Petco Well being and Wellness Firm has appointed Glenn Murphy as government chairman of the board of administrators, efficient instantly.
As government chairman, Murphy will help the Petco management staff’s give attention to enhancing profitability whereas implementing strategic actions to drive long-term development. He’ll play a lead position within the board of administrators’ ongoing seek for a everlasting CEO.
Glenn Murphy as has been appointed government chairman of the board of administrators for Petco.Petco Well being and Wellness Firm
For his half, Murphy mentioned Petco is a well-regarded model within the high-growth pet class with a differentiated strategy that’s positioned to create important long-term shareholder worth.
“In evaluating the chief chairman position over the previous a number of months, I’ve constructed conviction that there are various tangible alternatives to enhance near-term working and monetary efficiency and ship engaging long-term development,” mentioned Murphy. “I look ahead to working intently with administration and the board of administrators towards these goals.”
Murphy is presently the CEO of the consumer-focused funding agency FIS Holdings. Previous to founding FIS Holdings, he served as chairman of the board, together with within the position of government chairman for an interim interval, at lululemon athletica inc. Murphy additionally served as chairman and CEO at Hole, Inc. from 2007-2014. Murphy beforehand served as chairman and CEO of Consumers Drug Mart Inc. He started his profession and spent over a decade at Loblaw Corporations.
Following these modifications, Petco Well being and Wellness Firm’s board of administrators will probably be composed of 11 members.
