
Steve Crane added, "It has been my pleasure to have been HireQuest's CFO alongside an excellent team. I am proud to leave the Company in a strong financial position and believe the time is right for me to retire. I have worked closely with David in the past few years and believe firmly in his abilities. I look forward to assisting in this transition."
About HireQuest
HireQuest is a franchisor of staffing solutions with a presence across the U.S. and international markets. Through its primary divisions-HireQuest Direct, HireQuest Health, MRINetwork, Snelling, and TradeCorp - the company provides temporary, direct-hire, and contract staffing solutions across industries, including construction, light industrial, healthcare, finance, manufacturing, cybersecurity, and engineering. From on-demand staffing to executive search, HireQuest's divisions operate as one team for our customers -delivering workforce solutions that drive growth and change lives. For more information, visit www.hirequest.com
Important Cautions Regarding Forward-Looking Statements
This news release includes, and the company's officers and other representatives may sometimes make or provide certain estimates and other forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act, including, among others, statements with respect to future economic conditions, future revenue or sales and the growth thereof; operating results; anticipated benefits of acquisitions, or the status of integration of those entities; the declaration, or not, of future dividends; and other similar statements. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods.
While the company believes these statements are accurate, forward-looking statements are not historical facts and are inherently uncertain. They are based only on the company's current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. The company cannot assure you that these expectations will occur, and its actual results may be significantly different. Therefore, you should not place undue reliance on these forward-looking statements. Important factors that may cause actual results to differ materially from those contemplated in any forward-looking statements made by the company include the following: the level of demand and financial performance of the temporary staffing industry; the financial performance of the company's franchisees; changes in customer demand; economic uncertainty caused by macroeconomic trends including potential inflation or a recessionary environment; uncertainty in the supply chain or economy caused by Russia's invasion of Ukraine, the war between Israel and Palestine, or other global conflict; the relative success or failure of acquisitions and new franchised offerings; our success in reducing workers' compensation expenses; the extent to which the company is successful in gaining new long-term relationships with customers or retaining existing ones, and the level of service failures that could lead customers to use competitors' services; significant investigative or legal proceedings including, without limitation, those brought about by the existing regulatory environment or changes in the regulations governing the temporary staffing industry and those arising from the action or inaction of the company's franchisees and temporary employees; strategic actions, including acquisitions and dispositions and the company's success in integrating acquired businesses including, without limitation, successful integration following any of our various acquisitions; success or failure in determining how to allocate capital; disruptions to the company's technology network including computer systems and software; natural events such as severe weather, fires, floods, and earthquakes, or man-made or other disruptions of the company's operating systems; and the factors discussed in the "Risk Factors" section and elsewhere in the company's most recent Annual Report on Form 10-K and the quarterly reports on Form 10-Q filed thereafter.
Any forward-looking statement made by the company or its management in this news release is based only on information currently available to the company and speaks only as of the date on which it is made. The company and its management disclaim any obligation to update or revise any forward-looking statement, whether written or oral, that may be made from time to time, based on the occurrence of future events, the receipt of new information, or otherwise, except as required by law.
Company Contact:
HireQuest, Inc.
David Hartley, Vice President of Corporate Development
(800) 835-6755
Email: cdhartley@hirequest.com
Investor Relations Contact:
IMS Investor Relations
John Nesbett/Jennifer Belodeau
(203) 972-9200
Email: hirequest@imsinvestorrelations.com
SOURCE: HireQuest Inc
View the original press release on ACCESS Newswire
FAQ
When will Steve Crane retire as HQI's CFO and who is replacing him?
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What is David Hartley's background and experience at HQI?
How is HireQuest ensuring a smooth CFO transition?
