Vestis Appoints John Laveck as Chief Accounting Officer

The latest update is out from Vestis Corporation ( (VSTS) ).

On May 14, 2025, Vestis Corporation announced the appointment of John Laveck as Vice President and Chief Accounting Officer, effective June 2, 2025. Mr. Laveck, a seasoned accounting professional with experience at Smurfit Westrock, WestRock Corporation, and General Electric, will oversee the company’s accounting operations. His compensation package includes a base salary, bonus eligibility, equity awards, and standard company benefits, reflecting the company’s commitment to attracting experienced leadership.

The most recent analyst rating on (VSTS) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Vestis Corporation stock, see the VSTS Stock Forecast page.

Spark’s Take on VSTS Stock

According to Spark, TipRanks’ AI Analyst, VSTS is a Neutral.

Vestis Corporation faces several challenges, with declining revenue and profitability, high leverage, and negative market momentum. The recent earnings call highlighted both potential improvements and ongoing difficulties. While new business growth and leadership changes are positive, the overall financial and technical outlook remains weak, resulting in a cautious stock score.

To see Spark’s full report on VSTS stock, click here.

More about Vestis Corporation

Average Trading Volume: 2,859,777

Technical Sentiment Signal: Sell

Current Market Cap: $793.3M

Learn more about VSTS stock on TipRanks’ Stock Analysis page.