JOANN Announces Retirement of President and CEO Wade Miquelon
10 May 2023 - 6:05AM
JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader
in sewing and fabrics with one of the largest arts and crafts
offerings, announced the retirement of Wade Miquelon as President
and Chief Executive Officer effective May 8, 2023. Chris DiTullio,
Executive Vice President and Chief Customer Officer, and Scott
Sekella, Executive Vice President and Chief Financial Officer, have
been appointed to lead the interim Office of the Chief Executive
Officer, and the Board has commenced a search to identify a
permanent replacement.
“On behalf of the Board, I’d like to thank Wade for leading
JOANN through its initial public offering and the difficult
challenges the COVID-19 pandemic presented,” said Brian Coleman,
Vice President, Leonard Green Partners, L.P. “As we look to the
next chapter for JOANN, we remain focused on delivering value for
our shareholders through strategic priorities centered on creating
a great in-store and online experience for our customers, driving
operational efficiencies, and capitalizing on JOANN’s strength in
the sewing, arts and crafts categories.”
Mr. DiTullio has served as JOANN’s Chief Customer Officer since
October 2019, overseeing how customers interact with JOANN’s brand,
including all aspects of store and omni-channel operations,
customer care, inventory management and marketing. Prior to joining
JOANN in 2005, Mr. DiTullio held roles in operations and inventory
management with JC Penney, Homeplace, Inc., and Cole Vision.
Mr. Sekella has served as JOANN’s Chief Financial Officer since
September 2022, overseeing all aspects of finance and accounting,
as well as indirect procurement. Mr. Sekella brings more than
twenty years of experience in finance with multiple national and
international brands, most recently serving as Vice President,
Corporate FP&A at Under Armour. Additionally, Mr. Sekella has
held roles overseeing aspects of financial operations at Crocs,
Inc., Henkel of America, Pfizer, and Ford Motor Company.
For more information on the JOANN Management team and Board of
Directors, visit investors.joann.com
About JOANN
For 80 years, JOANN has inspired creativity in the hearts,
hands, and minds of its customers. From a single storefront in
Cleveland, Ohio, the nation’s leader in sewing and fabrics with one
of the largest arts and crafts offerings has grown to include 840
stores across 49 states and a robust ecommerce business. With the
goal of helping every customer find their creative Happy Place,
JOANN serves as a convenient single source for all the supplies,
guidance, and inspiration needed to achieve any project or
passion.
ABOUT LGPLeonard Green & Partners, L.P.
(“LGP”) is a leading private equity investment firm founded in 1989
and based in Los Angeles with over $70 billion of assets under
management. The firm partners with experienced management teams and
often with founders to invest in market-leading companies. Since
inception, LGP has invested in over 120 companies in the form of
traditional buyouts, going-private transactions, recapitalizations,
growth equity, and selective public equity and debt positions. The
firm primarily focuses on companies providing services, including
consumer, healthcare, and business services, as well as retail,
distribution and industrials. For more information, please
visit www.leonardgreen.com.
Corporate Communications:
Amanda Hayes
amanda.hayes@joann.com
216-296-5887
Jason Wood
jason.wood@joann.com
330-463-6893
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