PRGX Announces Appointment of New Vice President & Global Chief Marketing Officer

ATLANTA, November 20, 2017 — PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that Jeff Crow has been named Vice President & Global Chief Marketing Officer, responsible for marketing strategies and initiatives to drive global growth for the Company. Prior to joining PRGX, Mr. Crow was Chief Marketing Officer for Earthlink, an IT services, network and communications provider headquartered in Atlanta, Georgia. Before Earthlink, Mr. Crow served as a Principal for Interplay Consulting, a marketing consulting firm, and from 2011 to 2015, Mr. Crow served as Vice President, Marketing & General Manager of the grass seed business unit of Central Garden & Pet Company. Prior to Central Garden & Pet, Mr. Crow was Chief Operating Officer at WIN Products, Inc. and before that he held a number of marketing roles at Coca-Cola and Unilever.  Mr. Crow began his career at Andersen Consulting (now Accenture).

“We are delighted to have Jeff join PRGX,” said Daryl Rolley, Senior Vice President and Chief Commercial Officer.  “We look forward to leveraging his valuable marketing, communications and brand development experience to drive the performance of our Company for all our stakeholders.”

In connection with Mr. Crow’s employment, on November 15, 2017, the Company granted equity awards to Mr. Crow consisting of options to purchase 15,000 shares of the Company’s common stock. The options will vest in equal one-third increments on each of November 15, 2018, November 15, 2019, and November 15, 2020, subject to Mr. Crow’s continued employment with the Company.  The options have an exercise price of $7.10 per share. The options will vest in full in the event of a change in control of the Company, provided Mr. Crow remains continuously employed by the Company until such event.

The grants were approved by the compensation committee of the Company’s board of directors, which committee is comprised solely of independent directors, and were granted as an inducement material to Mr. Crow entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

About PRGX

PRGX Global, Inc. is a global leader in Recovery Audit and Spend Analytics services.  With over 1,500 employees, the Company serves clients in more than 30 countries and provides its services to 75% of the top 20 global retailers and over 30% of the top 50 companies in the Fortune 500. PRGX delivers more than $1 billion in cash flow improvement for its clients each year. The creator of the recovery audit industry more than 40 years ago, PRGX continues to innovate through technology and expanded service offerings. In addition to Recovery Audit, the Company provides Contract Compliance, Spend Analytics and Supplier Information Management services to improve clients’ financial performance and manage risk. For additional information on PRGX, please visit www.prgx.com

Forward-Looking Statements

In addition to historical information, this press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include both implied and express statements regarding the Company’s overall condition and growth prospects, the Company’s execution of its transformation strategy, and the Company’s investments in, and opportunities associated with, its growth platforms, including its analytics and supplier information services businesses. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements. Risks that could affect the Company’s future performance include revenue that does not meet expectations or justify costs incurred, the Company’s ability to develop material sources of new revenue in addition to revenue from its core recovery audit services, changes in the market for the Company’s services, the Company’s ability to retain and attract qualified personnel, the Company’s ability to integrate recent and future acquisitions, uncertainty in the credit markets, the Company’s ability to maintain compliance with its financial covenants, client bankruptcies, loss of major clients, and other risks generally applicable to the Company’s business. For a discussion of other risk factors that may impact the Company’s business, please see the Company’s filings with the Securities and Exchange Commission, including its Form 10-K filed on March 16, 2017. The Company disclaims any obligation or duty to update or modify these forward-looking statements

This news release was distributed by GlobeNewswire, www.globenewswire.com

Contact:
Michele Mahon
(770) 779-3212
michele.mahon@prgx.com