Tandy Leather Appoints New Chief Financial Officer
June 15 2020 - 7:43PM
Tandy Leather Factory, Inc. (the “Company”) announced that Steve
Swank is joining the Company as its Chief Financial Officer,
effective July 6, 2020. Mr. Swank joins Tandy Leather from
Sears Hometown Stores, Inc., where he was the Vice President, CFO
and Treasurer. Michael Galvan, the Company’s Interim CFO,
will remain with Tandy through the completion of the restatement
and in a consulting role.
Mr. Swank brings over 25 years of finance,
accounting, planning and other relevant experience in a broad range
of retail companies, including Sears-branded companies, where he
spent the last 11 years, Fossil Group and CompUSA. He has
worked in both public and private companies and in both large
organizations and small. Coming full circle, Mr. Swank
started his career at Fort Worth-headquartered Tandy Corporation in
buying and merchandising.
“We are thrilled to have Steve join our team to
lead our Finance and Accounting function and to play a key role in
Tandy’s transformation story. His broad range of finance
roles and deep retail experience, combined with his proven
team-building and strategic thinking skills, make him an excellent
and unique fit for our team,” said Janet Carr, CEO of the
Company. “We want to thank Mike Galvan for his invaluable
contributions, in particular to our restatement effort, and his
hard work and commitment to helping us get over the finish line in
August.”
“It’s an exciting time to be joining Tandy
Leather,” Steve Swank said. “I’m looking forward to being
part of the team that can take this 100-year-old heritage brand
onto a path of growth to unlock value for shareholders.”
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 108
North American stores located in 40 US states and 6 Canadian
provinces, and one international store located in Spain. Its
common stock trades on the Nasdaq with 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: Janet Carr, Tandy Leather
Factory, Inc. (817) 872-3200
or janet.carr@tandyleather.com
This news release may contain statements
regarding future, 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.
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