YETI to Appoint J. Magnus Welander and Arne Arens to Company’s Board of Directors
YETI Holdings (NYSE: YETI) has announced the appointment of J. Magnus Welander and Arne Arens to its Board of Directors, effective March 24, 2025. These appointments increase the Board size to 10 members, with nine being independent directors.
The company has entered into a cooperation agreement with stockholder Engaged Capital, , who played a role in identifying Arens as a prospective Board member. The appointments are part of YETI's ongoing Board refreshment efforts, aimed at aligning director experience with the company's strategy and future opportunities.
Both new directors bring decades of experience in positioning leading outdoor brands for expansion into new categories and markets. The move reflects YETI's commitment to driving growth, delivering sustainable value for stockholders, and capitalizing on the company's strong brand position and momentum.
YETI Holdings (NYSE: YETI) ha annunciato la nomina di J. Magnus Welander e Arne Arens nel suo Consiglio di Amministrazione, con effetto dal 24 marzo 2025. Queste nomine aumentano la dimensione del Consiglio a 10 membri, di cui nove sono direttori indipendenti.
L'azienda ha stipulato un accordo di cooperazione con l'azionista Engaged Capital, che ha svolto un ruolo nell'identificazione di Arens come potenziale membro del Consiglio. Le nomine fanno parte degli sforzi continui di rinnovamento del Consiglio di YETI, mirati ad allineare l'esperienza dei direttori con la strategia e le opportunità future dell'azienda.
Entrambi i nuovi direttori portano decenni di esperienza nel posizionamento di marchi outdoor leader per l'espansione in nuove categorie e mercati. Questa mossa riflette l'impegno di YETI nel promuovere la crescita, nel fornire valore sostenibile per gli azionisti e nel capitalizzare sulla forte posizione e slancio del marchio dell'azienda.
YETI Holdings (NYSE: YETI) ha anunciado el nombramiento de J. Magnus Welander y Arne Arens en su Junta Directiva, con efecto a partir del 24 de marzo de 2025. Estos nombramientos aumentan el tamaño de la Junta a 10 miembros, de los cuales nueve son directores independientes.
La empresa ha firmado un acuerdo de cooperación con el accionista Engaged Capital, que desempeñó un papel en la identificación de Arens como un posible miembro de la Junta. Los nombramientos son parte de los esfuerzos continuos de renovación de la Junta de YETI, destinados a alinear la experiencia de los directores con la estrategia y las oportunidades futuras de la empresa.
Ambos nuevos directores aportan décadas de experiencia en el posicionamiento de marcas líderes en el sector outdoor para la expansión en nuevas categorías y mercados. Este movimiento refleja el compromiso de YETI de impulsar el crecimiento, ofrecer valor sostenible a los accionistas y capitalizar la fuerte posición y el impulso de la marca de la empresa.
YETI Holdings (NYSE: YETI)는 2025년 3월 24일부터 J. Magnus Welander와 Arne Arens를 이사회의 새로운 이사로 임명한다고 발표했습니다. 이번 임명으로 이사회의 규모는 10명으로 증가하며, 그 중 9명은 독립 이사입니다.
회사는 주주 Engaged Capital와 협력 계약을 체결했으며, 이들은 Arens를 잠재적인 이사로 지명하는 데 중요한 역할을 했습니다. 이번 임명은 YETI의 지속적인 이사회 갱신 노력의 일환으로, 이사의 경험을 회사의 전략 및 미래 기회와 일치시키는 것을 목표로 하고 있습니다.
두 새로운 이사는 새로운 카테고리와 시장으로의 확장을 위해 선도적인 아웃도어 브랜드를 포지셔닝하는 데 수십 년의 경험을 가지고 있습니다. 이번 결정은 YETI가 성장을 촉진하고, 주주에게 지속 가능한 가치를 제공하며, 회사의 강력한 브랜드 위치와 모멘텀을 활용하려는 의지를 반영합니다.
YETI Holdings (NYSE: YETI) a annoncé la nomination de J. Magnus Welander et Arne Arens à son Conseil d'Administration, avec effet au 24 mars 2025. Ces nominations portent le nombre de membres du Conseil à 10, dont neuf sont des administrateurs indépendants.
La société a conclu un accord de coopération avec l'actionnaire Engaged Capital, qui a joué un rôle dans l'identification d'Arens en tant que membre potentiel du Conseil. Ces nominations font partie des efforts continus de YETI pour renouveler son Conseil, visant à aligner l'expérience des administrateurs avec la stratégie et les opportunités futures de l'entreprise.
Les deux nouveaux administrateurs apportent des décennies d'expérience dans le positionnement de marques de plein air leaders pour une expansion dans de nouvelles catégories et marchés. Ce mouvement reflète l'engagement de YETI à favoriser la croissance, à offrir une valeur durable aux actionnaires et à capitaliser sur la forte position et l'élan de la marque de l'entreprise.
YETI Holdings (NYSE: YETI) hat die Ernennung von J. Magnus Welander und Arne Arens in seinen Vorstand bekannt gegeben, die am 24. März 2025 wirksam wird. Diese Ernennungen erhöhen die Anzahl der Vorstandsmitglieder auf 10, von denen neun unabhängige Direktoren sind.
Das Unternehmen hat eine Kooperationsvereinbarung mit dem Aktionär Engaged Capital getroffen, der eine Rolle bei der Identifizierung von Arens als potenziellem Vorstandsmitglied gespielt hat. Die Ernennungen sind Teil der laufenden Bemühungen von YETI zur Erneuerung des Vorstands, die darauf abzielen, die Erfahrung der Direktoren mit der Strategie und den zukünftigen Möglichkeiten des Unternehmens in Einklang zu bringen.
Beide neuen Direktoren bringen Jahrzehnte an Erfahrung in der Positionierung führender Outdoor-Marken für die Expansion in neue Kategorien und Märkte mit. Dieser Schritt spiegelt YETIs Engagement wider, Wachstum zu fördern, nachhaltigen Wert für die Aktionäre zu schaffen und die starke Markenposition und Dynamik des Unternehmens zu nutzen.
- Board strengthened with experienced outdoor industry executives
- Constructive cooperation with major stockholder Engaged Capital
- Strategic focus on global expansion and new market opportunities
- Enhanced board independence with 9 out of 10 directors being independent
- None.
Appointments Reflect YETI’s Ongoing Commitment to Board Refreshment That Supports Growth and Value Creation
New Directors Each Bring Decades of Experience Positioning Leading Outdoor Brands to Successfully Expand into New Categories and Markets
Enters into Cooperation Agreement with Engaged Capital
These new appointments reflect the Company’s ongoing Board refreshment efforts, which are focused on further aligning director experience and skillsets with YETI’s strategy and future opportunities. In addition to collaborating with Engaged on this latest round of Board refreshment, YETI’s management team has held extensive discussions with the firm about their shared goals of accelerating growth and enhancing stockholder value.
Robert K. Shearer, Chair of the YETI Board, commented: “We are pleased to welcome J. Magnus and Arne to the YETI Board and appreciate the role Engaged Capital played in identifying Arne as a prospective Board member. These appointments are part of our comprehensive and ongoing refreshment process, and we are confident that J. Magnus’ and Arne’s extensive experience and knowledge of consumer brands will be complementary additions to our Board. We look forward to benefitting from their perspectives as we remain focused on driving growth and delivering sustainable value for our stockholders.”
Matt Reintjes, President and Chief Executive Officer of YETI, noted: “We continue to build upon our proven history of expanding the YETI brand and product portfolio, delivering high quality growth, and exceptional cash generation. The addition of J. Magnus’ and Arne’s collective experience leading relevant, global consumer brands complements our strategy and our Board. I look forward to partnering with J. Magnus and Arne as we grow YETI globally.”
Mr. Welander added: “It is a privilege to join the YETI Board at this exciting time. I look forward to contributing by working with my fellow directors and management to ensure that YETI capitalizes on its strong brand position and momentum, explores new avenues of growth, and drives innovation to meet the evolving needs of its customers.”
Mr. Arens added: “YETI is a leading brand with incredible potential, which is one of the reasons I am excited to join this Board. Together with the management team and my fellow Board members, I intend to help advance the Company’s objectives, support innovation, expand its customer base, and drive profitable growth.”
Glenn W. Welling, Founder and CIO of Engaged Capital, concluded: “We are pleased to have worked constructively with Matt and the Board and support these director appointments. YETI leadership has built a great business, and we invested in the Company based on the strength and extensibility of the brand. Arne and Magnus both have decades of experience positioning leading outdoor brands to grow into new categories and geographies. Their counsel will be invaluable to the management team as it executes on a strong plan to materially expand the product portfolio and enter new countries around the world.”
Goldman Sachs is serving as financial advisor and O’Melveny & Myers LLP is serving as legal counsel to YETI. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to YETI. Olshan Frome Wolosky LLP is serving as legal counsel and Longacre Square Partners LLC is serving as advisor to Engaged.
About J. Magnus Welander
Mr. Welander is the former Chief Executive Officer of Thule Group AB (“Thule”), a global lifestyle and outdoor company. Prior to his career at Thule, he was Group CEO of the global pharma logistics company Envirotainer and held various managerial positions at the global food processing and packaging company Tetra Pak. He currently serves as Chairman of the Board at Mips, Embellence Group, and Eleiko Group. He has a degree in Civil Engineering from the Institute of Technology at Linköping University.
About Arne Arens
Mr. Arens is the former Chief Executive Officer of Boardriders, Inc. (“Boardriders”), a portfolio of performance, lifestyle, and footwear brands geared toward action sport enthusiasts. Prior to Boardriders, Mr. Arens served in roles of increasing seniority at The North Face, a subsidiary of V.F. Corporation. Prior to joining The North Face, Mr. Arens served in various executive roles with NIKE, Inc. in
About YETI Holdings, Inc.
Headquartered in
About Engaged Capital
Engaged Capital, LLC (“Engaged Capital”) is an investment advisor with a private equity-like investing style in the
Forward-Looking Statements
This press release contains ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements. For example, these include, but are not limited to, statements made relating to future actions, future appointments to and refreshment of our Board of Directors, expectations related to the appointment of Messrs. Welander and Arens to our Board of Directors, our collaboration with Engaged, and future performance or financial results. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that are expected and, therefore, you should not unduly rely on such statements. The risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include but are not limited to: (i) economic conditions or consumer confidence in future economic conditions; (ii) our ability to maintain and strengthen our brand and generate and maintain ongoing demand for our products; (iii) our ability to successfully design, develop and market new products; (iv) our ability to effectively manage our growth; (v) our ability to expand into additional consumer markets, and our success in doing so; and (vi) the additional risks and uncertainties described in Item 1A Risk Factors in our Annual Report on Form 10-K for the year ended December 28, 2024. For a more extensive summary of factors that could materially affect our results, you should read our Annual Report on Form 10-K for the year ended December 28, 2024 and our other filings with the United States Securities and Exchange Commission (the “SEC”), as such filings may be amended, supplemented or superseded from time to time by other reports YETI files with the SEC.
These forward-looking statements are made based upon detailed assumptions and reflect management’s current expectations and beliefs. While YETI believes that these assumptions underlying the forward-looking statements are reasonable, YETI cautions that it is very difficult to predict the impact of known factors, and it is impossible for YETI to anticipate all factors that could affect actual results.
The forward-looking statements included here are made only as of the date hereof. YETI undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law. Many of the foregoing risks and uncertainties may be exacerbated by the global business and economic environment, including ongoing geopolitical conflicts.
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Solebury Strategic Communications
Investor.relations@yeti.com
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Source: YETI Holdings, Inc.
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