Kforce Government Solutions, Inc. (KGS) announced today that the Company’s Board of Directors has appointed Maureen Coyle as Chief Executive Officer (CEO), effective July 1. Ms. Coyle takes over from Pat Moneymaker, who has served as the Company’s CEO since 2014. Mr. Moneymaker will continue to serve as Chairman of the Board.
Ms. Coyle, who joined KGS in 2016 as its Chief Strategy Officer (CSO), has made significant contributions to the Company as CSO, Chief Growth Officer and as President.
“Maureen represents an extraordinary combination of strong management, reputation for integrity and results, and knowledge of the healthcare and IT needs across the Federal Government,” said Mr. Moneymaker. “I am thrilled at the prospects for KGS that this leadership transition will bring.”
Ms. Coyle has brought 27 years of executive management experience and deep healthcare IT knowledge to her role at KGS. Prior to joining the Company, she spent ten years at the Department of Veterans Affairs, more recently as a Senior Executive in the Office of Information and Technology and formerly as a Program Manager in the Veterans Health Administration.
“I am honored to be appointed to lead KGS,” said Coyle. “I know that I speak for everyone at the Company in thanking Pat for his leadership and service. KGS has been fantastic to be a part of, and I look forward to leading the next phase of the KGS journey.”
Kforce Government Solutions, Inc. (KGS) is a provider of management and technology solutions to the Federal Government and State and local agencies. For more than 40 years, KGS has partnered with government to help solve complex mission and business challenges. We deliver customized solutions aligned to our clients’ unique needs across financial management; organizational transformation; and information technology. KGS also offers innovative health products, including TraumaFX® medical training manikins.
Kforce (Nasdaq:KFRC) is an award-winning professional staffing services firm that provides strategic partnership in the areas of Technology and Finance & Accounting. Our name stands for KnowledgeForce® which describes the experience we’ve gained since 1962 and the 23,000 highly skilled professionals we engage annually. The customer-centric Kforce Knowledge Staffing Process allows for high- touch, relationship-driven results backed by progressive technologies. Each year, our network of over 60 offices and two national recruiting centers provides opportunities across 4,000 companies, including 70% of the Fortune 100. At Kforce, We love what we do. We love who we serve®.
Certain of the above statements contained in this press release, including earnings projections, are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Factors that could cause actual results to differ materially include the following: business conditions, growth in temporary staffing and the general economy; competitive factors, risks due to shifts in the market demand; a reduction in the supply of candidates or the Firm's ability to attract such candidates; the success of the Firm in attracting and retaining revenue-generating talent; changes in the service mix; ability of the Firm to repurchase shares; the occurrence of unanticipated expenses; the effect of adverse weather conditions; changes in our effective tax rate; changes in government regulations, laws and policies that are adverse to our businesses; risk of contract performance, delays or termination or the failure to obtain awards, task orders or funding under contracts; changes in client demand and our ability to adapt to such changes; and the risk factors listed from time to time in the Firm’s reports filed with the Securities and Exchange Commission, including the Firm’s Form 10-K for the fiscal year ending December 31, 2017, as well as assumptions regarding the foregoing. In particular, the Firm makes no assurances that the estimates of continuing operations will be achieved or that we will continue to increase our market share, successfully manage risks to our revenue stream, successfully put into place the people and processes that will create future success or further accelerate our revenue. The terms “should,” “believe,” “estimate,” “expect,” “intend,” “anticipate,” “foresee,” “plan” and similar expressions and variations thereof contained in this press release identify certain of such forward-looking statements, which speak only as of the date of this press release. As a result, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Future events and actual results may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and the Firm undertakes no obligation to update any forward-looking statements.
Michael R. Blackman
Chief Corporate Development Officer