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Press Release: TRANSERVICE NAMES ALEX LAFARAS NEW CHIEF FINANCIAL OFFICER

LAKE SUCCESS, N.Y. – May 5, 2021 – Transervice Logistics Inc., a leading provider of customized fleet maintenance and transportation solutions, announced the appointment of Alex Lafaras to Chief Financial Officer.

Lafaras will bring more than 20 years of finance and accounting experience to the position, having worked in a variety of industries with responsibility for operations and general management. His financial leadership in 10 countries in the Americas, Europe and the Middle East showcased his ability to drive value and strategic initiatives for the companies he served.

Most recently, Lafaras was CFO at GGI, a national glass manufacturing company. He also spent 12 years with ALUMIL, a multi-national group of 35 manufacturing companies in 30 countries worldwide, holding positions as North American CFO and Executive Vice President; Managing Director; Country Manager of Bulgaria; and Group International Controller. He began his career as Financial Manager for VARVARESSOS, a publicly-traded textile manufacturing company.

Lafaras holds an MBA in finance from the University of Sheffield in the UK; an MS in Finance from Baruch College in New York; and a BS in Accounting as well as a BS in Financial Applications from the State Technological Institute of West Macedonia in Greece. He also completed an Executive Education Program in Negotiations and Leadership at Harvard Law School.