Xpress Global Systems names Bill Speer as chief financial officer
Xpress Global Systems, based in Chattanooga, announced in a news release that Bill Speer has been promoted from vice president of finance to chief financial officer. The move comes on the heels of a year in which Speer helped guide the organization through three acquisitions and multiple new market expansions, the news release stated.
“Bill has been instrumental in supporting us through significant change,” CEO Dan Martin said in the announcement. “This move is well-deserved, and I look forward to continuing to build on the foundation we’ve been able to create over the past year.”
A product of Purdue University’s finance management program, Speer has held numerous roles in manufacturing and transportation. Immediately before joining Xpress Global Systems, he spent two years at Zep Inc. as the senior director of finance for the food and beverage division, where he helped drive double-digit growth in back-to-back years. Before Zep, Speer held executive finance roles with Unified Brands and Frito-Lay.
In his new role, Speer will continue to lead and grow his finance team with expanding responsibilities given the increased scale, including all financial controls and taxation as well as contributing to strategic direction. Xpress Global Systems provides transportation and distribution of floor coverings.
Melissa Astin joins ArtsBuild
Melissa Astin has joined ArtsBuild as manager of grants and community engagement.
Astin is an eight-year resident of Chattanooga. Most recently she was the director of community outreach and engagement at Crabtree Farms. Before her time at Crabtree, she worked on public art for the city of Chattanooga, initially as an intern and then as a contractor.
In a news release regarding her new role, Astin stated she is thrilled to jump back into the art world professionally, supporting the ArtsBuild mission of building a stronger community through the arts.
FT ranks Text Request among fastest-growing
Text Request was ranked as the 62nd fastest-growing company in the US in a new ranking by the Financial Times, according to a news release from the company.
The Chattanooga-based technology firm that seeks to connect businesses and customers through text messaging, grew its revenues more than 12-fold between 2017 and 2020 when the company reported total revenues of $5.9 million.
Financial Times said in the same release that technology firms like Text Request understood the biggest share of the fast-growing US businesses with nearly 38% of the firms on FT’s list in the technology sector. Financial services had 7% of the fast-growing companies, and health care accounted for 6.4%.
Text Request, which was founded in Chattanooga in 2014 by Brian and Jamey Elrod and chief technology officer Rob Reagan, has continued to expand since the FT data was collected.
Trust Co. of Tennessee earns NAPA recognition
The Trust Company of Tennessee again has earned national recognition for its retirement plan services by the National Association of Plan Advisors, according to a news release from the firm.
The list of the Top Defined Contribution Advisor Multi-Office Firms includes 31 US companies that have more than one office and exceed $1 billion in defined contribution assets under advisement as of Dec. 31, 2021. Defined contribution retirement plans are ones to which an employee , employ or both make regular contributions.
This is the fourth year that NAPA has released the Top Defined Contribution Advisor Multi-Office Firms list, and the Trust Company of Tennessee has been on the list each time, the release stated.
“With more than 30,000 retirement plan participants, our team offers excellent services and guidance to help each client build a more financially secure retirement,” Trust Company of Tennessee President Daniel Carter said in the same release. “We’re grateful to again be acknowledged for such an important part of our business, and I commend the entire retirement plan services team.”
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