Press Releases
Dec 01

Liquidity Services Appoints Edward Kolodzieski to its Board of Directors

Industry Veteran Brings Extensive Global Retail Supply Chain
Experience to Company

WASHINGTON–(BUSINESS WIRE)–Nov. 23, 2015–
Liquidity Services, Inc. (NASDAQ: LQDT), a global solution provider in
the reverse supply chain with the world’s largest marketplace for
business surplus, announced today that Edward Kolodzieski has been
appointed to the company’s board of directors effective November 17,
2015. He will also serve on the company’s Compensation and Governance
Committees.

“We are excited to welcome Ed to the Liquidity Services board of
directors as he shares our vision of transforming how the global reverse
supply chain operates,” said Bill Angrick, chairman and chief executive
officer of Liquidity Services. “With a more than 30-year career that
spans all aspects of the retail supply chain from operations to sourcing
and merchandising, Ed’s experience and vast knowledge will be invaluable
as the company continues to invest in and deliver the next generation of
cloud-based marketplace, analytics and returns management solutions. His
guidance will be critical as we continue to identify new opportunities
for creating value and growth.”

Mr. Kolodzieski retired with Walmart Stores, Inc. (NYSE: WMT) as
executive vice president of global sourcing, responsible for the global
procurement of goods and services. Additionally, he previously served as
chief executive officer of Walmart Japan and chief operating officer of
Walmart International where he was responsible for operations,
merchandising, marketing and new format development for all countries
outside the U.S. Prior to joining Walmart, Mr. Kolodzieski was the
president of Acme Markets of Virginia, a regional supermarket with
operations in five states.

Mr. Kolodzieski holds a Bachelor of Science degree in business
management from the University of South Florida and a master’s degree in
business from the University of Tampa. In addition to Liquidity
Services, he also serves as chairman of the board for Archway Marketing
Services and is a director for Vi-Jon, Inc. Previously, Mr. Kolodzieski
served as chairman of the board for The Seiyu Ltd, a Japanese retail
group that was traded on the Tokyo Stock Exchange and is today a
wholly-owned subsidiary of Walmart Stores Inc.

“I am honored to join the Liquidity Services board of directors and take
part in the strategy and innovation that continues to mark Liquidity
Services as the leader in a growing segment of the supply chain,” said
Mr. Kolodzieski. “This is a dynamic time in the company’s growth, and I
am excited to work with such a talented team to continue shaping a
future that is marked by its success in driving deeper client and buyer
value across the reverse supply chain.”

About Liquidity Services, Inc.

Liquidity Services is a global solution provider in the reverse supply
chain with the world’s largest marketplace for business surplus. We
partner with global Fortune 1000 corporations, middle market companies,
and government agencies to intelligently transform surplus assets and
inventory from a burden into a liquid opportunity that fuels the
achievement of strategic goals. Our superior service, unmatched scale,
and ability to deliver results enable us to forge trusted, long-term
relationships with over 8,000 clients worldwide. With nearly $6 billion
in completed transactions, and approximately 3 million buyers in almost
200 countries and territories, we are the proven leader in delivering
smart surplus solutions. Let us build a better future for your surplus.
Visit us at LiquidityServices.com.

Source: Liquidity Services, Inc.

Liquidity Services, Inc.
Jeanette Hanfling
Director, Public
Relations
202-467-5723
[email protected]
or
Julie
Davis
Senior Director, Investor Relations
202-558-6234
[email protected]