Laurie Barkman Selected to Succeed Robert Auray as President and CEO of GENCO Marketplace

PITTSBURGH, Dec. 2, 2013 /PRNewswire/ -- GENCO, the leader in delivering product lifecycle logistics^sm solutions, announced today that Laurie Barkman has been selected as the new president and chief executive officer (CEO) of GENCO Marketplace, GENCO's wholly owned liquidation subsidiary. Barkman has served as GENCO Marketplace's chief operating officer since July 2013. In her new role, Barkman will be responsible for building upon GENCO Marketplace's leading position, driving expansion into new liquidation markets and developing a world-class team.

Since joining GENCO Marketplace, Barkman has focused her efforts on expanding the company's inventory assortment and buyer base in order to drive its continual growth. Barkman has more than 15 years of strategic retail industry and online marketing leadership experience, including at American Eagle Outfitters, a global specialty apparel retailer and The Art Institutes, a system of 50 schools in North America.

"We are pleased to name Laurie as the new president and CEO of GENCO Marketplace. The depth of her experience and skill that she brings has already proven to be invaluable to the continued growth and success of GENCO Marketplace," said Herb Shear, GENCO's executive chairman.

Robert R. Auray, Jr. served as president and CEO of GENCO Marketplace for the past seven years. During that time, Auray doubled GENCO Marketplace's revenue and increased earnings at a 20 percent per-year rate. Auray will continue to serve in his role as a vice chairman at GENCO working on strategic business initiatives.

About GENCO Marketplace
GENCO Marketplace is a leading wholesale liquidator of retail returns and surplus inventories. The company's resale channels include direct sales by the truckload to high-volume buyers, internet auctions of pallet quantities on the company's B2B web site, www.GENCOMarketplace.com, and sales of individual items on www.NoBetterDeal.com, the company's bargain shopping site for consumers.

About GENCO
GENCO is the recognized leader in product lifecycle and reverse logistics solutions designed to maximize value and reduce costs. GENCO operates 140 value-added warehouse locations comprising 35 million square feet and manages $1.5 billion in freight annually throughout North America. GENCO's diverse range of customers includes many Fortune 500 companies in the technology, consumer & industrial, retail and healthcare markets and the federal government.  GENCO's complete range of product lifecycle services include inbound logistics; warehousing & distribution; fulfillment; contract packaging; transportation management; systems integration; returns processing & disposition; test, repair, refurbishment; product liquidation; and recycling. For more information, visit www.genco.com.

SOURCE GENCO

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