Global Industrial Announces Appointment of Alex Tomey as Senior Vice President and Chief Merchandising Officer

Rhea-AI Summary

Global Industrial Company (NYSE:GIC) has appointed Alex Tomey as Senior Vice President and Chief Merchandising Officer, effective immediately. Mr. Tomey, who has over 20 years of experience in merchandising, will be responsible for enhancing the company's merchandise strategy. He previously served as Co-Chief Merchandising Officer at Petco and held positions at DICK'S Sporting Goods, Kohl's, and Walmart. CEO Barry Litwin expressed confidence in Tomey's ability to drive margin performance and expand product categories, which is expected to benefit GIC's operations.

Positive

• Appointment of Alex Tomey is expected to enhance merchandise strategy.
• Tomey's extensive experience could lead to improved margin performance.
• Potential for accelerated category expansion and growth of private brands.

Negative

• None.

PORT WASHINGTON, NY / ACCESSWIRE / August 23, 2021 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the appointment of Alex Tomey to the newly created position of Senior Vice President and Chief Merchandising Officer, effective immediately. Mr. Tomey will report to Barry Litwin, Chief Executive Officer of Global Industrial, and will be responsible for developing and driving Global Industrial's merchandise strategy and operations.

Barry Litwin said, "Alex is a proven merchandising executive with 20 years of experience in leading teams towards improved margin performance, accelerating new category expansion and strengthening core and private brand product growth. I have no doubt he will excel in this role and look forward to his contributions."

Alex Tomey said, "I am excited to join Global Industrial, a leader in the industrial supply marketplace for more than 70 years. The company's world class brand assortment and extensive range of domestic supplier relationships, combined with their leading e-commerce and multi-channel sales model, provides an outstanding buying experience for business customers to keep their operations moving."

Mr. Tomey is a proven executive with more than 20 years of experience and deep knowledge of merchandising, product development and sourcing across hard and soft-lines. He recently served as Co-Chief Merchandising Officer at Petco and prior to that as Senior Vice President, Product Development and Global Sourcing at DICK'S Sporting Goods. During his career, Alex has held various merchandising leadership positions at leading retailers including Kohl's and Walmart. Alex has a Bachelor of Science in Business Administration from the University of Missouri-Columbia and has previously held board positions at Petco Mexico and DICK's Sporting Goods Foundation.

About Global Industrial Company
Global Industrial Company (NYSE:GIC), through its operating subsidiaries, is a value-added industrial distributor. For more than 70 years Global Industrial has gone the extra mile for its customers, and offers more than a million industrial and MRO products, including its own Global Industrial exclusive brands. With extensive product knowledge and a solutions-based approach, Global Industrial helps customers solve problems and be more successful. At Global Industrial, "We can supply that®."

Forward-Looking Statement
This press release contains forward looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by Global Industrial Company, from time to time in filings with the Securities and Exchange Commission or otherwise. Any such statements that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management's estimates, assumptions and projections and are not guarantees of future performance.

Investor/Media Contact:
Mike Smargiassi/ Ryan Golden
The Plunkett Group
212-739-6729

mike@theplunkettgroup.com / ryan@theplunkettgroup.com

SOURCE: Global Industrial Company

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https://www.accesswire.com/660747/Global-Industrial-Announces-Appointment-of-Alex-Tomey-as-Senior-Vice-President-and-Chief-Merchandising-Officer

FAQ

Who is Alex Tomey and what is his new role at Global Industrial Company?

Alex Tomey has been appointed as Senior Vice President and Chief Merchandising Officer at Global Industrial Company, focusing on enhancing the company's merchandise strategy.

What experience does Alex Tomey bring to Global Industrial Company?

Tomey brings over 20 years of merchandising experience, having previously held significant roles at Petco, DICK'S Sporting Goods, Kohl's, and Walmart.

How might Alex Tomey's appointment impact Global Industrial's stock (GIC)?

Tomey's extensive industry experience might lead to improved operational efficiency and product growth, potentially positively impacting GIC's stock performance.