COLUMBUS, Ohio, Dec. 4, 2017 /PRNewswire/ -- Big Lots, Inc.
(NYSE: BIG) announced today that David
Campisi, its president and CEO, took medical leave after he
was hospitalized on Friday, December
1st, shortly after the Company's third quarter
earnings call. Mr. Campisi is now recuperating at home. In
connection with Mr. Campisi's temporary leave of absence, the Big
Lots Board of Directors has assigned Mr. Campisi's executive
responsibilities to Lisa M.
Bachmann, Executive Vice President, Chief Merchandising
& Operating Officer, and Timothy A.
Johnson, Executive Vice President, Chief Administrative
& Chief Financial Officer, effective immediately.
Ms. Bachmann and Mr. Johnson will continue to work closely with
the other members of the Company's Executive Leadership Team (ELT)
and the Board during Mr. Campisi's medical leave. In addition,
James R. Chambers, the Company's
non-executive chair of the Board, intends to spend additional time
in Columbus with the leadership
team during the duration of the medical leave.
"We have complete confidence in Lisa and TJ and the rest of the
leadership team at Big Lots to continue the Company's strategic
initiatives. David Campisi is an
inspirational leader, and we look forward to his return to good
health and to leading the Company again," said Mr. Chambers.
Headquartered in Columbus,
Ohio, Big Lots, Inc. (NYSE: BIG) is a community retailer
operating 1,430 BIG LOTS stores in 47 states, dedicated to friendly
service, trustworthy value, and affordable solutions in every
season and category – furniture, food, décor, and more. We exist to
serve everyone like family, providing a better shopping experience
for our customers, valuing and developing our associates, and
creating growth for our shareholders. Big Lots supports the
communities it serves through the Big Lots Foundation, a charitable
organization focused on four areas of need: hunger, housing,
healthcare, and education. For more information about the Company,
visit www.biglots.com.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements in this release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, and such statements are intended to qualify for
the protection of the safe harbor provided by the Act. The words
"anticipate," "estimate," "expect," "objective," "goal," "project,"
"intend," "plan," "believe," "will," "should," "may," "target,"
"forecast," "guidance," "outlook" and similar expressions generally
identify forward-looking statements. Similarly, descriptions of our
objectives, strategies, plans, goals or targets are also
forward-looking statements. Forward-looking statements relate to
the expectations of management as to future occurrences and trends,
including statements expressing optimism or pessimism about future
operating results or events and projected sales, earnings, capital
expenditures and business strategy. Forward-looking statements are
based upon a number of assumptions concerning future conditions
that may ultimately prove to be inaccurate. Forward-looking
statements are and will be based upon management's then-current
views and assumptions regarding future events and operating
performance, and are applicable only as of the dates of such
statements. Although we believe the expectations expressed in
forward-looking statements are based on reasonable assumptions
within the bounds of our knowledge, forward-looking statements, by
their nature, involve risks, uncertainties and other factors, any
one or a combination of which could materially affect our business,
financial condition, results of operations or liquidity.
Forward-looking statements that we make herein and in other
reports and releases are not guarantees of future performance and
actual results may differ materially from those discussed in such
forward-looking statements as a result of various factors,
including, but not limited to, current economic and credit
conditions, the cost of goods, our inability to successfully
execute strategic initiatives, competitive pressures, economic
pressures on our customers and us, the availability of brand name
closeout merchandise, trade restrictions, freight costs, the risks
discussed in the Risk Factors section of our most recent Annual
Report on Form 10-K, and other factors discussed from time to time
in our other filings with the SEC, including Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. This release should be
read in conjunction with such filings, and you should consider all
of these risks, uncertainties and other factors carefully in
evaluating forward-looking statements.
You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. We undertake
no obligation to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise.
You are advised, however, to consult any further disclosures we
make on related subjects in our public announcements and SEC
filings.
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SOURCE Big Lots, Inc.