BJ’s Wholesale Club Announces the Unexpected Passing of President and CEO Lee Delaney
BJ’s Wholesale Club (NYSE: BJ) announced the unexpected passing of President and CEO Lee Delaney due to presumed natural causes. The Board of Directors expressed their shock and condolences to Delaney's family. Bob Eddy, the Executive Vice President, has been appointed Interim CEO, effective immediately, and is recognized for his significant contributions since joining the company in 2007. The Board is confident in Eddy's leadership while they prepare to announce permanent leadership changes, relying on existing succession planning.
- Bob Eddy's appointment as Interim CEO ensures continuity and stability in leadership.
- Eddy has significant experience with the company, having been with BJ's since 2007.
- The unexpected death of CEO Lee Delaney may lead to uncertainty among investors.
- Potential leadership instability as the company navigates the transition period.
BJ’s Wholesale Club (NYSE: BJ) announced that Lee Delaney, the Company’s President and Chief Executive Officer, passed away unexpectedly yesterday due to presumed natural causes.
Christopher J. Baldwin, Executive Chairman of the Board of Directors, issued the following statement on behalf of the Board: “We are shocked and profoundly saddened by the passing of Lee Delaney. Lee was a brilliant and humble leader who cared deeply for his colleagues, his family and his community. We extend our most heartfelt condolences and sympathy to his family, especially his wife and two children. We will honor his legacy and remember the extraordinary impact he had on so many. Our thoughts are with them during this difficult time.”
Bob Eddy, Executive Vice President, Chief Administrative and Financial Officer, has been named Interim Chief Executive Officer by the Board of Directors, effective immediately. Eddy joined the Company in 2007 and was named Executive Vice President, Chief Financial Officer in 2011. He assumed the role of Chief Administrative Officer in 2018. Additionally, Christopher J. Baldwin, Chairman of the Board of Directors, has been appointed Executive Chairman.
“Bob partnered closely with Lee and has played an integral role in transforming and growing BJ’s Wholesale Club,” said Baldwin on behalf of the Board. “We have the utmost confidence in Bob’s leadership and his deep knowledge of the business. We expect to announce permanent changes to our leadership within a reasonably short timeframe, aided by our prior succession planning.”
About BJ’s Wholesale Club Holdings, Inc.
Headquartered in Westborough, Massachusetts, BJ's Wholesale Club is a leading operator of membership warehouse clubs in the Eastern United States. The company currently operates 221 clubs and 151 BJ's Gas® locations in 17 states.
The Company’s common stock is traded on the New York Stock Exchange (NYSE: BJ).
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