Monday, 27 April 2020

Hibbett Sports add to board

Birmingham, Alabama-based sportswear retailer Hibbett Sports, Inc. announced on Monday that it is nominating Jamere Jackson for election as a Class III director, on the board of directors. 

Current Class III director, Ralph T. Parks, is retiring from service on the board and is not standing for re-election at the annual stockholders meeting taking place on May 28, in accordance with the board’s director tenure policy.

Jackson is the chief financial officer of Hertz Global Holdings Inc., a multi-billion dollar global rental car and fleet leasing company. He also serves on the board of directors of pharmaceutical giant Eli Lilly & Company, where he is chair of the audit committee and a member of the finance committee.

Prior to joining Hertz, Jackson was a chief financial officer of Nielsen Holdings. He equally spent nearly ten years at General Electric in a variety of financial leadership roles and held several roles in finance, strategic planning, mergers and acquisitions, and strategic planning at Procter & Gamble and Yum Brands. 

“[Jackson’s] CFO experience at publicly traded companies, as well as service as a board member of a publicly traded company, will add expertise in areas of finance, strategic planning, processes, metrics and data analytics,” said Anthony F. Crudele, chairman of the board, in a news statement.

“As a former college athlete and sports enthusiast, he has a unique insight into our team sports merchandise assortment and a strong understanding of our key customer segments. Upon his election, we believe that he will strengthen the overall capabilities of our board of directors as we continue to reinforce our Board’s technical and diverse skill sets.”

Jackson added: “I look forward to the opportunity to work with the Hibbett team. My business experience is very diverse, and I am confident that I can utilize this diversity to assist Hibbett in their growth strategies.” 

Last month, Hibbett reported annual net income of $27.3 million on revenues of $1.2 billion for the fiscal year ended February 1, 2020. Due to the ongoing Covid-19 pandemic, the company has not yet provided financial guidance for the current fiscal year.

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