LOS
ANGELES, June 30, 2022
- B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced that Timothy
J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions.
In this role, Shilling will work in close partnership with the executive leadership
team to execute the firm's strategy and growth across the retail sector.
B.
Riley Retail Solutions CEO Scott Carpenter commented: "Tim is a recognized leader
whose expertise complements our platform's core focus across retail. Rising
interest rates and supply chain disruptions have created significant headwinds for
retailers in their transition into the current post-pandemic era. More than
ever, companies will need to reassess store fleets and tightly manage
inventories to ensure their businesses are well positioned for the future. We
are pleased to welcome Tim to B. Riley and look forward to his contributions as
part of our retail leadership team."
In
addition, Shilling works with lenders on retail inventory value assignments to
support asset-based loans (ABLs). He has overseen value assignments for more
than $10 billion of retail inventory in thousands of retail inventory appraisals.
Tim
Shilling, Executive Vice President of B.
Riley Retail Solutions, said: "I'm very excited to join the B. Riley team at
this unique time for the retail sector. The B. Riley platform is dynamic and
diverse and offers many different tools to help assist our clients as the
retail sector continues to evolve."
Prior
to joining B. Riley, Shilling was a managing director with global advisory,
restructuring and investment firm, Gordon Brothers. He is currently a member of
the Turnaround Management Association (TMA) Northeast chapter, and previously
served on the TMA Board of Directors for six years. He holds a B.S. in
Economics from the University of Connecticut. He also currently serves as a
mentor for students at the UConn School of Business.
Shilling
is based in Boston, Massachusetts and reports directly to B. Riley Retail
Solutions CEO, Scott Carpenter.
For
more information about B. Riley Retail Solutions, visit https://brileyfin.com/retail.
About
B. Riley Financial
B.
Riley Financial is a diversified financial services platform that delivers
tailored solutions to meet the strategic, operational, and capital needs of its
clients and partners. Through its affiliated subsidiaries, B. Riley provides
end-to-end, collaborative financial services across investment banking, institutional
brokerage, private wealth and investment management, financial consulting,
corporate restructuring, operations management, risk and compliance, due
diligence, forensic accounting, litigation support, appraisal and valuation,
auction, and liquidation services.
B.
Riley Retail Solutions (formerly Great American Group) efficiently leverages
its sector expertise and deploys resources to assist companies, lenders,
capital providers, private equity investors and professional services firms in
maximizing the value of their assets. The firm is a leading provider of asset
disposition services specializing in large-scale retail liquidations. B. Riley
Retail Solutions is a subsidiary of B. Riley Financial.
For more information, please visit www.brileyfin.com
and follow us on LinkedIn
and Twitter.
# # #
Business
Contact
Tim
Shilling
B.
Riley Retail Solutions
tshilling@brileyfin.com
(617)
951-6904
Media
Contact
Jo
Anne McCusker
B.
Riley Financial
(646)
885-5425