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Swisher Announces Appointment Of William M. Pierce As New President And Chief Executive Officer

Stocks in this article: SWI SWSH

CHARLOTTE, N.C., Sept. 16, 2013 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc. ("Swisher") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential hygiene and sanitizing products and services, today announced that its Board of Directors has appointed current director William M. Pierce as Swisher's new President and Chief Executive Officer, effective immediately. Thomas C. Byrne will be returning to his prior position of Executive Vice President.  

"The Board is pleased that Bill has accepted the position of President and Chief Executive Officer of Swisher," said Richard L. Handley, Chairman of the Board for Swisher. "As we mentioned at our Shareholders meeting in June, this year will be focused on improving operations, strengthening our customer service, and simplifying our business model. With the addition of Bill's leadership to the management team, and with his 40 years of operating experience, we can further accelerate these initiatives."

"Over the past year, Tom has helped define this future direction of Swisher; under his leadership, we were able to complete a difficult review and restatement process and return to a current filing status with the SEC," continued Mr. Handley. "Further, we put in place a cost rationalization program from which we are beginning to see significant benefits, and we are starting to see a return to sequential quarterly revenue growth. The Board of Directors thanks him for his able stewardship, and we know he will continue to make valuable contributions to the Company."

Mr. Pierce has served as a director of Swisher and a member of the Company's Audit and Compensation Committees since June 2013.  In his new position as President and CEO, he will resign from these Committee positions as required by NASDAQ listing requirements. Mr. Pierce has held the position of Senior Vice President at Huizenga Holdings, Inc. since 1990, where he has also served as chief operating officer, chief financial officer and as an officer and director of numerous private and public portfolio companies. Mr. Pierce's positions have included President of Frederica Hospitality Group, LLC, five years as Chief Financial Officer and Executive Vice President of Dolphins Enterprises where he was responsible for all non-football business operations of the Miami Dolphins and Sun Life Stadium, and Chief Operating Officer of two route-based businesses, Sparkle, Inc. and Blue Ribbon Water Company. Previously, Mr. Pierce spent five years as the Senior Vice President and Chief Financial Officer of Boca Resorts Inc., a NYSE-traded company until its sale in 2004, where he was primarily responsible for the day-to-day oversight and the growth of the company, as well as raising equity and debt in the public markets.  Prior to Huizenga Holdings, Mr. Pierce spent 11 years as a senior operating executive of Sky Chefs, a wholly owned subsidiary of American Airlines and seven years in senior management positions in the food and beverage industry.  He received his B.S. in Accounting from the University of Texas at El Paso.

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