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Providence Service Corporation Announces Management Appointments

TUCSON, AZ -- (Marketwired) -- 04/25/16 --  The Providence Service Corporation (NASDAQ: PRSC), a holding company whose subsidiaries provide critical healthcare and workforce development services, today announced multiple management appointments.

"Today's announcement represents significant progression towards the strategic goals of our holding company," said James Lindstrom, Providence's Chief Executive Officer. "I look forward to our new colleagues partnering with our exceptional leadership teams across Providence in our pursuit of creating long term value for our clients, associates and shareholders." 

Sophia Tawil has been appointed General Counsel, Chief Compliance Officer and Corporate Secretary and is responsible for oversight of corporate legal matters, including those relating to the company's growth initiatives, governance and compliance. Ms. Tawil joins Providence from Cravath, Swaine & Moore LLP, where she served as a Senior Attorney and Corporate Associate since 2006. Prior to that, her experience includes in-house roles, including at USA Networks, Inc., a predecessor to IAC/InterActiveCorp. Ms. Tawil received a BA from Barnard College, Columbia University and a JD from the University of Pennsylvania Law School.

William Severance has been appointed Chief Accounting Officer and is responsible for strategy, risk management, and the financial reporting and control environments of Providence's global accounting and financial reporting operations. Mr. Severance joins Providence from the Gilt Group, where he served as Chief Accounting Officer and Controller since 2010. Prior to that, he served in various roles for Travelport Limited from 2005 to 2009 and for IAC/InterActiveCorp from 1999 to 2005. Mr. Severance also worked for 11 years for Ernst and Young LLP with domestic and international clients. He received a BS in Accounting from Louisiana State University.

Nate Burke has been appointed Vice President, Corporate Controller. Mr. Burke was most recently with Tatum, a financial and technology consulting firm, since 2009. Prior to that, he served as Vice President of Global Accounting Policy for Franklin Templeton Investments from 2007 to 2009 and as Director of Accounting Policy and Financial Reporting for Albertsons from 2005 to 2006. Mr. Burke's previous experience also include 12 years in various roles at Deloitte & Touche LLP. Mr. Burke received a BA in Business Administration and Accounting from Idaho State University.

Chris Brigleb has been appointed Vice President, Finance and is responsible for acquisitions, capital market activities and investor relations. Mr. Brigleb joins Providence from Lion Capital LLP, where he focused on private investment opportunities across Europe and the United States since 2013. Prior to that, Mr. Brigleb served in various roles at The Blackstone Group, where he analyzed investments in a variety of industries, including healthcare services. Mr. Brigleb received his MBA from The Wharton School, University of Pennsylvania and his BS in Commerce from the University of Virginia.

All of the aforementioned appointments are currently or are expected to be based in Providence's Stamford, CT holding company office.

About Providence

The Providence Service Corporation is a holding company whose subsidiaries provide critical healthcare and workforce development services, comprised of non-emergency transportation services, workforce development services, legal offender rehabilitation services, health assessment services, and care management services in the United States and abroad. For more information, please visit www.prscholdings.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "demonstrate," "expect," "estimate," "forecast," "anticipate," "should" and "likely" and similar expressions identify forward-looking statements. In addition, statements that are not historical should also be considered forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, our continuing relationship with government entities and our ability to procure business from them, our ability to manage growing and changing operations, the implementation of the healthcare reform law, state budget changes and legislation and other risks detailed in Providence's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and subsequent filings. Providence is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events or otherwise.

Source: Providence Service Corporation