Alumni Staffing announces strategic hire — vendor management expert Lau

Bridgewater-based Alumni Staffing LLC on Tuesday said Karl Lau has been appointed as chief operating officer, as Scott Hollingshead, who has been serving as COO for the company since 2016, will be transitioning into a new role as chief financial officer.

Lau is an accomplished finance and health care industry executive, with extensive experience in vendor management systems and health care staffing technology. Prior to Alumni, he led strategic partnerships for the VMS division of AMN Healthcare and served as chief operating officer of LocumsMart, where he assisted in growing company revenues by nine times in four years.

Lau started his career as an investment banker at Morgan Stanley in New York and worked at Credit Suisse, UBS and Bear Stearns, where he advised clients on capital markets and merger & acquisition transactions.

“Bringing Karl on board allows us to strategically enter the VMS/MSP locums market, while advancing our infrastructure through technology. Our growth has been tremendous and focused on direct business. Between his health care technology experience and banking background, he is the perfect complement to our executive team,” John Pannucci, CEO of Alumni Staffing. “The transition of Scott into the CFO role solidifies our executive foundation. Having an 18-year staffing veteran to lead our organization’s cash flow, forecasting and financial success allows us to trust that our growth will be continuous while remaining profitable.”