LOS ANGELES,Aug. 25, 2021/PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley"), a diversified provider of business advisory and financial services, today announced it has namedKevin Olsonas Senior Vice President of Business Development for B. Riley Retail Solutions.

Olson currently oversees operations for the firm's retail liquidation division inAustralia,New Zealand, and the Oceania market. In this expanded role, he will also be responsible for building, maintaining, and expanding the firm's business relationships with retailers acrossNorth America.

Scott Carpenter, CEO of B. Riley Retail Solutions, commented: "Kevin is a seasoned professional who brings deep retail operational expertise and relationships to our North American division. We are pleased to announce his expanded role and look forward to his continued contributions supporting our business inAustralia."

Olson joined the firm in 2016 and has been pivotal in helping to establish and build the firm's presence across the Australasia region. He has over 25 years of experience working with retailers in providing differentiated financial solutions to generate value. While Olson will be primarily based inIrvine, California, he will continue to maintain a regular presence inAustraliawhile overseeing the firm's overseas operations.

InNorth Americaduring 2020, B. Riley Retail Solutions participated in over 2,000 store closures with associated retail inventory value of approximately$2.8 billion.

For more information about B. Riley Retail Solutions, visit:www.brileyretailsolutions.com.

About B. Riley Retail Solutions

B. Riley Retail Solutions (formerly Great American Group) is a leading provider of asset disposition services specializing in large-scale retail liquidations in the U.S.,Australia, andEurope. The firm efficiently leverages its sector expertise and deploys resources to assist companies, lenders, capital providers, private equity investors and professional services firms in maximizing the value of their assets. The firm is a subsidiary of B. Riley Financial.

B. Riley Financial provides collaborative solutions tailored to fit the capital raising and business advisory needs of its clients and partners. B. Riley operates through several subsidiaries that offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction and liquidation services. For more information, please visitwww.brileyfin.com.

Contacts

Business Inquiries:

Kevin Olson

B. Riley Retail Solutions

kolson@brileyfin.com

(949) 561-3755

Media:

Jo Anne McCusker

B. Riley Financial

press@brileyfin.com

(646) 885-5425

View original content to download multimedia:https://www.prnewswire.com/news-releases/b-riley-names-kevin-olson-svp-business-development-of-retail-solutions-301362331.html

SOURCE B. Riley Financial