TeamStaff, Inc. (TSTF) shares rebound slightly on news of executive leadership changes

TeamStaff, Inc. (Nasdaq: TSTF), reached 60 cents today after dipping to 54 cents at Friday’s close, after announcing this morning the appointment of Mr. John E. Kahn as Chief Financial Officer. TeamStaff, a leading logistics and healthcare services provider to the Federal Government and Department of Defense, conducted the executive search with the assistance of DHR International.

Bringing over 25 years of financial experience to the corporation, Mr. Kahn will be responsible for all elements of accounting and finance for the organization. Leading up to his appointment at TeamStaff, Mr. Kahn served as CFO of Financial Asset Management Systems, an American Capital backed government and business services group. Furthermore, Kahn has over a decade of experience as a CFO and extensive experience in publicly traded organizations. Mr. Kahn began his career with what is now BAE Systems, before joining a large public accounting firm.

Zach Parker, Chief Executive Officer of TeamStaff commented on Kahn’s appointment, stating, “We are delighted to welcome John to TeamStaff. With his appointment, we are in an even stronger position to deliver on our objective of becoming a nationally recognized leader with the Federal Government and DoD in the logistics and healthcare fields.”

Mr. Kahn holds leadership roles with several professional associations including Financial Executives International (FEI), the Association of Chartered Accountants in the United States (ACAUS) and the Association for Corporate Growth (ACG).

“John not only has a proven track record in corporate finance, growing businesses and managing complex capital structures, but he also has a depth of financial and operational experience in the government services and defense industries that will be invaluable in helping TeamStaff achieve its business objectives,” Parker concluded.