Cabela’s Inc. Names Scott K. Williams President
February 09 2016 - 05:30PM
Business Wire
Cabela’s Incorporated (NYSE:CAB) announced today that Scott K.
Williams has been appointed President, effective immediately. He
will continue to report to Tommy Millner, the Company’s Chief
Executive Officer.
Mr. Williams, previously the Company’s Executive Vice President
and Chief Commercial Officer, will take on additional
responsibility for U.S. retail operations and all operations in
Canada.
“Scott has made a tremendous contribution to Cabela’s over the
past five years, and his wealth of commercial and marketing
experience has been an invaluable asset to the Company,” said
Mr. Millner. “We continue to take action to align our
organization around Vision 2020, through which we will focus on
serving our core customers and creating value for our shareholders,
and Scott’s appointment as President is an important step in that
process. We look forward to benefitting from Scott’s leadership and
strategic expertise as we execute on our strategy.”
Mr. Williams stated, “Cabela’s is an outstanding company with a
strong brand, a solid financial foundation, and perhaps the most
loyal and engaged customers of any national retailer, and I am
honored to be named President. I look forward to working with our
team of tireless and dedicated outfitters to drive progress towards
our goal of being the world’s best omni-channel retailer, while
driving improved performance in both revenue growth and
profitability.”
Mr. Williams has been with Cabela’s since October 2011. Before
serving as Executive Vice President and Chief Commercial Officer,
he held the role of Executive Vice President and Chief Marketing
and E-Commerce Officer. He previously served as President of
Fanatics, Inc., a vertically integrated online retailer of team and
league licensed sports apparel and collectibles, from June 2010 to
February 2011. Mr. Williams was a Corporate Vice President of
Walmart Stores, Inc. from 2006 to May 2010, serving as General
Manager of Samsclub.com. From 1996 to 2006, he held a series of key
leadership positions at OfficeMax Incorporated, including Senior
Vice President, OfficeMax Direct Business Segment, and Senior Vice
President, Marketing.
About Cabela's Incorporated
Cabela's Incorporated, headquartered in Sidney, Nebraska, is a
leading specialty retailer, and the world's largest direct
marketer, of hunting, fishing, camping and related outdoor
merchandise. Since the Company's founding in 1961, Cabela's® has
grown to become one of the most well-known outdoor recreation
brands in the world, and has long been recognized as the World's
Foremost Outfitter®. Through Cabela's growing number of retail
stores and its well-established direct business, it offers a wide
and distinctive selection of high-quality outdoor products at
competitive prices while providing superior customer service.
Cabela's also issues the Cabela's CLUB® Visa credit card, which
serves as its primary customer loyalty rewards program. Cabela's
stock is traded on the New York Stock Exchange under the symbol
"CAB".
Caution Concerning Forward-Looking
Statements
Statements in this press release that are not historical or
current fact are “forward-looking statements” that are based on the
Company’s beliefs, assumptions, and expectations of future events,
taking into account the information currently available to the
Company. Words such as "expects," "intends," "anticipates,"
"believes," "estimates," "guides," "provides guidance," "provides
outlook" and other similar expressions or future or conditional
verbs such as "may," "will," "should," "would," "could," and
"might" are intended to identify such forward-looking statements.
Forward-looking statements involve risks and uncertainties that may
cause the Company’s actual results, performance, or financial
condition to differ materially from the expectations of future
results, performance, or financial condition that the Company
expresses or implies in any forward-looking statements. These risks
and uncertainties include, but are not limited to: the Company’s
exploration and evaluation of strategic alternatives may not result
in the successful identification or completion of a strategic
alternative that yields additional value for stockholders, and the
exploration and evaluation process may have an adverse impact on
the Company’s business; the state of the economy and the level of
discretionary consumer spending, including changes in consumer
preferences, demand for firearms and ammunition, and demographic
trends; adverse changes in the capital and credit markets or the
availability of capital and credit; the Company’s ability to
successfully execute its omni-channel strategy; increasing
competition in the outdoor sporting goods industry and for credit
card products and reward programs; the cost of the Company’s
products, including increases in fuel prices; the availability of
the Company’s products due to political or financial instability in
countries where the goods the Company sells are manufactured;
supply and delivery shortages or interruptions, and other
interruptions or disruptions to the Company’s systems, processes,
or controls, caused by system changes or other factors; increased
or adverse government regulations, including regulations relating
to firearms and ammunition; the Company’s ability to protect its
brand, intellectual property, and reputation; the Company’s ability
to prevent cybersecurity breaches and mitigate cybersecurity risks;
the outcome of litigation, administrative, and/or regulatory
matters (including the ongoing Securities and Exchange Commission
investigation, audits by tax authorities, and compliance
examinations by the Federal Deposit Insurance Corporation); the
Company’s ability to manage credit, liquidity, interest rate,
operational, legal, regulatory capital, and compliance risks; the
Company’s ability to increase credit card receivables while
managing credit quality; the Company’s ability to securitize its
credit card receivables at acceptable rates or access the deposits
market at acceptable rates; the impact of legislation, regulation,
and supervisory regulatory actions in the financial services
industry; and other risks, relevant factors, and uncertainties
identified in the Company’s filings with the SEC (including the
information set forth in the “Risk Factors” section of the
Company’s Form 10-K for the fiscal year ended December 27, 2014,
and Form 10-Q for the quarterly period ended September 26, 2015),
which filings are available at the Company’s website at
www.cabelas.com and the SEC’s website at www.sec.gov. Given the
risks and uncertainties surrounding forward-looking statements, you
should not place undue reliance on these statements. The Company’s
forward-looking statements speak only as of the date they are made.
Other than as required by law, the Company undertakes no obligation
to update or revise forward-looking statements, whether as a result
of new information, future events, or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160209006816/en/
Cabela’s IncorporatedInvestors:Andrew Weingardt,
308-255-7428orMedia:Nathan Borowski, 308-255-2861
Cabelas (NYSE:CAB)
Historical Stock Chart
From Feb 2024 to Mar 2024
Cabelas (NYSE:CAB)
Historical Stock Chart
From Mar 2023 to Mar 2024