Neighborhood Intelligence Strengthens Financial and Operating Leadership as Company Advances Integration
Business Wire•05/10/2026•17:00 ET
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Key Highlights
- ➤More than $50 million of SG&A removed year to date across combined companies
- ➤At least $30 million of additional savings identified through integration initiatives
- ➤Paul Kosturos appointed Interim CFO as Brian LaRose departs the Company
- ➤Several dozen locations expected to close by year-end after July 11 transaction
- ➤Supply chain reconfigured to improve inventory flow, distribution and fulfillment
Expert Statements
Marcus Lemonis, Chief Executive Officer of Neighborhood Intelligence
“Our focus is to simplify the business, flatten the organization and remove unnecessary costs while continuing to grow revenue and expand margin”
Marcus Lemonis, Chief Executive Officer of Neighborhood Intelligence
“We have made meaningful progress, and we are assembling the right team and expertise to continue that work.”
Amy Sullivan, President of Neighborhood Intelligence
“We have spent the quarter taking deliberate actions to position the business for profitable growth”
Amy Sullivan, President of Neighborhood Intelligence
“We are improving inventory, supply chain and productivity while removing unnecessary expense and complexity. The assessment work is largely behind us; our focus now is execution.”
Neighborhood Intelligence Strengthens Financial and Operating Leadership as Company Advances Integration
Paul Kosturos appointed Interim CFO, complementing recent additions of Chief Accounting Officer and Deputy CFO Jill Windrum and Retail CFO Emma Haugh
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