Heritage Global Inc. Appoints Vice President of Finance Brian Cobb as New Chief Financial Officer

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, announced today that Vice President of Finance Brian Cobb has been appointed Chief Financial Officer (“CFO”), effective immediately.

As CFO, Mr. Cobb will be responsible for all financial activities including accounting, financial reporting, planning and analysis, investor relations, mergers and acquisitions (“M&A”), taxes, and treasury to support the Company’s overall growth objectives.

Mr. Cobb joined the Heritage team in 2017 as the Director of Financial Reporting, with extended responsibilities to manage corporate and divisional accounting functions and personnel. In 2019, he was promoted to be the Corporate Controller where he played key roles in bringing Heritage Global from the OTC market to the Nasdaq, and in the execution of the Company’s public offering in 2020. In 2021, Mr. Cobb was once again promoted to Vice President of Finance where he has been an integral part of the Heritage executive team.

Prior to joining the Company, he gained over 10 years of progressive accounting and managerial experience primarily at PricewaterhouseCoopers. Mr. Cobb graduated Cum Laude from the College of Business Administration at California State University San Marcos.

“Brian has added tremendous value to the Heritage team over the last five years and brings a depth of experience to the role,” said Ross Dove, CEO. “Brian knows our business well and shares our values. We are excited to have him take this next step with us as we move the Company forward.”

About Heritage Global Inc. (www.heritageglobalinc.com)

Heritage Global Inc. (NASDAQ: HGBL) is an asset services company specializing in financial and industrial asset transactions. The company provides a full suite of services including market making, acquisitions, dispositions, valuations and secured lending. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets across twenty-eight global sectors. The company acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.

Forward-Looking Statements

This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. While the Company believes the forward-looking statements contained in this communication are accurate, these forward-looking statements represent the Company’s beliefs only as of the date of this communication, and there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, and interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company’s control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.