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Vestis Announces CEO Transition

1. Vestis appoints Phillip Holloman as Interim CEO, succeeding Kim Scott. 2. Board engages a search firm for permanent leadership replacement.

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FAQ

Why Bullish?

Leadership changes can signal a new direction. Historically, interim CEOs often steer companies towards recovery.

How important is it?

Leadership transitions often create investor interest due to potential strategic shifts in the company.

Why Short Term?

Immediate leadership changes typically affect stock performance in the near term. Recent examples show a quick investor response to executive shifts.

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VSTSUNFIGWW
ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a leading provider of uniforms and workplace supplies, today announced that its Board of Directors (the “Board”) has appointed Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer, effective immediately. Holloman succeeds Kim Scott, who has departed from the Company and the Vestis Board of Directors. The Board has retained a leading executive search firm to assist with identif.

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