Tandy Leather Factory Appoints new CEO; Announces Board Changes
Tandy Leather Factory (Nasdaq: TLF) has appointed Johan Hedberg as its new Chief Executive Officer and Board member, effective January 6, 2025. Hedberg, bringing over 30 years of wholesale and retail leadership experience, succeeds Janet Carr, who will assist with transition through March 2025.
Hedberg joins from Fiskars Group, where he served as Chief Sales Officer and President, Americas. The company also announced board changes, with John (Rocky) Sullivan joining as director while James Pappas and Janet Carr step down.
The transition comes as the company prepares to sell its Fort Worth property and relocate its headquarters. Under Carr's six-year leadership, TLF improved product quality and expanded customer base despite economic challenges. The company currently operates 99 North American stores across 40 US states and six Canadian provinces, plus one store in Spain.
Tandy Leather Factory (Nasdaq: TLF) ha nominato Johan Hedberg come nuovo Amministratore Delegato e membro del Consiglio di Amministrazione, con decorrenza dal 6 gennaio 2025. Hedberg, con oltre 30 anni di esperienza nella leadership wholesale e retail, succede a Janet Carr, che assisterà nella transizione fino a marzo 2025.
Hedberg proviene da Fiskars Group, dove ha ricoperto il ruolo di Chief Sales Officer e Presidente delle Americhe. L'azienda ha anche annunciato cambiamenti nel consiglio, con John (Rocky) Sullivan che entrerà come direttore mentre James Pappas e Janet Carr si dimettono.
La transizione avviene mentre l'azienda si prepara a vendere la sua proprietà a Fort Worth e a trasferire la sede centrale. Sotto la leadership di Carr, durata sei anni, TLF ha migliorato la qualità dei prodotti e ha ampliato la propria base clienti, nonostante le sfide economiche. Attualmente, l'azienda gestisce 99 negozi in Nord America, distribuiti in 40 stati statunitensi e sei province canadesi, oltre a un negozio in Spagna.
Tandy Leather Factory (Nasdaq: TLF) ha nombrado a Johan Hedberg como su nuevo Director Ejecutivo y miembro de la Junta, con efecto a partir del 6 de enero de 2025. Hedberg, con más de 30 años de experiencia en liderazgo mayorista y minorista, sucede a Janet Carr, quien ayudará con la transición hasta marzo de 2025.
Hedberg se une desde Fiskars Group, donde se desempeñó como Director de Ventas y Presidente para las Américas. La empresa también anunció cambios en la junta, con John (Rocky) Sullivan como nuevo director mientras que James Pappas y Janet Carr dejan sus cargos.
La transición se produce mientras la empresa se prepara para vender su propiedad en Fort Worth y reubicar su sede. Bajo el liderazgo de Carr durante seis años, TLF mejoró la calidad de sus productos y amplió su base de clientes a pesar de los desafíos económicos. Actualmente, la empresa opera 99 tiendas en América del Norte en 40 estados de EE. UU. y seis provincias canadienses, además de una tienda en España.
탠디 가죽 공장 (Nasdaq: TLF)는 요한 헤드버그를 새로운 CEO이자 이사회 멤버로 임명하고, 이는 2025년 1월 6일부터 효력이 발생한다고 발표했습니다. 헤드버그는 30년 이상의 도매 및 소매 리더십 경험을 지니고 있으며, 재닛 카의 뒤를 이어 임명되었습니다. 카는 2025년 3월까지 전환을 지원할 예정입니다.
헤드버그는 피스카스 그룹에서 미주 지역의 영업 최고 책임자 및 사장으로 재직하였습니다. 회사는 또한 이사회의 변화에 대해 발표했으며, 존(로키) 설리반이 이사로 합류하고 제임스 파파스와 재닛 카가 사퇴합니다.
이 전환은 회사가 포트워스의 자산을 판매하고 본사를 이전할 준비를 하면서 이루어집니다. 카의 6년간 리더십 아래, TLF는 제품 품질을 개선하고 경제적 도전에도 불구하고 고객 기반을 확대했습니다. 현재 이 회사는 북미에서 40개 주와 6개 캐나다 주에 걸쳐 99개의 매장을 운영하고 있으며, 스페인에 하나의 매장이 있습니다.
Tandy Leather Factory (Nasdaq: TLF) a nommé Johan Hedberg en tant que nouveau Directeur Général et membre du Conseil d'Administration, à compter du 6 janvier 2025. Hedberg, riche de plus de 30 années d'expérience en leadership dans le secteur de la vente en gros et au détail, succède à Janet Carr, qui assistera à la transition jusqu'en mars 2025.
Hedberg rejoint la société après avoir occupé le poste de Directeur Commercial et Président pour les Amériques chez Fiskars Group. L'entreprise a également annoncé des changements au niveau du conseil, avec John (Rocky) Sullivan qui rejoint le conseil, tandis que James Pappas et Janet Carr se retirent.
Cette transition intervient alors que l'entreprise se prépare à vendre sa propriété à Fort Worth et à déplacer son siège. Sous la direction de Carr pendant six ans, TLF a amélioré la qualité de ses produits et élargi sa base client malgré les défis économiques. Actuellement, l'entreprise exploite 99 magasins en Amérique du Nord, répartis dans 40 états américains et six provinces canadiennes, ainsi qu'un magasin en Espagne.
Tandy Leather Factory (Nasdaq: TLF) hat Johan Hedberg zum neuen Geschäftsführer und Mitglied des Vorstands ernannt, wirksam ab dem 6. Januar 2025. Hedberg bringt über 30 Jahre Erfahrung in der Groß- und Einzelhandelsleitung mit und tritt die Nachfolge von Janet Carr an, die bis März 2025 bei der Übergabe helfen wird.
Hedberg kommt von der Fiskars Group, wo er als Chief Sales Officer und Präsident für die Amerikas tätig war. Das Unternehmen gab ebenfalls Änderungen im Vorstand bekannt, bei denen John (Rocky) Sullivan als Direktor eintritt, während James Pappas und Janet Carr zurücktreten.
Die Übergabe erfolgt, während das Unternehmen sich auf den Verkauf seines Grundstücks in Fort Worth und die Verlagerung seines Hauptsitzes vorbereitet. Unter der sechsjährigen Leitung von Carr verbesserte TLF die Produktqualität und erweiterte die Kundenbasis trotz wirtschaftlicher Herausforderungen. Das Unternehmen betreibt derzeit 99 Geschäfte in Nordamerika, verteilt auf 40 US-Bundesstaaten und sechs kanadische Provinzen sowie ein Geschäft in Spanien.
- Appointment of experienced retail executive with 30+ years leadership background
- Smooth leadership transition with previous CEO staying through March 2025
- Strategic timing of leadership change coinciding with headquarters relocation
- Loss of CEO who successfully led company through COVID crisis
- Multiple simultaneous changes in leadership with two board members stepping down
FORT WORTH, Texas, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (the “Company”, Nasdaq: TLF) today announced it has appointed Johan Hedberg as its new Chief Executive Officer and a member of the Board of Directors, effective as of Monday, January 6. Mr. Hedberg will replace Janet Carr, who will remain with the Company for transition through March 2025.
Mr. Hedberg brings more than 30 years of wholesale and retail leadership experience, most recently as Chief Sales Officer and President, Americas, of Fiskars Group, after serving as SVP Global Sales and then Global Chief Sales Officer there. Before Fiskars, he served at Thule Group as VP of Sales and Marketing.
Jeff Gramm, the Company’s Chairman, said, “We are extremely grateful to Janet Carr for six years of outstanding leadership of Tandy Leather. Under Janet, the Company has improved our product quality and found new categories of customers despite some difficult economic headwinds, most notably during the Covid crisis. As we prepared to sell our Fort Worth property and move our headquarters, Janet thought that this would be a good time for the company to transition to a new leader. We are very happy to have now identified Johan Hedberg as Tandy’s next CEO. Johan brings an impressive history of team leadership and driving sales, both in the U.S. and internationally. We are thrilled to welcome him to the Tandy team.
“Janet has agreed to remain with Tandy through the end of March to assist primarily with transition, completing our 2024 financial reporting and preparing for our headquarters move later this year,” Mr. Gramm continued.
Mr. Hedberg stated, “I am excited by the opportunity to lead Tandy Leather, with its more than 100-year history as the leading specialty retailer of leather and leather-crafting products. I look forward to the opportunities and challenges ahead to grow sales and continue to reach new customers as we move to our new facilities and the next chapter in Tandy’s story.”
Ms. Carr stated, “It has been an honor and privilege to serve Tandy, our employees, business partners, shareholders and the leatherworking community over the last 6 years together with this talented, passionate, committed team. I wish the team the very best for the future.”
The Company further announced that it has elected John (Rocky) Sullivan to join its Board of Directors, also as of January 6. Mr. Sullivan is an Investment Advisor Representative and Investment Analyst with JCP Investment Management; he is also the owner of Sullivan Companies and its affiliates, which are engaged in investment management, real estate development and production agriculture. Concurrently with Mr. Sullivan joining, current directors James Pappas, as well as Ms. Carr, will step down from the Board.
Mr. Gramm stated, “We are also grateful to James Pappas for his years of leadership on Tandy’s Board. Rocky Sullivan has worked closely with James at JCP and comes highly recommended; we’re very pleased to have him joining our Board.”
Tandy Leather Factory, Inc., (http://www.tandyleather.com), headquartered in Fort Worth, Texas, is a specialty retailer of a broad product line, including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 99 North American stores (including two temporarily closed for relocation) located in 40 US states and six Canadian provinces, and one store located in Spain. Its common stock trades on the Nasdaq Capital Market under the symbol “TLF”. To be included on Tandy Leather Factory's email distribution list, go to: http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.
Contact: Jeff Gramm, Tandy Leather Factory, Inc. (817) 872-3200 or jeff@banderapartners.com
This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
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