JOANN Announces Resignation of President and CEO Wade

Retirement







HUDSON, Ohio, May 9, 2023 (GLOBE NEWSWIRE) — JOANN Inc. (NASDAQ: JOAN) (“JOANN”) is a category leader in garments and fabrics offering the nation’s largest selection of arts and crafts. and announced his retirement from the company. Wade Mikron will become President and Chief Executive Officer, effective May 8, 2023. Chris DiTario, Executive Vice President and Chief Customer Officer, and Scott Sequera, Executive Vice President and Chief Financial Officer, have been appointed to lead the Interim Office of the Chief Executive Officer. , the Board has launched an investigation to identify a permanent successor.

Brian Coleman, vice president of Leonard Green Partners, LP, said: For the next chapter of JOANN, we continue to focus on providing our customers with a superior in-store and online experience, increasing operational efficiency and leveraging JOANN’s strengths in sewing, arts and crafts. We are focused on delivering value to our shareholders through our core strategic priorities. category.

DiTullio has been JOANN’s Chief Customer Officer since October 2019 and is responsible for how customers interact with JOANN’s brands, including all aspects of store and omnichannel operations, customer care, inventory management and marketing. is supervising. Prior to joining JOANN in 2005, he held operations and inventory management roles at JC Penney, Homeplace, Inc., and Cole Vision.

Mr. Sekella will serve as JOANN’s Chief Financial Officer from September 2022, overseeing all aspects of finance and accounting, as well as indirect procurement. Mr. Sekella has over 20 years of financial experience with multiple national and international brands, most recently he served as Under Armor’s Corporate FP&A Vice President. In addition, Mr. Sekera has held roles overseeing aspects of financial operations in his companies at Crocs, Henkel of America, Pfizer, and Ford Motor Company.

For more information on JOANN’s management team and board of directors, please visit investors.joann.com.

About Joanne

For 80 years, JOANN has been bringing creativity to our customers’ hearts, hands and minds. From his one store in Cleveland, Ohio, the national leader in sewing and fabrics, offering the largest selection of arts and crafts, has grown to include 840 stores across 49 states and a strong e-commerce business. . With the goal of helping all customers find their creative happy place, JOANN acts as a convenient single source for all the supplies, guidance and inspiration you need to achieve your projects and passions. To do.

About LGP
Leonard Green & Partners, LP (“LGP”), founded in 1989, is a leading Los Angeles-based private equity investment firm with over $70 billion in assets under management. The company partners with experienced management teams, often partnering with founders, to invest in market-leading companies. Since its inception, LGP has invested in more than 120 companies in the form of traditional buyouts, privatization transactions, recapitalizations, growth equity, selective public equity and debt positions. The company is primarily focused on service providers such as consumer, healthcare, business services, retail, distribution and industrial. For more information, please visit www.leonardgreen.com.


        



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