BOWLING Green, Ky., December 12, 2022–(Enterprise WIRE)–Holley Inc. (NYSE: HLLY), the top system serving performance automotive fanatics, nowadays announced the appointment of Jesse Weaver as the Company’s Chief Fiscal Officer. Mr. Weaver will do well Stephen Trussell, who has served as the Company’s Interim Chief Monetary Officer considering the fact that September 30, 2022. Mr. Trussell will continue as the Company’s Vice President of Finance, a function he has held since 2009.
Mr. Weaver, who has just about 20 decades of encounter in finance, technique, and info analytics, will provide as a member of the executive management team and report straight to President and Chief Government Officer, Tom Tomlinson. Most recently, Mr. Weaver served as Senior Vice President of Finance at SmileDirectClub (NASDAQ: SDC), a teledentistry business and direct-to-shopper service provider of dental and orthodontics merchandise. Prior to that position, he was Vice President of Monetary Preparing and Assessment at Greenback Standard (NYSE: DG). Before joining Dollar General, Mr. Weaver held numerous management positions in finance at Yum! Models (NYSE: YUM) U.S. Pizza Hut division.
“We are pretty pleased to welcome Jesse as our CFO,” claimed Tom Tomlinson, Holley’s President and Chief Govt Officer. “He provides in depth world-wide finance and accounting experiences across numerous industries and he has a verified track document of driving final results.”
“I am excited to sign up for Holley at this exciting time in the Company’s progress and progress,” explained Mr. Weaver. “I have gotten to know the total management staff and Board, and I am amazed with the team’s determination to customer engagement, new products innovation, and the commitment to turn into the most powerful platform in the effectiveness automotive aftermarket room. I see a great sum of prospect for future benefit development at Holley and I look ahead to unlocking this opportunity for our shareholders.”
Jesse Weaver holds a Bachelor of Science in Finance from Belmont College and a Grasp of Business enterprise Administration from The University of Chicago Booth University of Small business.
Holley is a major designer, marketer, and manufacturer of superior-general performance merchandise for automobile and truck enthusiasts. Holley offers the largest portfolio of iconic brand names that deliver innovation and inspiration to a large and assorted local community of thousands and thousands of avid automotive fanatics who are passionate about the effectiveness and personalization of their vintage and modern day autos. Holley has disrupted the functionality group by putting the enthusiast consumer initial, producing innovative new merchandise, and building a strong M&A approach that has added significant scale and range to its system. For more details on Holley, go to https://www.holley.com.
Sure statements in this press launch may well be deemed “forward-looking statements” within just the that means of the “safe and sound harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Ahead-hunting statements typically relate to potential gatherings or Holley’s long run economical or running efficiency. For case in point, projections of long run revenue and adjusted EBITDA and other metrics are forward-wanting statements. In some situations, you can detect forward-hunting statements by terminology these kinds of as “may well,” “should really,” “count on,” “intend,” “will,” “estimate,” “anticipate,” “feel,” “predict,” “or” or the negatives of these terms or variations of them or similar terminology. These kinds of ahead-looking statements are issue to hazards, uncertainties, and other elements which could bring about precise success to differ materially from individuals expressed or implied by these types of ahead-searching statements. These ahead-wanting statements are dependent on estimates and assumptions that, while regarded as affordable by Holley and its management, are inherently uncertain. Components that may possibly induce real effects to vary materially from present anticipations incorporate, but are not limited to: 1) the ability to identify the predicted rewards of the enterprise mix with Empower LTD, which may well be afflicted by, among the other factors, level of competition, the potential of the combined corporation to expand and deal with growth profitably, manage relationships with buyers and suppliers and retain its administration and vital workers 2) prices related to the business enterprise blend and Holley starting to be a community organization 3) disruptions to Holley’s functions, such as as a final result of cybersecurity incidents 4) variations in applicable rules or restrictions 5) the end result of any lawful proceedings that may possibly be instituted in opposition to Holley 6) normal financial and political circumstances, such as political tensions and war (these kinds of as the ongoing conflict in Ukraine) 7) the risk that Holley may perhaps be adversely afflicted by other economic, business and/or competitive aspects 8) Holley’s estimates of its financial effectiveness 9) the effects of the novel coronavirus condition pandemic and its effect on business and financial disorders 10) our skill to foresee and control through disruptions and higher fees in producing, source chain, logistical operations, and shortages of specified business items in distribution channels and 11) other risks and uncertainties established forth in the section entitled “Chance Factors” and “Cautionary Take note About Ahead-Wanting Statements” in the Once-a-year Report on Variety 10-K for the calendar year finished December 31, 2021 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 15, 2022, and that are or else described or current from time to time in Holley’s filings with the SEC. While Holley thinks the expectations mirrored in the forward-looking statements are realistic, practically nothing in this push release should really be regarded as a representation by any person that the ahead-wanting statements or projections established forth herein will be realized or that any of the contemplated final results of these forward searching statements or projections will be accomplished. There may perhaps be added threats that Holley presently does not know or that Holley at this time thinks are immaterial that could also trigger true results to vary from those people contained in the ahead-searching statements. You ought to not place undue reliance on ahead-seeking statements, which speak only as of the day they are created. Holley undertakes any duty to update these forward-hunting statements, other than as or else necessary by regulation.
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Ross Collins or Stephen Poe
Alpha IR Group