SPAR Group shares rise 10.01% intraday after promoting Jean Richer and executive share purchases.

SPAR Group, Inc. surged 10.01% intraday after announcing the promotion of Jean Richer to Head of North American Sales & Marketing and executive share purchases. Richer, with over 25 years of experience in CPG and retail services, is expected to drive commercial growth in the U.S. and Canada. The executive leadership team, including newly appointed CFO Steve Hennen and CTO Josh Jewett, increased ownership stakes through significant share acquisitions, signaling confidence in long-term growth. CEO William Linnane highlighted the strategic alignment of leadership and shareholders, emphasizing SPAR’s focus on data-enabled merchandising solutions. The moves reinforce the company’s commitment to innovation and revenue expansion, aligning with the intraday price surge.