WASHINGTON–(BUSINESS WIRE)–May 22, 2014–
Liquidity Services, Inc. (NASDAQ:LQDT), a global solutions provider in
the reverse supply chain with the leading online marketplace for
business surplus, is pleased to announce Phil Clough, a Director from
its board, has been recognized as an “Outstanding Director” by the
Washington Business Journal.
“We are truly pleased to see Phil receive this recognition for his board
service,” said Bill Angrick, Chairman and CEO of Liquidity Services.
“Phil has served on our board for the past decade through many of the
critical points in our growth. His philosophy of prudent risk-taking –
aligning strategy to the growth goals of the business – has helped to
set the standards for our organization as we lead the way forward in the
$150 billion reverse supply chain industry.”
The Washington Business Journal recently hosted its third annual
Outstanding Directors Awards Gala at the Four Seasons Hotel in
Washington, D.C., acknowledging an impressive list of 10 Directors for
their board service.
“The real reward has been working with this great management team and
fellow board members through all the tremendous progress, change, and
growth the company has had over the past ten years,” said Mr. Clough. “I
enjoy being around high growth companies and Liquidity Services has a
very unique place in the market. I am very honored by the award.”
Mr. Clough has served as a Director of Liquidity Services since
September 2004. He is a Managing General Partner of ABS Capital Partners
(“ABS Capital”), a growth equity firm. Since 1990, ABS Capital has
funded over 100 growth companies. Prior to joining ABS Capital, Mr.
Clough was President and Chief Executive Officer of Sitel Corporation, a
publicly-traded, global provider of outsourced customer support
services, from May 1998 to March 2001. In addition to serving as a
Director of Liquidity Services, he currently serves on the boards of
several high growth, private companies.
About Liquidity Services, Inc.
Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations,
public sector agencies, and buying customers the world’s most
transparent, innovative, and effective online marketplaces and
integrated services for surplus assets. On behalf of its clients,
Liquidity Services has completed the sale of over $4.7 billion of
surplus assets in over 500 product categories, including consumer goods,
capital assets, and industrial equipment. The company is based in
Washington, D.C. and has more than 1,300 employees. Additional
information can be found at: http://www.liquidityservices.com.
Source: Liquidity Services, Inc.
Liquidity Services, Inc.
Sultana F. Ali, APR