Savers Value Village™ Appoints Susan O’Farrell to Board of Directors
17 October 2023 - 7:30AM
Business Wire
Savers Value Village, Inc. (NYSE: SVV) (the “Company”) today
announced the appointment of Susan O’Farrell as an independent
director to the Company’s Board of Directors (the “Board”) and as a
member of the Board’s Audit Committee, effective October 16, 2023.
With the addition of Ms. O’Farrell, the Board now has nine
members.
Ms. O’Farrell brings over 35 years of executive and senior
leadership experience to the Company. She is an accomplished leader
with financial and operations expertise in the retail, building
products and industrial industries. She most recently served as
Senior Vice President, Chief Financial Officer, Principal
Accounting Officer, and Treasurer for BlueLinx Corporation, a
wholesale distributor of building and industrial products.
Previously, she served in a number of executive leadership roles
for The Home Depot, the largest home improvement retailer in the
United States, as well as Southern Company Gas and Accenture.
“We are excited to welcome an executive of Susan’s caliber to
the Board,” said Scott Graves, Chairman of the Savers Value Village
Board. “Given her multiple leadership roles at public companies,
she brings a wealth of experience in retail, operations and finance
that will complement the Board’s strengths and help position the
Company for growth and success. We have no doubt that she will be
an outstanding partner as we continue to grow and deliver for the
thrift community at scale.”
“I’m thrilled to be joining Savers Value Village at such a
pivotal time as the reuse industry is evolving and growing,” said
Ms. O’Farrell. “It is truly a mission-driven company, combining
purpose and profit in a conscious and thoughtful way for its people
and the environment. I look forward to working with the Board and
leadership team in supporting the Company’s long-term strategic
goals.”
Ms. O’Farrell has gained extensive public, private and
not-for-profit board experience over the course of her career. She
currently serves on the Board of Directors and as Audit Committee
Chair for Leslie’s, Inc., the largest retailer of swimming pools
and supplies, as well as on the Board of Directors and as Audit
Committee Chair of American Trailer World Corp. and on the Board of
International Women’s Forum – Georgia Chapter. Previously, she was
the Board Chair for CHRIS 180, a not-for-profit behavioral health
organization, as well as the Board Chair for The Atlanta's
Children's Shelter. She holds a Bachelor of Science in business
administration from Auburn University and has completed the Emory
Goizueta Executive Leadership Program.
About the Savers Value Village™ family
of thrift stores
As the largest for-profit thrift operator in the United States
and Canada for value priced pre-owned clothing, accessories and
household goods, our mission is to champion reuse and inspire a
future where secondhand is second nature. Learn more about the
Savers family of thrift stores, our impact, and the #ThriftProud
movement at savers.com.
Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Forward looking statements can be identified by words such as
“could,” “may,” “might,” “will,” “likely,” “anticipates,”
“intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,”
“continues,” “projects” and similar references. Forward-looking
statements are based on the Company’s current expectations and
assumptions regarding its business, the economy and other future
conditions. Because forward-looking statements relate to the
future, by their nature, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, the Company’s actual results may
differ materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements are
set forth in the Company’s earnings release dated August 10, 2023,
which is included as an exhibit to the Company’s Form 8-K furnished
to the United States Securities and Exchange Commission (“SEC”) on
such date and the Company’s SEC filings, including its most recent
report on Form 10-Q. Any forward-looking statement made in this
press release speaks only as of the date on which it is made.
Factors or events that could cause the Company’s actual results to
differ may emerge from time to time, and it is not possible for the
Company to predict all of them. The Company is not under any
obligation (and specifically disclaims any such obligation) to
update or alter these forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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