PetMeds® Hires Pet-Industry Veteran into Pivotal Leadership Role

Rhea-AI Summary

PetMed Express has appointed Carolyn Carden as the new VP of Product Management, effective May 9, 2022. Carden, a former Petco executive with over 20 years of experience in eCommerce and product management, will focus on expanding the company’s product portfolio, particularly in the growing telemedicine sector. CEO Matt Hulett emphasized Carden's strategic leadership capabilities as an asset to PetMeds' growth-oriented vision, especially in enhancing its service to over 2 million pet parents and collaborating with tens of thousands of veterinarians.

Positive

• Appointment of Carolyn Carden as VP of Product Management expected to drive growth.
• Her experience at Petco indicates potential for effective scaling of product and telemedicine services.
• Strong market position with over 2 million pet parents and extensive veterinarian network.

Negative

• None.

In her new role as VP of Product Management, Carolyn Carden will scale PetMeds’ product portfolio, including its rapidly growing telemedicine business

DELRAY BEACH, Fla., May 09, 2022 (GLOBE NEWSWIRE) -- PetMed Express, Inc. (NASDAQ: PETS), Your Most Trusted Pet Health Expert, today announces the appointment of former Petco executive Carolyn Carden as VP of Product Management. In this role, Carden will be responsible for scaling the PetMeds production vision, including its telemedicine business and expanded product portfolio.

“Carolyn's experience in scaling product, IT, and merchandising for large, high-growth organizations is a huge asset to PetMeds,” said Matt Hulett, CEO and President of PetMed Express. “We are rapidly re-imaging our company into a growth-oriented pet health expert, and I’m thrilled to have such a seasoned visionary and outstanding pet product leader.”

Carden brings more than 20 years of strategic leadership and practical, hands-on experience in eCommerce, product management, and operations across diverse channels and industries. Most recently, she led key product teams at Petco to design and launch solutions, including “buy online, pick up in store,” online grooming appointment booking, and deploying handheld devices to over 1,500 retail, veterinary, and mobile locations.

“PetMeds is in an enviable market position with over 2 million pet parents and a network of tens of thousands of veterinarians,” said Carden, who is the pet parent of Rizzo, a 5-year-old Doberman. “As the needs for personalized and expert pet healthcare increase, PetMeds can build upon their legacy of incredible service, which inevitably creates happier and healthier pets.”

ABOUT PETMEDS

Founded in 1996, PetMed Express is Your Most Trusted Pet Health Expert, delivering prescription and non-prescription pet medications and other health products for dogs, cats, and horses direct to the consumer at competitive prices through its website at petmeds.com and also through its 1-800-PetMeds toll free number.

This press release may contain “forward-looking” statements, as defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, that involve a number of risks and uncertainties, including the Company’s ability to meet the objectives included in its business plan. Important factors that could cause results to differ materially from those indicated by such “forward-looking” statements are set forth in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the PetMed Express Annual Report on Form 10-K for the year ended March 31, 2021. The Company’s future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-Q and its Annual Report on Form 10-K.

For investment relations contact PetMed Express, Inc., Bruce S. Rosenbloom, CFO, 561-526-4444, investor@petmeds.com.

For media relations contact Butin PR, Mary Eva Tredway, maryeva@butinpr.com.

FAQ

What is the significance of Carolyn Carden's appointment at PetMed Express?

Carolyn Carden's appointment as VP of Product Management is significant as she brings over 20 years of experience in eCommerce and product management. Her role will focus on scaling PetMeds' product portfolio and telemedicine services, which are critical for the company's growth strategy.

How does Carolyn Carden's background impact PetMed Express?

Her background at Petco, where she led product teams and launched innovative solutions, can positively impact PetMed Express by enhancing product offerings and improving operational efficiency in a competitive market.

What is PetMed Express's current market position?

PetMed Express holds a strong market position with over 2 million pet parents and a network of tens of thousands of veterinarians, providing a robust platform for growth in the pet healthcare segment.

When did Carolyn Carden join PetMed Express?

Carolyn Carden joined PetMed Express as VP of Product Management on May 9, 2022.