BETHESDA, Md., Feb. 02, 2023 (GLOBE NEWSWIRE) — Liquidity Services LQDT www.liquidityservices.com))), a global reverse supply chain solution provider with the world’s largest surplus business marketplace, today made the following announcements regarding its Board of Directors, in line with its long-term succession planning.

Effective February 1, 2023, Patrick W. Gross will step down from the Company’s Board of Directors after 22 years of dedicated service, in accordance with the Company’s succession plan to allow for the addition of new directors. Mr. Gross joined the Company’s Board of Directors in February 2001 and has been Lead Director since 2013. Mr. Gross was a member of the Audit Committee and the Corporate Governance and Nominating Committee from 2006 until his retirement. From 2006 to 2015, Mr. Gross was also Chairman of the Compensation Committee.

“Pat has been a consistent and insightful advisor to us since Liquidity Services was formed and we will miss him. As our first independent director, his influence on our sound governance policies and his prudent management and collegiality with our fellow directors has been significant and the leadership team has served us very well over the years. I am grateful for all of Pat’s contributions to Liquidity Services and wish him and his family well in his retirement,” said Bill Angrick, Chairman and CEO.

Liquidity Services also announced today the appointment of Thierno “Amath” Fall to the Company’s Board of Directors and to the Audit Committee of the Board of Directors, effective February 1, 2023.

“We are delighted to welcome Amath to the Board,” said Mr. Angrick. “We are confident that his two decades of leadership experience in both financial and operational roles for Liquidity Services will be invaluable as we continue our mission of building a brighter future for surplus businesses and government agencies.”

Mr. Fall is currently an Operating Partner at The Sterling Group, a…