THE
WOODLANDS, Texas, Feb. 20,
2024 /PRNewswire/ -- Target Hospitality Corp. ("Target
Hospitality," "Target" or the "Company") (Nasdaq: TH), one of
North America's largest providers
of vertically integrated modular accommodations and value-added
hospitality services today announced the appointment of Mr.
John C. Dorman to its board of
directors, effective February 16,
2024. Mr. Dorman will serve as an independent director
as well as a member of the Nominating and Corporate Governance and
Audit Committees.
Mr. Dorman's experience serving in executive leadership roles,
through the founding and growth of multiple entrepreneurial
successes, will provide relevant insight as Target continues to
pursue a robust pipeline of growth opportunities. In addition, his
service on numerous corporate boards will provide beneficial
strategic guidance and strengthen Target's ability to effectively
identify and evaluate these diversifying growth initiatives.
"We are pleased to welcome John as a new independent director to
the Target Hospitality board. His extensive knowledge and
broad-reaching capabilities will provide an important perspective
as we continue to evaluate a range of strategic growth initiatives.
His appointment will enhance our current board of directors'
capabilities, while providing valuable perspectives, as we continue
pursuing our growth strategy focused on diversifying the customers
and end markets we serve," stated Brad
Archer, President and Chief Executive Officer.
Mr. Dorman is an accomplished leader with over 40 years of
experience guiding multiple entrepreneurial successes across
software and services companies in the financial technology sector.
Mr. Dorman previously served as a director of Online Resources
Corporation, a developer and supplier of electronic payment
services, from May 2009 until it was
sold to ACI Worldwide, Inc. in March
2013, and as its Chair from June
2010 until the sale. Dorman also previously served as
Co-Chair of Online Resources Corporation from January 2010 to June
2010, and as Interim Chief Executive Officer from
April 2010 to June 2010. From October
1998 to August 2003, he served
as Chief Executive Officer of Digital Insight Corporation, a
provider of software-as-a-service for online banking and bill
payment for financial institutions, and served on the board of
directors of Digital Insight until the company was acquired in 2007
by Intuit, Inc. Mr. Dorman served as Senior Vice President of the
Global Financial Services Division of Oracle Corporation from
August 1997 to October 1998; and Chair and Chief Executive
Officer of Treasury Services Corporation, a provider of modeling
and analysis software for financial institutions, from 1983 to
1997. Mr. Dorman earned a B.A. in Business Administration and
Philosophy from Occidental College and
an M.B.A. in Finance from the University of
Southern California.
About Target Hospitality
Target Hospitality is one of North
America's largest providers of vertically integrated modular
accommodations and value-added hospitality services in the United States. Target builds, owns and
operates a customized and growing network of communities for a
range of end users through a full suite of value-added solutions
including premium food service management, concierge, laundry,
logistics, security and recreational facilities services.
Investor Contact
Mark
Schuck
(832) 702 – 8009
ir@targethospitality.com
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SOURCE Target Hospitality