ST. LOUIS - Advantage Solutions Inc. (NASDAQ: ADV), a prominent provider of business solutions to consumer goods companies with a market capitalization of approximately $940 million, announced Monday the appointment of George Johnson as Chief Workforce Operations Officer, a position effective December 31. Johnson, with a notable history in labor management, will join the executive leadership team and report directly to CEO Dave Peacock. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics, despite facing recent market challenges.
In this new role, Johnson will be responsible for overseeing the company's workforce strategy, particularly focusing on frontline workers. His duties will encompass talent acquisition, workforce enablement, and safety, with an emphasis on optimizing the deployment of talent across over 100,000 retail stores annually. The company generates nearly $4 billion in annual revenue, though InvestingPro data indicates analysts anticipate a sales decline in the current year.
Peacock expressed optimism about Johnson's addition to the team, citing his decades of experience in enhancing field execution and efficiency. Johnson's background includes a successful tenure at Sysco Corp (NYSE:SYY). as President of the Carolinas region and various leadership positions at Aramark and Aramark Healthcare.
Johnson shared his enthusiasm for joining Advantage Solutions, highlighting his commitment to improving the experience of frontline workers. He emphasized the importance of feeling respected and connected within the team to achieve collective success.
Advantage Solutions, recognized as a leading omnichannel retail solutions agency in North America, aims to bridge the gap between consumer-packaged goods (CPG) brands and retailers. The company is known for its data- and technology-driven services that enable brands and retailers to generate demand and deliver products to consumers across various shopping channels. While currently showing an overall "Fair" financial health score, InvestingPro analysis reveals that net income is expected to grow this year, with analysts predicting a return to profitability. Discover 8 more exclusive ProTips and comprehensive financial analysis with an InvestingPro subscription.
The information regarding Johnson's appointment and his anticipated contributions to Advantage Solutions is based on a press release statement from the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.