Neighborhood Intelligence has appointed Paul Kosturos, a managing director at Alvarez & Marsal, as interim chief financial officer following the departure of Brian LaRose, who previously served as CFO of The Container Store before joining Neighborhood Intelligence after its acquisition of the organization specialist.
The appointment comes a day after Neighborhood Intelligence announced a direct stock offering as part of efforts to strengthen financial leadership and accelerate the integration and right-sizing of its businesses. The company also disclosed that it mutually agreed with Fathom Holdings to terminate a planned merger due to insufficient market valuation. Additionally, Neighborhood Intelligence retained ICR, a corporate communications and advisory firm, to manage investor relations and support shareholder engagement.
Kosturos brings over three decades of experience in finance and accounting, including public company leadership, financial integration, and organizational redesign. His appointment aligns with Neighborhood Intelligence’s broader strategy to enhance its finance organization, which also includes hiring Jill Windrum as chief accounting officer and deputy CFO, and Emma Haugh as retail CFO.
The company expanded its strategic partnership with Alvarez & Marsal to leverage specialized expertise in finance, accounting, technology consolidation, and organizational structure. Following a supply chain assessment, Neighborhood Intelligence reconfigured its supply chain team and strategy to improve inventory flow, distribution, fulfillment, and efficiency. Since the July 11 closing of The Container Store transaction, the company has been rebalancing inventory to support sales goals while exiting several dozen locations, with closures expected to complete by year-end.
In 2026, the combined businesses have eliminated more than $50 million in SG&A expenses, according to Neighborhood Intelligence. The company has identified an additional $30 million in potential savings through contract consolidation, technology integration, organizational simplification, and elimination of redundancies. Executive chairman and CEO Marcus Lemonis emphasized that the focus remains on simplifying operations and flattening the organization. The company is reducing unnecessary costs while pursuing revenue growth and margin expansion.
“We have made meaningful progress, and we are assembling the right team and expertise to continue that work,” Marcus Lemonis stated.
Kosturos’ background includes extensive public company leadership and working-capital management. Windrum, with nearly 25 years of experience, previously held multiple CFO roles, including interim CFO during Maxar Technologies’ acquisition by Advent International. Haugh gained operational finance expertise at PepsiCo, specializing in supply chain, capital planning, P&L transformation, and retail sales finance. Their combined experience supports Neighborhood Intelligence’s ongoing restructuring efforts amid market challenges.
