SIB Fixed Cost Reduction hires Richard Davis as Chief People Officer

CHARLESTON, S.C., Jan. 09, 2018 (GLOBE NEWSWIRE) -- SIB Fixed Cost Reduction announced today that it has hired talent management and coaching expert Richard Davis as Chief People Officer (CPO).  In this role, Davis will develop and manage all corporate operations, including onboarding and talent development, goal-setting and alignment, and ongoing training initiatives.

SIB Fixed Cost Reduction was founded in 2008 and works with restaurant groups, hospitals, senior living facilities, universities, retail stores, Fortune 500 companies, and a host of other multiple-site organizations to analyze and reduce their fixed monthly costs. The company has grown to include offices in Charleston and New York with employees across the globe.

“As we continue to grow, developing our talented teams and aligning communication and programs across our locations and departments has become increasingly important,” says SIB CEO Dan Schneider.  “Richard Davis began his relationship with SIB as a client and has since become a valued channel partner and consulting resource. We are excited to have him join our team as CPO and further drive our corporate development.”

Davis has over 30 years of experience in executive management and consulting.  He founded HirePowerHR in 1992, providing services to clients nationwide in numerous industries in human resources, talent management, performance management, management training, executive recruiting, and executive coaching. In 2007, HirePowerHR client Barnes Healthcare Services hired Davis to serve as Vice President of Human Resources and Customer Satisfaction. He also co-founded Paragon Ventures, LLC, a nationwide firm specializing in healthcare mergers and acquisitions.

 “SIB is an incredible organization with an exceptional business model,” said Davis. “I am excited to join a great team that has so much passion to bring value to clients.”

About SIB Fixed Cost Reduction

SIB Fixed Cost Reduction specializes in reducing monthly expenses for companies with multiple locations. Unlike other companies, SIB only bills based on the savings they find, and clients are not billed until savings are realized. SIB has analyzed over $2B in spend across more than 45,000 locations nationwide.  This expertise across a variety of industries and audit categories allows SIB to effectively rectify billing errors and negotiate lower pricing for our clients without changing vendors or service levels across a variety of spend categories, including telecom, utilities, waste removal, bank fees, maintenance contracts, and more. For more information about SIB, visit


Jennifer Fox, SIB

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