InnerWorkings Inc. Appoints New Chief Financial Officer

Chicago-based distributor InnerWorkings Inc. has named Jeffrey P. Pritchett as the company's new executive vice president and chief financial officer.

Pritchett joins InnerWorkings Inc. from Cerberus Operating and Advisory Co. LLC (COAC), an affiliate of Cerberus Capital Management LP, where he served as a senior operating executive since May 2013 and as head of the finance/CFO practice since early 2015. As part of COAC, Pritchett supported numerous Cerberus portfolio companies in improving their financial and operating performance, and driving strategic initiatives, and has led operational diligence for new Cerberus investments. He also served as interim executive chairman of the board of TransCentra Inc. and as a board member of Remington Outdoors Co.

Prior to joining COAC, Pritchett served in various finance and strategy roles at Vertis Communications, a marketing communications company, where he ended his tenure as interim CFO and helped to oversee the successful sale of the company to a strategic competitor. Pritchett also held treasury, strategy and international finance roles of increasing responsibility at Delphi, a global automotive parts manufacturing company.

"Jeff is a dynamic and strategic leader who will help us to further strengthen our financial organization and processes in ways that support our next phase of growth and profitability," said Eric D. Belcher, CEO of InnerWorkings Inc. "Jeff's background and proven track record will make him a valuable member of our leadership team."

"My discussions with Eric and the InnerWorkings' board of directors have given me the utmost confidence in the company's strong growth prospects, as well as its strategy, leadership and commitment to building shareholder value," Pritchett added. "I am proud to join this great company and look forward to working with Eric and the team to ensure InnerWorkings continues to deliver profitable growth for all of our stakeholders."

Ryan Spohn will remain InnerWorkings Inc.'s interim CFO through the completion of the company's second quarter filings, at which point he will resume his role as senior vice president and controller.

"On behalf of the board and the entire management team, I would like to thank Ryan for his strong leadership and steady hand over the past six months," Belcher said. "He has done an exceptional job, and Jeff and I look forward to his continued contributions and leadership as part of our now even stronger financial team."

For more information, visit www.inwk.com.