Joseph J. Liberatore to Succeed David L. Dunkel as CEO of Kforce, Effective January 1, 2022

TAMPA, Fla., Dec. 06, 2021 (GLOBE NEWSWIRE) -- Kforce Inc. (Nasdaq: KFRC) announced today that Joseph J. Liberatore, the Firm’s current President and a more than 30-year veteran of the Company will succeed David L. Dunkel as Chief Executive Officer (CEO), effective January 1, 2022. Mr. Liberatore has been appointed to the Board effective immediately and will stand for election to the Board, as a Class I Director, at the Firm’s annual meeting of shareholders in 2022.

Mr. Dunkel has held the CEO position at Kforce (the “Company” or the “Firm”) and its predecessors for over 40 years and has worked very closely with Mr. Liberatore during his more than 30 years of service with Kforce. Mr. Dunkel will retire effective December 30, 2021 but remain employed by Kforce, on a limited, part-time basis and continue to serve as the Chairman of the Board of Directors (Board).

Mr. Liberatore joined one of Kforce’s predecessor companies, Romac International, in 1988, as a technology recruiter and served in multiple executive roles during his tenure with the Firm including Chief Sales Officer, Chief Talent Officer, Chief Financial Officer and as President for the last nine years.

Mr. Dunkel said, “The strategic vision we laid out for the Firm to narrow our focus on providing technical and professional services to industry-leading and innovative companies is foundational to our recent exceptional performance. We believe the execution of this strategic vision has positioned Kforce extremely well to capture additional market share in the future. In 2021, we are delivering record levels of revenue growth and have greatly improved our profitability, and, in recognition of our performance, our stock price has continued to hit all-time highs. I have decided that this is the ideal time for me to step aside and turn the leadership reigns over to Joe. My initial five-year commitment to my father led to serving as the CEO of Kforce for more than 40 years, which has been one of the greatest experiences of my lifetime. I am humbled and eternally grateful for the honor and privilege to have served Kforce and its stakeholders in this capacity. There have certainly been a number of incredibly challenging times but, through each of those periods, we have persevered and Kforce emerged as a stronger Firm. No small part of our success over the years is attributable to the culture we have built at Kforce, the bond that is shared among our executive leadership team and the incredible strength of our Kforcers. Joe has played a significant part in developing and executing our strategic vision and every major initiative within the Firm for many years and was instrumental in managing our Firm through the pandemic. Since Joe’s promotion into the President role, our total shareholder return has exceeded 700%. I couldn’t think of a more qualified and principled leader to guide Kforce to new heights. I look forward to the opportunity to personally thank the many dedicated Kforcers, past and present, our shareholders and our tremendous clients, consultants and candidates for the opportunity to serve.”