Target Hospitality President a – GuruFocus.com
THE FORESTS, Texas, May 24, 2022 /PRNewswire/ — Target Hospitality Corp. (“Target Hospitality”, “Target” or the “Company”) (NASDAQ: TH), one of North America leading providers of vertically integrated modular accommodations and value-added hospitality services, today announced that Brad Archer has agreed to remain in his position as President and Chief Executive Officer and to continue to serve on the Board of Directors of the Company by June 30, 2025.
“The decision to extend my tenure with the company is the result of personal reflection, ongoing conversations with the Board of Directors, and the transformational changes taking place within the company,” Mr. Archer said. . “We continue to make significant progress in our strategic diversification efforts and are poised to execute a very attractive contract that will solidify our position as the largest permanent solutions provider to the United States Government’s domestic humanitarian assistance missions. “This development, along with the opportunities we have identified to expand our business reach, are significant catalysts that will drive continued growth and value creation. Target’s future has never looked brighter, and I look forward to it.” to continue to work closely with the team to ensure flawless execution of our business plan.
Stephen RobertsonChairman of Target’s Board of Directors, said, “We appreciate Brad’s decision to extend his tenure with the company and help it through its next phase of evolution and growth. This is a mutually beneficial partnership that aligns with the shared goals of maximizing value for our shareholders, delivering exceptional service to our customers and creating more opportunities for our talented employees to grow. On behalf of the entire Board, we are excited and excited about the way forward.
About Target Hospitality
Target Hospitality is one of North America largest providers of vertically integrated modular accommodation and value-added hospitality services in United States. Target builds, owns and operates a personalized and growing network of communities for a range of end users through a comprehensive suite of value-added solutions including premium food service management, concierge, laundry, logistics , security and leisure facilities.
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SOURCE Target Hospitality