SAN DIEGO, July 12, 2021 /PRNewswire/ -- Petco
Health and Wellness Company, Inc. (NASDAQ: WOOF), a complete
partner in pet health and wellness, today announced that its Board
of Directors has appointed R. Michael
(Mike) Mohan as Lead Independent Director.
Mohan joined Petco's Board of Directors in March 2021 and will continue to serve on its
Audit Committee. Mohan is a seasoned retail leader and most
recently served as the President and Chief Operating Officer of
Best Buy Co., Inc. As President and COO, he was responsible for the
operations of Best Buy's U.S. and International businesses and led
services, customer experience, category management, merchandising,
marketing and supply chain.
"We're fortunate to have a leader of Mike's caliber and
experience take on the important role of Lead Independent Director
as we continue to execute on our transformation and growth
strategy," said Ron Coughlin,
Chairman and CEO of Petco. "His experience leading Best Buy through
a successful transformation towards services and e-commerce as well
as how to hire, train and motivate teams has been an important
asset on our board and will continue to serve Petco well."
"Petco has executed a remarkable transformation and it's an
honor to take my role on Petco's board to a new level," said Mohan.
"Petco's mission to improve the lives of pets and those that work
at Petco combined with its differentiated strategy and proven
executional capability has already made it a formidable player in
the category, and I'm excited to help accelerate progress against
the company's strategy and people agenda."
Mohan joined Best Buy in 2004 and served in a variety of
leadership roles, including COO of its U.S. business, and Chief
Merchandising and Marketing Officer. Through these roles, Mohan
demonstrated his extensive retail industry expertise, management
experience and digital marketing acumen. He also serves on the
Board of Directors of Bloomin' Brands, Inc., and as a national
trustee for the Boys & Girls Club of America.
About Petco, The Health + Wellness Co.
Petco is a category-defining health and wellness company focused
on improving the lives of pets, pet parents and our own Petco
partners. Since our founding in 1965, we've been striving to set
new standards in pet care, delivering comprehensive wellness
solutions through our products and services, and creating
communities that deepen the pet-pet parent bond. We operate more
than 1,500 Petco locations across the
U.S., Mexico and Puerto Rico, including a growing
network of more than 100 in-store veterinary hospitals, and offer a
complete online resource for pet health and wellness
at petco.com and on the Petco app. In tandem with
Petco Love (formerly the Petco Foundation), an independent
nonprofit organization, we work with and support thousands of local
animal welfare groups across the country and, through in-store
adoption events, we've helped find homes for more than 6.5 million
animals.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, concerning expectations, beliefs, plans, objectives,
goals, strategies, future events or performance and underlying
assumptions and other statements that are other than statements of
historical fact. Although Petco believes that the expectations and
assumptions reflected in these statements are reasonable, there can
be no assurance that these expectations will prove to be correct.
Forward-looking statements are subject to many risks and
uncertainties, including the risk factors that Petco identifies in
its Securities and Exchange Commission filings, and actual results
may differ materially from the results discussed in such
forward-looking statements. Petco undertakes no duty to update
publicly any forward-looking statement that it may make, whether as
a result of new information, future events or otherwise, except as
may be required by applicable law, regulation or other competent
legal authority.
Investor Contact:
Petco Health and Wellness Company,
Inc.
Kristy Moser, Vice President,
Strategic Financial Planning and Analysis and Investor
Relations
Kristine.moser@petco.com
Media Contact:
Petco Health and Wellness Company,
Inc.
Yvonne Tarrab, Public Relations
Specialist
yvonne.tarrab@petco.com
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SOURCE Petco Health and Wellness Company, Inc.