President and COO Joseph O’Leary to Retire; CEO David Lenhardt to
Assume Role of President
PHOENIX--(BUSINESS WIRE)--Jan. 14, 2014--
PetSmart, Inc. (NASDAQ: PETM), the leader in pet specialty retail, today
announced it has made changes to its management team and organizational
structure in conjunction with the retirement of Joseph O’Leary,
President and Chief Operating Officer. These changes will become
effective April 4, 2014.
“On behalf of everyone at PetSmart, I want to thank Joe for his
leadership and dedication to the company, our associates and our
customers,” said David Lenhardt, Chief Executive Officer. “Joe has been
an integral part of PetSmart’s success for many years and we wish him
all the best moving forward.”
“I’m proud of all that we have accomplished during my time at PetSmart,
and am grateful to have had the opportunity to work with such a talented
team of leaders and associates,” said Joe O’Leary. “I continue to
believe in PetSmart’s associates, vision and strategy, and it has been
both a privilege and a pleasure to serve this great company for the past
PetSmart does not intend to replace the COO position and will realign
these responsibilities among four newly created Executive Vice President
positions, with Lenhardt assuming the title of President and CEO.
“Joe’s retirement has provided the opportunity to take a fresh look at
our organizational structure and establish a senior leadership team that
will best position PetSmart for future growth,” added Lenhardt. “We have
strong and capable leaders, and with the addition of the new EVP
positions, I’m confident we are in a position to deliver on our
strategies and initiatives to drive future growth and deliver
As part of the new structure, PetSmart is creating a new position – EVP
of Customer Experience, Strategic Planning and Corporate Development –
which will focus on developing strategies for creating an unmatched
customer experience, both in stores and online, and on developing
organic and adjacent growth strategies across all platforms. Marketing,
Strategic Planning and Corporate Development will report to this new
EVP. An external search will be conducted to fill this new role. In
addition, PetSmart will be conducting a search for a new Chief
Information Officer to replace Don Beaver, who will also retire.
The following leaders will be named to the newly created EVP roles:
Carrie Teffner, who is currently Senior Vice President of
Finance and Chief Financial Officer, will now serve as Executive Vice
President and CFO with responsibilities for overseeing Finance and IS.
The new Chief Information Officer will report directly to Teffner.
Matt McAdam, who is currently Senior Vice President of
Merchandising, will now serve as Executive Vice President of
Merchandising and Real Estate.
Bruce Thorn, who is currently Senior Vice President of Store
Operations and Services, will now serve as Executive Vice President of
Store Operations, Services and Supply Chain.
All four EVPs will report directly to Lenhardt.
Inc. (NASDAQ: PETM) is the largest specialty pet retailer of
services and solutions for the lifetime needs of pets and is a leading
online provider of pet supplies and pet care information (http://www.petsmart.com).
The company employs approximately 54,000 associates and operates more
than 1,314 pet stores in the United States, Canada and Puerto Rico, and
over 196 in-store PetSmart®
PetsHotel® dog and cat boarding facilities. PetSmart
provides a broad range of competitively priced pet food and pet
products; and offers dog training, pet grooming, pet boarding, PetSmart
Doggie Day Camp SM day care services and pet adoption
services. Through its in-store pet adoption partnership with PetSmart
Charities®, PetSmart has helped save the lives of more than 5 million
pets since 1994. PetSmart Charities, Inc. and PetSmart Charities of
Canada, Inc. (“PetSmart Charities”) are independent, nonprofit
organizations that save the lives of homeless pets and reduce shelter
intake through spay/neuter efforts. In 2012, nearly 450,000 dogs and
cats found homes through PetSmart Charities’ adoption centers in all
PetSmart stores and by sponsoring community adoption events. PetSmart
Charities is the leader in granting money to help pets in need, with
more than $28 million given in 2012 throughout North America.
Source: PetSmart, Inc.
Michelle Friedman, 623-587-2108