Penmac promotes longtime employee to COO

Springfield-based Penmac Staffing Services Inc. has promoted a longtime employee to chief operations officer.

Stuart Stringer took on the role Dec. 1, said Sara Corman, the staffing firm's director of marketing.

Stringer joined the company in 2003, most recently working as vice president of operations, according to a news release. With his promotion, he joins the executive team at Penmac comprising CEO Tim Massey, President Paula Adams and Chief Financial Officer Leah Ann Iaguessa.

"It was an easy decision to move him into a more macro role to continue to move the needle," Massey said in the release. "I look forward to his leadership and success in his new role of chief operations officer.”

Penmac additionally announced the promotions of Troy Yonker and Michelle Cologna to district vice presidents, and Sherry Holland to corporate trainer, also effective Dec. 1. The district vice president roles are new positions that will serve under Stringer.

Yonker previously served as Penmac's corporate trainer, and Cologna was area manager overseeing the Lebanon and North Kansas City branches, according to the release. Holland’s most recent role was Penmac's regional manager in Central Missouri.

“We are thrilled to have all four individuals in their new roles and excited to help even more employers and job seekers grow and succeed,” Massey said in the release.

The end-of-year promotions come as Penmac anticipates a 6.6% increase in annual revenue, according to Corman.

Penmac is projected to end 2023 with $130 million in revenue, up from $122 million in 2022, Corman said. To date this year, the company has employed more than 19,500 individuals and expects to exceed 20,000 in back-to-back years, she added.

Penmac has 149 in-house staff at 31 branches in eight states, Corman said.