The Sustainable Green Team, LTD. Appoints Former Elizabeth Arden/Revlon Executive as CFO
The Sustainable Green Team, LTD. (SGTM) announced the appointment of Joshua R. Wethington as Chief Financial Officer, effective January 31, 2023. Wethington's background includes over 25 years in financial and operational management in the beauty industry. His leadership is anticipated to enhance SGTM's financial performance and operational capabilities as the company expands. Notable January achievements include amending their quarterly reports, improving the mulch colorant division, and acquiring raw materials for production. CEO Tony Raynor expressed confidence in Wethington's ability to support the company's growth initiatives.
- Appointment of Joshua R. Wethington as CFO expected to strengthen financial oversight.
- Wethington's diverse experience from leading companies like Revlon to enhance business strategies.
- Recent operational improvements noted in financial performance.
- Expansion into new product segments anticipated to drive growth.
- Concerns regarding continuity due to management transition.
- Possible experience gap as the new CFO transitions from a different industry.
Orlando, FL, Feb. 06, 2023 (GLOBE NEWSWIRE) -- The Sustainable Green Team, LTD. (OTCQX: SGTM) (“SGTM” or the “Company”), a provider of environmentally conscious solutions in the arbor care, disposal, and recycling industries, announced the appointment of Joshua R. Wethington as Chief Financial Officer effective January 31, 2023. The appointment was made effective after SGTM’s successful January 2023 achievements that include: amending its period ended October 1, 2022 quarterly report, filing its FORM 10-12G, upgraded its mulch colorant division, and receiving VRM Biologik’s raw material to commence HumiSoil® production in the U.S.
Mr. Wethington brings over 25 years of financial, operational, and executive management experience from the Beauty Industry. His diverse background in strategy, business transformation, product development, acquisition(s) and treasury will provide experience to the executive team as SGTM expands product offerings into new business segments. As a leader with a strong background in employee engagement, Joshua has developed teams that have consistently demonstrated excellence in financial reporting, operations, and communication. Prior to joining SGTM, Mr. Wethington served as North Americas Vice President & Chief Financial Officer at Elizabeth Arden, Revlon, and Hair Club for Men.
Mr. Wethington commented, "I am very excited to join SGTM. I believe the potential for growth and value creation is tremendous, given the smart and passionate people that I have already met in the Company, a strong brand portfolio, and an attractive new product that will transform the world’s ability to restore nutrients back to our soil. Having played a leadership role in large scale business situations and industries, I am confident that we can develop and execute plans to drive material near term sales and margin expansion. I look forward to becoming part of the SGTM family and partnering with the team to build the business."
Tony Raynor, Chief Executive Officer, commented, "Joshua is a seasoned financial executive with a strong financial background in global organizations. His hands on approach through our recent consulting engagement already resulted in material improvements to our financial and operational performance. We believe he is well-equipped to work with all members of our team having led finance organizations at Revlon and Elizabeth Arden. Joshua has earned a reputation as a strong, 'hands on' leader and an excellent collaborator. I’m really excited for the company to have Joshua onboard as we take the business to the next level."
About The Sustainable Green Team, Ltd.
The Company is a wholesale manufacturer and national supplier of wood-based mulch, soil, including the soil amendment products: HumiSoil® and XLR8®, which are lumber products. The Company sells directly to mass merchandisers, home centers, hardware stores, nurseries, garden centers, convenience stores, food stores, and wholesale distributors. The Company’s primary corporate objective is to provide a solution for the treatment and handling of tree debris that has been historically sent to local landfills and disposal sites, creating an environmental burden and pressure on disposal sites around the nation.
To learn more, please visit: https://www.thesustainablegreenteam.com or visit SGTM’s YouTube Channel.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact
Nickolas S. Tabraue
Chief Compliance Officer and
Chief Investor Relations
(786) 375-7281
ntabraue@sgtmltd.com
FAQ
Who is the new Chief Financial Officer of SGTM?
What experience does Joshua Wethington bring to SGTM?
What recent achievements did SGTM report in January 2023?
What are the expectations for SGTM's growth with Wethington as CFO?
