ST. LOUIS--(BUSINESS WIRE)--May 12, 2014--
Build-A-Bear Workshop, Inc. (NYSE: BBW) announced today that Michael
Shaffer has been appointed to the Company’s board of directors.
Mr. Shaffer, 51, will serve as Chairman of the Audit Committee and a
member of the Nominating and Corporate Governance Committee. With Mr.
Shaffer’s appointment, the Build-A-Bear Workshopboard has
eight members, six of whom, including Mr. Shaffer, are deemed
independent by the Board under New York Stock Exchange rules and other
applicable regulations.
As previously announced, Virginia Kent and Louis Mucci did not stand for
reelection when their terms expired at the Build-A-Bear Workshop 2014
Annual Meeting of Stockholders.
Mr. Shaffer is Executive Vice President and Chief Operating & Financial
Officer for New York-based PVH Corp. where he oversees the retail
division, treasury, corporate finance, information technology, and
logistics services.
Mr. Shaffer joined PVH Corp. in 1990 and has held numerous positions in
its wholesale and retail divisions, including Director of Accounting
Operations, Division Controller, Vice President and Controller, Senior
Vice President of Retail Operations, and Executive Vice President of
Finance. In 2006, he was named Executive Vice President, Chief Financial
Officer before being promoted to his current role.
Prior to joining PVH Corp., Mr. Shaffer served as a Senior Auditor at
Deloitte & Touche LLP. He has more than 25 years of diverse financial
management and executive leadership experience in the apparel and
financial industries.
“We are very fortunate to have Mike join our Board. Under his
leadership, PVH has consistently ranked in the top tier for apparel
companies in terms of revenue growth, EPS growth and shareholder return.
His expertise is a great addition and complements the strengths of our
existing Board,” said Sharon John, chief executive officer of
Build-A-Bear Workshop.
Mr. Shaffer graduated from George Washington University with a
bachelor’s degree in accounting and is a Certified Public Accountant.
About Build-A-Bear Workshop, Inc.
Founded in St. Louis in 1997, Build-A-Bear Workshop, Inc. is the only
global company that offers an interactive make-your-own stuffed animal
retail-entertainment experience. There are approximately 400
Build-A-Bear Workshop stores worldwide, including company-owned stores
in the U.S., Puerto Rico, Canada, the United Kingdom and Ireland, and
franchise stores in Europe, Asia, Australia, Africa, the Middle East,
and Mexico. The company was named to the FORTUNE 100 Best Companies to
Work For® list for the sixth year in a row in 2014.
Build-A-Bear Workshop (NYSE:BBW) posted total revenue of $379.1 million
in fiscal 2013. For more information, call 888.560.BEAR (2327) or visit
the Investor Relations section of its award-winning Web site at buildabear.com®.
Source: Build-A-Bear Workshop, Inc.
Build-A-Bear Workshop, Inc.
Jill Saunders, 314-423-8000 ext. 5293
jills@buildabear.com
