The Container Store Group, Inc. Announces Additions to the Board of Directors

Rhea-AI Summary

The Container Store Group, Inc. (NYSE: TCS) announced the addition of retail veteran Karen Stuckey and LL Flooring CEO Charles Tyson to its Board of Directors. Stuckey brings 30+ years of experience in retail and consumer goods, while Tyson has a background in customer experience and home improvement services. The Company aims to leverage their expertise for growth in custom spaces, organizing solutions, and in-home services.

Retail veteran Karen Stuckey and LL Flooring CEO Charles Tyson elected to join Board of Directors

COPPELL, Texas--(BUSINESS WIRE)-- The Container Store Group, Inc. (NYSE: TCS) (the “Company”), the leading specialty retailer of organizing solutions, custom spaces, and in-home services, today announced the election of retail industry veteran Karen Stuckey and LL CEO Charles Tyson to its Board of Directors.

Stuckey and Tyson will replace vacancies left by Bob Jordan and Jon Sokoloff when their terms expired in August 2023.

"We are very pleased to welcome Karen and Charles to our Board of Directors,” said The Container Store Chairperson of the Board, Lisa Klinger. “Karen’s consumer-driven leadership and expertise in product development and sourcing, along with Charles’s deep knowledge of customer experience and home improvement services, will be invaluable to our team. We look forward to their support as we focus the business on its next phase of growth capitalizing on an unparalleled offering of Custom Spaces, organizing solutions and in-home services.”

Stuckey will be a Class III Director and serve on the Nominating and Governance Committee. She brings more than 30 years of leadership at retail and consumer goods companies including Walmart and Hanesbrands. She also comes with a wealth of knowledge spanning merchandising P&L, a $40B+ private brand portfolio and product development leadership, coupled with deep global sourcing and supply chain expertise.

Tyson joins the Board as a Class I Director and will serve on the Culture and Compensation Committee. He is currently the CEO and President of LL Flooring and a member of its Board of Directors. He has been with the company since 2018, previously serving as interim President and Chief Customer Experience Officer. Prior to LL Flooring, Tyson held various leadership roles at Advance Auto Parts in the areas of merchandising, marketing and supply chain, as well as Office Max and Office Depot.

About The Container Store

Founded in 1978, The Container Store Group, Inc. (NYSE: TCS) is the nation’s only retailer with a solution-oriented offering of custom spaces, organizing solutions, and in-home services, designed to transform lives through the power of organization. With more than 100 locations nationwide and a flagship online store, the retailer offers an exclusive portfolio of custom space lines that can be designed for any area of the home, and more than 10,000 products to complete any space.

Visit www.containerstore.com for more information about complementary Custom Spaces in-home or in-store design, in-home organizing, products, store locations, trade program, and business to business opportunities.

Follow The Container Store on Facebook, X, Instagram, TikTok, YouTube, Pinterest and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240307647297/en/

Investors:



ICR, Inc.

Farah Soi/Caitlin Churchill

203-682-8200

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Caitlin.Churchill@icrinc.com



or



Media:

The Container Store Group, Inc.

Carson Netherton, 972-538-6000

publicrelations@containerstore.com

Source: The Container Store Group, Inc.

FAQ

Who were elected to join The Container Store Group, Inc. (NYSE: TCS) Board of Directors?

Karen Stuckey and LL Flooring CEO Charles Tyson were elected to join The Container Store Group, Inc. (NYSE: TCS) Board of Directors.

What experience does Karen Stuckey bring to the Board of Directors?

Karen Stuckey brings over 30 years of leadership experience in retail and consumer goods, including roles at Walmart and Hanesbrands.

What is Charles Tyson's current role and background?

Charles Tyson is currently the CEO and President of LL Flooring, with previous experience in merchandising, marketing, and supply chain at Advance Auto Parts, Office Max, and Office Depot.

What committees will Karen Stuckey and Charles Tyson serve on?

Karen Stuckey will serve on the Nominating and Governance Committee, while Charles Tyson will serve on the Culture and Compensation Committee.

Who did Karen Stuckey and Charles Tyson replace on the Board of Directors?

Karen Stuckey and Charles Tyson replaced Bob Jordan and Jon Sokoloff on the Board of Directors.