Prominent Industry Leaders Join Volt Workforce Solutions

NEW YORK—August 22, 2018—Volt Information Sciences, Inc. (“Volt” or the “Company”) (NYSE-MKT: VISI), a global staffing and services company, announced it has hired two key business executives, further strengthening Volt’s senior leadership team as the Company advances its growth and profitability strategies. Joining the Company are Lori Schultz, Chief Operating Officer, Volt Workforce Solutions and Lauren Griffin, Senior Vice President, Specialty Solutions Group, Volt Workforce Solutions.

“Perhaps the most important part of our effort to strengthen and grow Volt is to have the requisite talent in place to lead our organization. I am pleased to announce that we have attracted world-class talent to propel this Company forward and drive results,” said Linda Perneau, Volt’s Interim President & CEO. “Lori and Lauren are proven industry leaders with demonstrated success in building strong teams, driving revenue and producing positive outcomes. I am confident that these executives are the right leaders – both on a personal and professional level – to deliver on our strategy. Together with Volt’s existing team, these leadership changes will enhance our ability to increase shareholder value, while providing outstanding service to our clients and employees.”

Lori Schultz, Chief Operating Officer, Volt Workforce Solutions –Ms. Schultz joins Volt at the height of her successful career spanning 25 years in the global staffing industry, most recently with Pontoon.  She began her career with Manpower and then moved to Adecco where she was consistently promoted to various leadership roles, culminating in the position of Senior Vice President leading two major business units -- Ajilon IT Consulting and Adecco Technical/Medical & Sciences/Energy and Government Services.  In 2009, she became Global President of Yoh Services, where she led a successful business transformation which resulted in returning the business to profitability in just one year by improving sales, marketing, and operations. Most recently, Ms. Schultz served as the Senior Vice President, Global Program Management at Pontoon, where she was responsible for Global Management Services, RPO and Statement of Work Solutions.  

Lauren Griffin, Senior Vice President, Specialty Solutions Group, Volt Workforce Solutions –Ms. Griffin has over 25 years of significant experience leading sales and operations in the staffing industry, primarily with Adecco. She began her career at TAD Resources International, which was acquired by Adecco. Ms. Griffin enjoyed success that earned her successive roles of increasing responsibility in sales and operations. Most recently, she was the Senior Vice President, North Central Division, where she led sales, account management, recruitment and operations.

About Volt Information Sciences, Inc.

Volt Information Sciences, Inc. is a global provider of staffing services (traditional time and materials-based as well as project-based. Our staffing services consist of workforce solutions that include providing contingent workers, personnel recruitment services, and managed staffing services programs supporting primarily administrative, technical, information technology, light-industrial and engineering positions. Our managed service programs involve managing the procurement and on-boarding of contingent workers from multiple providers. Our customer care solutions business specializes in serving as an extension of our customers' consumer relationships and processes including collaborating with customers, from help desk inquiries to advanced technical support. Our complementary businesses offer customer care call centers, customized talent, and supplier management solutions to a diverse client base. Volt services industries including aerospace, automotive, banking and finance, consumer electronics, information technology, insurance, life sciences, manufacturing, media and entertainment, pharmaceutical, software, telecommunications, transportation, and utilities.  For more information visit www.volt.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to a number of known and unknown risks, including, among others, the Company’s ability to strengthen its sales and service delivery efforts, capitalize on trends in the staffing industry, increase market share and achieve sales growth that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Information concerning these and other factors that could cause actual results to differ materially from those in the forward-looking statements are contained in company reports filed with the Securities and Exchange Commission. Copies of the Company’s latest Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission, are available without charge upon request to Volt Information Sciences, Inc., 1133 Avenue of the Americas, 15th Floor, New York, New York 10036, Attention: Shareholder Relations. These and other SEC filings by the Company are also available to the public over the Internet at the SEC’s website at www.sec.gov and at the Company’s website at www.volt.com in the Investors section.

Investor Contacts:
Volt Information Sciences, Inc.
Paul Tomkins, 212-704-7921
voltinvest@volt.com
or
Addo Investor Relations
Lasse Glassen, 310-829-5400
lglassen@addoir.com

Source: Volt Information Sciences, Inc.