Strategic Board Recruitment: The Lancer Group Places Paul J. Hennessy on Liquidity Services Board

Partnering with Liquidity Services to strengthen board leadership and drive long-term growth through expert board search and recruitment.

At The Lancer Group, we believe that the right board leadership can accelerate strategy, sharpen governance, and unlock new growth paths. That’s why we were honored to partner with Liquidity Services (NASDAQ: LQDT) on the appointment of Paul J. Hennessy to its Board of Directors, effective October 1, 2025.

Liquidity Services, which operates the world’s largest B2B e-commerce marketplace platform for surplus assets, is at a pivotal moment as it expands its market presence and advances its role in powering the circular economy. The addition of Hennessy, an executive with over three decades of leadership experience scaling technology and marketplace businesses, underscores the company’s commitment to strategic growth.

In announcing the appointment, Bill Angrick, Chairman and CEO of Liquidity Services, stated:

“We are thrilled to welcome Paul to our Board of Directors. Paul’s deep knowledge and extensive experience building technology-enabled marketplaces in both business and consumer channels on a global scale will be instrumental as we continue to expand our market presence, enhance our service offerings, and pursue emerging opportunities to drive long-term growth” (Liquidity Services press release, June 19, 2025).

Hennessy’s background includes serving as CEO of Shutterstock, Inc. (NYSE: SSTK), leading Vroom through a high-growth period, and holding key executive roles at Priceline.com and Booking.com. His experience aligns with the evolving needs of a company bridging sustainability and commerce at scale.

Reflecting on his new role, Hennessy commented:

“I am honored to join the Board of Liquidity Services. I look forward to working with the leadership team to advance the company’s strategic priorities and contribute to its ongoing success and innovation as the market leader powering the circular economy” (Liquidity Services press release, June 19, 2025).

This collaboration highlights what we see across the private equity and technology landscape: board leadership isn’t just governance—it’s a lever for value creation. We are proud to have worked alongside the Liquidity Services team on this critical placement and look forward to seeing the impact of Paul’s contributions as the company continues to innovate and grow.

About The Lancer Group

The Lancer Group partners with private equity firms, portfolio companies, and public technology leaders to build high-impact executive teams and boards. With over 25 years of experience in executive and board search, we specialize in placing transformational leaders who create value in fast-moving, high-growth environments.