Shoals Technologies Group Further Strengthens Executive Management Team With Appointment of New Chief Financial Officer

Rhea-AI Summary

Shoals Technologies Group, Inc. (Nasdaq: SHLS) has appointed Dominic Bardos as Chief Financial Officer, effective October 3, 2022. Bardos brings over 30 years of global finance experience, previously serving as CFO of Holley Inc. and holding senior finance roles at Tractor Supply Company and Terminix. The CEO of Shoals, Jason Whitaker, expressed optimism about Bardos' contribution to enhancing the company's financial performance and global growth strategies. Bardos holds a Bachelor’s and MBA from the University of Memphis.

Positive

• Dominic Bardos' extensive experience in public company finance may strengthen financial performance.
• Bardos' background in diverse industries can provide fresh perspectives for strategic growth.

Negative

• Transitioning to a new CFO may introduce temporary challenges in continuity and strategic alignment.

– Appoints Dominic Bardos to Chief Financial Officer –

PORTLAND, Tenn., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of systems (EBOS) solutions for solar, storage, and electric vehicle (EV) charging infrastructure, today announced that Mr. Dominic Bardos has been appointed as Chief Financial Officer, effective October 3, 2022.

Mr. Bardos is a seasoned public company financial executive with more than thirty years of global finance and accounting experience in multiple industries. His expertise includes financial planning, analysis, accounting, audit, SEC and regulatory compliance, treasury management, technology, strategic sourcing, supply chain, investor relations and talent development.

“We are excited to welcome Dominic to our Company’s executive leadership team,” said Jason Whitaker, Chief Executive Officer of Shoals. “His extensive experience as a public company finance leader will be instrumental in further supporting Shoals’ continued financial performance and execution of our global growth plans.”

Prior to joining Shoals, Mr. Bardos served as Chief Financial Officer of Holley Inc. (NYSE: HLLY), a manufacturer and distributor of performance automotive products. Prior to Holley Inc., Mr. Bardos served in senior finance positions with several category leaders, including Vice President of Finance at Tractor Supply Company (Nasdaq: TSCO), Chief Financial Officer of Cambridge Franchise Holdings, and Vice President of Finance and Divisional Chief Financial Officer of Terminix, the largest division of ServiceMaster (NYSE: SERV).

“It is a distinct honor to join Shoals with its experienced and accomplished executive leadership team,” said Mr. Bardos. “I look forward to leveraging my three decades of public company experience to contribute to Shoals’ well-established business fundamentals while supporting the efforts to accelerate growth as we continue to deliver shareholder value.”

Mr. Bardos graduated Cum Laude from the University of Memphis, Fogelman College of Business & Economics, with a Bachelor of Business Administration, and a Master in Business Administration.

About Shoals Technologies Group, Inc.

Shoals Technologies Group, Inc. is a leading provider of electrical balance of systems (EBOS) solutions for solar, storage, and electric vehicle charging infrastructure. Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability. Shoals Technologies Group, Inc. is a recognized leader in the renewable energy industry whose solutions are deployed on over 20 GW of solar systems globally. For additional information, please visit: https://www.shoals.com/.

Forward Looking Statements

This press release contains forward looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those in the Company’s annual report on Form 10-K and other reports filed with the Securities and Exchange Commission.

Contacts:

Investors:
Email: investors@shoals.com
Phone: 615-323-9836

Media:
Email: media@shoals.com

FAQ

Who is the new CFO of Shoals Technologies Group?

Dominic Bardos has been appointed as the new Chief Financial Officer of Shoals Technologies Group.

When will Dominic Bardos start as CFO of Shoals?

Dominic Bardos will assume the role of Chief Financial Officer on October 3, 2022.

What experience does Dominic Bardos bring to Shoals?

Bardos has over 30 years of finance experience, including roles as CFO at Holley Inc. and senior positions at Tractor Supply Company and Terminix.

How might Bardos' appointment affect Shoals Technologies Group?

His extensive finance background is expected to enhance financial performance and support the company's growth plans.

What is the stock symbol for Shoals Technologies Group?

The stock symbol for Shoals Technologies Group is SHLS.