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Ravi Thanawala Joins Allbirds Board of Directors

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Allbirds, Inc. (NASDAQ: BIRD) has announced the appointment of Ravi Thanawala, Chief Financial Officer of Papa John's International, to its Board of Directors, effective September 10, 2024. Thanawala brings extensive experience in retail, footwear, apparel, and restaurant industries. He previously held key positions at Nike, Inc. and ANN INC. This appointment comes as Mandy Fields, who joined the board in October 2020, is stepping down.

CEO Joe Vernachio expressed enthusiasm about Thanawala's addition, citing his seasoned consumer executive background. Thanawala, in turn, expressed excitement about joining Allbirds at this pivotal time. The company, known for its sustainable materials and innovative products, aims to leverage Thanawala's expertise to enhance operations, finance, and build long-term shareholder value.

Allbirds, Inc. (NASDAQ: BIRD) ha annunciato la nomina di Ravi Thanawala, Chief Financial Officer di Papa John's International, nel suo Consiglio di Amministrazione, con effetto dal 10 settembre 2024. Thanawala porta con sé un'ampia esperienza nei settori della vendita al dettaglio, delle calzature, dell'abbigliamento e della ristorazione. In precedenza ha ricoperto ruoli chiave presso Nike, Inc. e ANN INC. Questa nomina arriva mentre Mandy Fields, che si è unita al consiglio nell'ottobre 2020, sta per dimettersi.

Il CEO Joe Vernachio ha espresso entusiasmo per l'aggiunta di Thanawala, citando il suo consolidato background nel settore dei consumatori. Thanawala, a sua volta, ha dichiarato di essere entusiasta di unirsi ad Allbirds in questo momento cruciale. L'azienda, conosciuta per i suoi materiali sostenibili e i suoi prodotti innovativi, punta a sfruttare l'esperienza di Thanawala per migliorare le operazioni, la finanza e costruire un valore duraturo per gli azionisti.

Allbirds, Inc. (NASDAQ: BIRD) ha anunciado el nombramiento de Ravi Thanawala, Director Financiero de Papa John's International, en su Junta Directiva, con efecto a partir del 10 de septiembre de 2024. Thanawala aporta una amplia experiencia en los sectores minorista, de calzado, confección y restaurantes. Anteriormente ocupó cargos clave en Nike, Inc. y ANN INC. Este nombramiento se produce mientras Mandy Fields, quien se unió a la junta en octubre de 2020, está renunciando.

El CEO Joe Vernachio expresó entusiasmo por la incorporación de Thanawala, citando su sólida experiencia como ejecutivo en consumo. Thanawala, a su vez, expresó su emoción por unirse a Allbirds en este momento crucial. La empresa, conocida por sus materiales sostenibles y productos innovadores, busca aprovechar la experiencia de Thanawala para mejorar las operaciones, las finanzas y construir un valor duradero para los accionistas.

올버즈, Inc. (NASDAQ: BIRD)는 2024년 9월 10일부터 파파 존스 인터내셔널의 최고 재무 책임자인 라비 타나왈라를 이사회에 임명한다고 발표했습니다. 타나왈라는 소매, 신발, 의류 및 레스토랑 산업에서 폭넓은 경험을 가지고 있습니다. 그는 이전에 나이키, Inc.와 ANN INC.에서 주요 직책을 역임했습니다. 이 임명은 2020년 10월에 이사회에 합류한 맨디 필드가 사임하는 것과 동시에 이루어졌습니다.

CEO 조 베르나키오는 타나왈라의 합류에 대해 소비자 경영의 폭넓은 배경을 언급하며 기대감을 표명했습니다. 타나왈라 또한 이 중요한 시기에 올버즈에 합류하게 되어 기쁘다고 전했습니다. 지속 가능한 소재와 혁신적인 제품으로 알려진 이 회사는 타나왈라의 전문성을 활용하여 운영과 재무를 개선하고 장기적인 주주 가치를 구축하는 것을 목표로 하고 있습니다.

Allbirds, Inc. (NASDAQ: BIRD) a annoncé la nomination de Ravi Thanawala, directeur financier de Papa John's International, au sein de son conseil d'administration, avec effet au 10 septembre 2024. Thanawala apporte une vaste expérience dans les secteurs du commerce de détail, de la chaussure, de l'habillement et de la restauration. Il a précédemment occupé des postes clés chez Nike, Inc. et ANN INC. Cette nomination intervient alors que Mandy Fields, qui a rejoint le conseil en octobre 2020, se retire.

Le PDG Joe Vernachio a exprimé son enthousiasme quant à l'ajout de Thanawala, soulignant son expérience solide dans le secteur des consommateurs. Thanawala, pour sa part, a exprimé son excitation à rejoindre Allbirds à ce moment charnière. L'entreprise, connue pour ses matériaux durables et ses produits innovants, vise à tirer parti de l'expertise de Thanawala pour améliorer les opérations, les finances et construire une valeur à long terme pour les actionnaires.

Allbirds, Inc. (NASDAQ: BIRD) hat die Ernennung von Ravi Thanawala, Chief Financial Officer von Papa John's International, in seinen Vorstand bekannt gegeben, die am 10. September 2024 wirksam wird. Thanawala bringt umfangreiche Erfahrungen in den Bereichen Einzelhandel, Schuhwerk, Bekleidung und Restaurant mit. Zuvor hatte er wichtige Positionen bei Nike, Inc. und ANN INC. inne. Diese Ernennung erfolgt, während Mandy Fields, die im Oktober 2020 dem Vorstand beigetreten ist, zurücktritt.

CEO Joe Vernachio äußerte sich begeistert über Thanawalas Hinzukommen und verwies auf sein erfahrenes Hintergrund im Konsumentenbereich. Thanawala seinerseits zeigte sich begeistert, zu Allbirds in dieser entscheidenden Zeit zu stoßen. Das Unternehmen, das für seine nachhaltigen Materialien und innovativen Produkte bekannt ist, plant, Thanawalas Expertise zu nutzen, um die Abläufe, die Finanzen zu verbessern und einen langfristigen Shareholder-Wert aufzubauen.

Positive
  • Appointment of Ravi Thanawala, an experienced consumer executive, to the Board of Directors
  • Thanawala brings extensive experience from major companies like Papa John's, Nike, and ANN INC.
  • Potential for improved operations and finance management with Thanawala's expertise
Negative
  • Departure of Mandy Fields, an experienced board member and audit committee chair

SAN FRANCISCO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today announced that Ravi Thanawala, Chief Financial Officer of Papa John’s International, Inc. (NASDAQ: PZZA), has been appointed to its Board of Directors, effective September 10, 2024.

“We are delighted to have Ravi join our Board,” said Joe Vernachio, CEO and Board Director. “Ravi is a seasoned consumer executive with extensive experience in the retail, footwear, apparel and restaurant industries. We look forward to his contributions across operations and finance as we continue on our journey to make great products, tell compelling stories and deliver an engaging customer experience.”

“I am thrilled to join the Allbirds Board at this pivotal time for the Company,” said Ravi Thanawala. “I look forward to working with the leadership team and Board, bringing my experience and long held passion for great brands to the business as we embark on the next chapter to build long-term shareholder value.”

Thanawala has been Chief Financial Officer of Papa John’s International since July 2023 and served as Interim Chief Executive Officer from March 2024 to August 2024. Prior to joining Papa John’s, Thanawala spent seven years with Nike, Inc. where he held positions including Chief Financial Officer of Nike North America, Global VP and CFO of the Converse brand and Global VP of Retail Excellence, leading key functions across its business channels of franchises, licenses, direct to consumer and wholesale during a time of digital transformation for the business. Prior to Nike, Inc., Mr. Thanawala spent eight years at ANN INC., holding progressively increasing responsibilities in finance and operations and eventually becoming CFO of the ANN INC. business, a subsidiary of Ascena Retail Group, Inc. He holds a B.S. from the NYU Stern School of Business.

Mr. Thanawala will be replacing Mandy Fields, who is leaving the Board effective September 10, 2024. Mandy joined the Allbirds’s board in October 2020 and has been an outstanding member of the board and a skillful audit committee chair.

“On behalf of the Board, we thank Mandy for her many valuable contributions to Allbirds during the past four years,” said Vernachio. “With Mandy’s financial acumen and decades of experience working with high growth consumer companies, she has been an invaluable partner to the entire leadership team.”

About Allbirds, Inc.

Based in San Francisco, with its roots in New Zealand, Allbirds launched in 2016 with a single shoe: the now iconic Wool Runner. In the years since, Allbirds has sold millions of pairs of shoes, and has maintained its commitment to incredible comfort, versatile style and unmatched quality. This is made possible with materials like Allbirds’s sugarcane-based midsole technology, SweetFoam™, and textiles made with eucalyptus fibers and Merino wool – so consumers don't have to compromise between the best products and their impact on the earth. www.allbirds.com

Contacts:

Investor Relations:

ir@allbirds.com 

Media Contact:

press@allbirds.com 


FAQ

When will Ravi Thanawala join the Allbirds (BIRD) Board of Directors?

Ravi Thanawala will join the Allbirds (BIRD) Board of Directors effective September 10, 2024.

What is Ravi Thanawala's current position before joining Allbirds (BIRD)?

Ravi Thanawala is currently the Chief Financial Officer of Papa John's International, Inc.

Who is leaving the Allbirds (BIRD) Board of Directors?

Mandy Fields is leaving the Allbirds (BIRD) Board of Directors effective September 10, 2024.

What experience does Ravi Thanawala bring to Allbirds (BIRD)?

Ravi Thanawala brings extensive experience in retail, footwear, apparel, and restaurant industries, including key positions at Nike, Inc. and ANN INC.

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