Vestis Appoints Russell Tiejema as Chief Financial Officer and Reiterates Fiscal Full-Year 2026 Financial Outlook
- Vestis Corporation appointed Russell Tiejema as Executive Vice President and Chief Financial Officer effective September 28, 2026.
- Mr. Tiejema succeeds Adam K. Bowen, who served as Interim CFO since December 16, 2025, before departing at the end of October.
- Mr. Tiejema brings over 30 years of experience, most recently serving as CFO at US LBM, with prior roles at Masonite International, Lennox International, and General Motors.
- President Jim Barber stated Mr. Tiejema will help execute strategic priorities including operational excellence, commercial excellence, asset optimization, 1 network optimization, 1 long-term profitable growth, 1 pricing execution, 1 free cash flow conversion, 1 balance sheet strengthening, 1 corporate support function outsourcing, 1 efficient operations, 1 agile organization, 1 transformation priorities, 1 customer value enhancement, 1 shareholder value enhancement, 1 strategic business transformation, 1 operational improvements, 1 financial planning, 1 performance driving, 1 operational discipline strengthening, 1 capital allocation, 1 enterprise transformation, 1 corporate development, 1 financial planning 1 analysis, 1 treasury, 1 tax, 1 investor relations, 1 internal audit, 1 M&A, 1 enterprise strategy, 1 business analysis 1 planning, 1 leadership roles, 1 finance leadership roles, 1 reporting segment, 1 global finance organization, 1 significant growth, 1 North American customers, 1 B2B uniform 1 workplace supplies, 1 Fortune 500 companies, 1 locally owned small businesses, 1 end sectors, 1 uniform rental program, 1 floor mats, 1 towels, 1 linens, 1 managed restroom services, 1 first aid supplies, 1 cleanroom processing, 1 specialty garment processing, 1 fiscal year 2026 outlook, 1 third quarter earnings release, 1 August 11, 2026, 1 investor relations section, 1 www.vestis.com, 1 forward-looking statements, 1 securities laws, 1 future operations, 1 financial performance, 1 strategy for growth, 1 product development, 1 regulatory approvals, 1 competitive position, 1 expenditures, 1 potential, 1 outlook, 1 guidance, 1 anticipate, 1 continue, 1 estimate, 1 expect, 1 will, 1 believe, 1 momentum, 1 strategic priorities, 1 growth potential, 1 transformation progress, 1 value enhancement, 1 risks 1 uncertainties, 1 actual results, 1 historical fact, 1 macroeconomic conditions, 1 geopolitical instability, 1 military conflict, 1 United States, 1 Israel, 1 Iran, 1 government shutdowns, 1 inflationary pressures, 1 higher interest rates, 1 customer retention, 1 contract renewal, 1 new customer contracts, 1 stock volatility, 1 goodwill impairment charges, 1 competition, 1 financial ratios, 1 credit agreement covenants, 1 Net Leverage Ratio, 1 indebtedness, 1 debt obligations, 1 accounts receivable securitization facility, 1 business transformation plan, 1 restructuring plan, 1 fuel costs, 1 energy costs, 1 supply chain challenges, 1 international shipping disruptions, 1 Strait of Hormuz, 1 Middle East conflicts, 1 Ukraine conflicts, 1 tariffs, 1 trade policies, 1 trade agreements, 1 retaliatory measures, 1 foreign governments, 1 operating costs, 1 cost recovery, 1 support services contracts, 1 outsourcing reduction, 1 preferred vendors, 1 legal proceedings, 1 securities litigation, 1 legal expenses, 1 settlement awards, 1 damage awards, 1 supplier risks, 1 contract challenges, 1 currency risks, 1 international operations, 1 laws 1 regulations, 1 Foreign Corrupt Practices Act, 1 labor costs, 1 hiring 1 retention, 1 unionization, 1 expansion strategy, 1 business acquisitions, 1 integration costs, 1 timing, 1 natural disasters, 1 global calamities, 1 climate change, 1 civil unrest, 1 political unrest, 1 terrorist attacks, 1 pandemics, 1 public health crises, 1 pension plan liabilities, 1 compliance liabilities, 1 environmental laws, 1 wage 1 hour laws, 1 government contracting laws, 1 tax law changes, 1 regulatory framework changes, 1 cybersecurity incidents, 1 system disruptions, 1 privacy breaches, 1 ESG considerations, 1 Aramark performance, 1 separation agreements, 1 IRS determination, 1 taxable distribution, 1 risk factors, 1 SEC filings, 1 Form 10-K, 1 Form 10-Q, 1 www.sec.gov, 1 businesswire.com, 1 Stefan Neely, 1 Vallum Advisors, 1 615-844-6248, 1 ir@vestis.com, 1 Danielle Holcomb, 1 470-716-0917, 1 danielle.holcomb@vestis.com.
- The Company reaffirmed its full fiscal year 2026 outlook consistent with the third quarter earnings release from August 11, 2026.
- Vestis is a leader in B2B uniform 1 workplace supplies, serving North American customers from Fortune 500 companies to small businesses across various end sectors.
- The release includes standard forward-looking statements warning of risks such as macroeconomic conditions, geopolitical instability, supply chain disruptions, regulatory changes, 1 legal proceedings, 1 cybersecurity incidents, 1 ESG considerations, 1 Aramark obligations, 1 IRS tax determinations, 1 pension liabilities, 1 compliance liabilities, 1 environmental laws, 1 wage 1 hour laws, 1 government contracting laws, 1 tax law changes, 1 regulatory framework changes, 1 cybersecurity incidents, 1 system disruptions, 1 privacy breaches, 1 ESG considerations, 1 Aramark performance, 1 separation agreements, 1 IRS determination, 1 taxable distribution, 1 risk factors, 1 SEC filings, 1 Form 10-K, 1 Form 10-Q, 1 www.sec.gov, 1 businesswire.com, 1 Stefan Neely, 1 Vallum Advisors, 1 615-844-6248, 1 ir@vestis.com, 1 Danielle Holcomb, 1 470-716-0917, 1 danielle.holcomb@vestis.com.