Liquidity Services (NASDAQ: LQDT) has announced the appointment of Paul J. Hennessy to its board of directors, effective October 1, 2025. Hennessy will also serve on the Corporate Governance and Nominating Committee and the Audit Committee of the Board. Liquidity Services' Chairman and CEO, Bill Angrick, expressed excitement about Hennessy joining the Board, citing his extensive experience in building technology-enabled marketplaces globally, which will be instrumental as the company seeks to expand its market presence and pursue long-term growth opportunities.
Hennessy brings over 30 years of leadership experience, having served as the CEO of Shutterstock, Inc. since July 2022 and as a member of Shutterstock's board of directors since April 2015. Prior to that, he served as the Chief Executive Officer of Vroom, Inc. and Priceline.com, and as the Chief Marketing Officer of Booking.com.
Liquidity Services operates the world's largest B2B e-commerce marketplace platform for surplus assets, with over $10 billion in completed transactions to more than five million qualified buyers and 15,000 corporate and government sellers worldwide. The company supports its clients' sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.
The appointment of Hennessy, with his wealth of experience in leading technology and marketplace businesses, signals Liquidity Services' commitment to advancing its strategic priorities and driving innovation as a market leader in powering the circular economy. Following these announcements, the company's shares moved -0.64%, and are now trading at a price of $23.17. For more information, read the company's full 8-K submission here.
