Roy Krause, former CEO of SFN Group, Joins Foros as a Senior Advisor
NEW YORK, NY, January 19, 2016 – Foros announced today that Roy Krause has joined the firm as a Senior Advisor. At Foros, Roy will leverage his extensive strategic, operational and financial leadership experience in the staffing industry, including specific M&A experience buying and selling businesses, to infuse our advice to our clients with the perspective of a veteran industry CEO and Board member.
Roy was President and CEO of SFN Group, a leading commercial and professional staffing company, from 2003 to 2011. Prior to that, he served as CFO of SFN (and its predecessors Spherion and Interim Services) since 1995. He was a member of the SFN Board of Directors from 2004 to 2011. Under Roy’s watch, SFN engaged in well-timed dispositions of business lines and grew the remaining business both organically and through a series of successful acquisitions. Roy led the development and execution of SFN’s organic and acquisition growth strategy and, as CFO, he ensured that it was supported by the appropriate capital structure. Roy’s work culminated in the company being sold to Randstad in 2011 at a 52% premium.
Roy also has extensive experience in the financial services industry. Prior to joining SFN, Roy served as Executive Vice President and Chief Financial Officer for HomeBanc Mortgage Corporation and HomeBanc Federal Savings where he worked for 15 years.
Roy resides in Fort Lauderdale, Florida and earned a B.S. from The Ohio State University and an M.B.A. from Georgia State University.
“We are excited to have Roy as part of the Foros team and we look forward to him bringing his extensive strategic and transaction experience in the staffing industry to our clients,” said Jean Manas, Chief Executive Officer. “We had the honor of being by Roy’s side as he brought SFN out of the recession and ultimately made the strategic decision to sell the company. He is a strategic thinker with strong transaction instincts and he will be a great resource for our clients.”
Mr. Krause said: “I am very pleased to be joining Foros and look forward to helping the firm continue to deliver high quality advisory services. SFN was one of the firm’s first clients and I have seen first-hand how much value can be created by working hand in hand with a long-term advisor who has superior strategic insights and transaction skills.”
Foros is a premier financial and M&A advisory firm headquartered in New York City. Foros has an unrelenting focus on premier advice, developed rigorously and delivered with integrity, and an unwavering commitment to the success of its clients. Since its founding in 2009, Foros has served 43 clients, advising on 51 announced transactions with over $50 billion in transaction value.
For additional information about Foros, please visit www.forosgroup.com.
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