Ollie’s Bargain Outlet Announces the Appointment of Eric van der Valk to President & Chief Executive Officer, Completing Leadership Succession Plan
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) has announced key leadership changes effective February 2, 2025. Eric van der Valk has been appointed as President & Chief Executive Officer and added to the Company's Board of Directors, expanding the board from nine to ten members. John Swygert transitions to Executive Chairman of the Board.
These appointments complete the Company's Leadership Succession Plan, which was announced in June 2024. Van der Valk has been recognized for leading foundational changes that have driven execution and results, positioning Ollie's for sustainable long-term growth. Swygert concludes his 20-plus year career at Ollie's, during which the company achieved significant profitable growth in the retail industry.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) ha annunciato cambiamenti chiave nella leadership a partire dal 2 febbraio 2025. Eric van der Valk è stato nominato Presidente e Amministratore Delegato ed è stato aggiunto al Consiglio di Amministrazione dell'azienda, ampliando il consiglio da nove a dieci membri. John Swygert passerà a Presidente Esecutivo del Consiglio.
Queste nomine completano il Piano di Successione della Leadership dell'azienda, annunciato a giugno 2024. Van der Valk è stato riconosciuto per aver guidato cambiamenti fondamentali che hanno migliorato l'esecuzione e i risultati, posizionando Ollie's per una crescita sostenibile a lungo termine. Swygert conclude una carriera di oltre 20 anni in Ollie's, durante la quale l'azienda ha ottenuto una significativa crescita redditizia nel settore retail.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) ha anunciado cambios clave en el liderazgo a partir del 2 de febrero de 2025. Eric van der Valk ha sido nombrado Presidente y Director Ejecutivo, y se ha sumado a la Junta Directiva de la empresa, ampliando la junta de nueve a diez miembros. John Swygert pasará a ser Presidente Ejecutivo de la Junta.
Estos nombramientos completan el Plan de Sucesión de Liderazgo de la empresa, que fue anunciado en junio de 2024. Van der Valk ha sido reconocido por liderar cambios fundamentales que han impulsado la ejecución y los resultados, posicionando a Ollie's para un crecimiento sostenible a largo plazo. Swygert concluye su carrera de más de 20 años en Ollie's, durante la cual la empresa logró un significativo crecimiento rentable en la industria minorista.
올리의 바겐 아울렛 홀딩스 (NASDAQ: OLLI)는 2025년 2월 2일부터 시행될 주요 리더십 변동을 발표했습니다. 에릭 반 더 밸크는 사장 겸 CEO로 임명되었으며, 회사의 이사회에 추가되어 이사가 아홉 명에서 열 명으로 확대되었습니다. 존 스와이거트는 이사회 의장 직으로 전환합니다.
이번 임명은 2024년 6월에 발표된 회사의 리더십 승계 계획을 완성하는 것입니다. 반 더 밸크는 실행과 결과를 이끌어내는 기반 변화에 대한 공로를 인정받아 올리를 지속 가능한 장기 성장에 적합하도록 포지셔닝했습니다. 스와이거트는 올리에서 20년 이상의 경력을 마무리하는데, 그동안 회사는 소매업계에서 상당한 수익성 있는 성장을 이뤘습니다.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) a annoncé des changements clés dans sa direction à compter du 2 février 2025. Eric van der Valk a été nommé Président et Directeur Général et a été ajouté au Conseil d'Administration de l'entreprise, portant le nombre de membres du conseil de neuf à dix. John Swygert passe au poste de Président Exécutif du Conseil.
Ces nominations complètent le Plan de Succession de Leadership de l'entreprise, annoncé en juin 2024. Van der Valk a été reconnu pour avoir dirigé des changements fondamentaux qui ont amélioré l'exécution et les résultats, positionnant Ollie's pour une croissance durable à long terme. Swygert termine sa carrière de plus de 20 ans chez Ollie's, au cours de laquelle l'entreprise a réalisé une croissance rentable significative dans le secteur de la vente au détail.
Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) hat wichtige Veränderungen in der Unternehmensführung ab dem 2. Februar 2025 angekündigt. Eric van der Valk wurde zum Präsidenten und CEO ernannt und dem Vorstand des Unternehmens hinzugefügt, wodurch der Vorstand von neun auf zehn Mitglieder erweitert wird. John Swygert wechselt zum Executive Chairman des Vorstands.
Diese Ernennungen schließen den Unternehmensführungsnachfolgeplan ab, der im Juni 2024 angekündigt wurde. Van der Valk wurde dafür anerkannt, grundlegend Veränderungen geleitet zu haben, die die Ausführung und Ergebnisse vorangetrieben haben, und Ollie's für nachhaltiges langfristiges Wachstum positioniert haben. Swygert beendet seine über 20-jährige Karriere bei Ollie's, in der das Unternehmen signifikantes profitables Wachstum im Einzelhandel erzielt hat.
- Planned and orderly leadership transition with internal candidate
- Board expansion from 9 to 10 members, strengthening governance
- Retention of former CEO as Executive Chairman, ensuring continuity
- None.
HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced the appointment of Eric van der Valk to President & Chief Executive Officer, effective February 2, 2025. In connection with his appointment to CEO, Eric van der Valk has also been added to the Company’s Board of Directors, thereby increasing the total number of directors to ten from nine. In conjunction with this, John Swygert has been appointed to Executive Chairman of the Board. These transitions complete the Company’s Leadership Succession Plan, which was previously announced in June 2024.
Eric van der Valk commented, “I am honored to continue to serve our associates, customers, and business partners as the next CEO of Ollie’s. I appreciate John’s mentorship and the trust he and the Board have placed in me to lead the continued growth of our company. It’s truly a privilege to work with the most talented and committed team in this business. I look forward to delivering the thrill of shopping for GOOD STUFF CHEAP to millions of customers in the years to come.”
John Swygert commented, “It’s been an amazing 20 plus years, and I would like to thank each and every team member that has been part of our family. Ollie’s is a truly special company that was founded by passionate individuals who kept things simple and stayed true to their business model of selling Real Brands! Real Bargains! While extremely proud of what we have accomplished so far, I am even more excited about Ollie’s growth potential and competitive positioning going forward. Eric’s unique background and experience makes him the perfect candidate to lead Ollie’s as we remain committed to continue to grow our business and deliver strong returns to our shareholders.”
On behalf of Ollie’s Board, Rich Zannino, its lead independent director, said, “Today’s appointments are the culmination of years of work on succession planning by the Board. During Eric’s time at Ollie’s, he has led foundational changes that have not only driven execution and results but also positioned Ollie’s for sustainable long-term growth. His closeout, deep discount, merchandising and operational experience make him the ideal candidate to succeed John as President & CEO.”
Mr. Zannino continued, “On behalf of the Board and all Ollie’s shareholders, I would like to thank John for his leadership over an incredible 20 plus year career where Ollie’s delivered nearly unparalleled profitable growth in the retail industry. The Board is excited to continue working closely with John and Eric as they assume their new roles.”
About Ollie’s
We are America’s largest retailer of closeout merchandise and excess inventory, offering Real Brands and Real Bargain prices®! We offer extreme value on brand name products in a variety of departments, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids, and more. We currently operate 562 stores in 31 states and growing! For more information, visit www.ollies.com.
Investor Contact:
John Rouleau
JRouleau@ollies.us
Media Contact:
Tom Kuypers
Senior Vice President – Marketing & Advertising
717-657-2300
tkuypers@ollies.us
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