Business Services Industry
Jo-Ann Stores Elects Two New Members to Board of Directors
Business Wire, April 2, 2008
HUDSON, Ohio -- The Board of Directors of Jo-Ann Stores, Inc. (NYSE: JAS) today announced the election of two new members, Joseph M. DePinto, President and Chief Executive Officer of 7-Eleven, Inc., and David A. Perdue, Jr., former Chairman and Chief Executive Officer of Dollar General Corporation.
Mr. DePinto has served as President and Chief Executive Officer of 7-Eleven, Inc., the world's largest convenience retailer, since 2005. During 2005 he served as President of GameStop, Inc., the leading videogame and entertainment software retailer. From 2002 to 2005 Mr. DePinto was an executive with 7-Eleven, serving as Vice President, Operations from 2003 to 2005, and as Division Vice President from 2002 to 2003. Prior to that, he also held executive positions at PepsiCo, Inc. Mr. DePinto currently serves on the boards of 7-Eleven, Inc. and OfficeMax Incorporated.
Mr. Perdue served as Chairman and Chief Executive Officer of Dollar General Corporation, a Fortune 500 discount retailer operating more than 8,000 stores, from 2003 to 2007. Before joining Dollar General, he served as Chairman and Chief Executive Officer of Pillowtex Corporation, a home textile manufacturer, and prior to that held senior management positions with leading consumer products companies including Reebok International Ltd., Haggar Corporation and Sara Lee Corporation. Mr. Perdue currently serves on the board of Alliant Energy Corporation.
Darrell Webb, Chairman of the Board, President and Chief Executive Officer of Jo-Ann Stores, Inc. said, "Mr. DePinto and Mr. Perdue bring a wealth of experience and knowledge to our Board. Their experience as Chief Executive Officers operating companies with large retail store networks should allow them to provide valuable insight to our Company. We are honored to have them join us as we continue to work towards driving long-term profitable growth to enhance shareholder value."
Mr. DePinto fills a formerly vacant seat on the Board, while Mr. Perdue fills a newly added position, increasing the total Board size to ten members. Both men will be up for re-election at the Company's Annual Meeting of Shareholders on June 11, 2008.
Jo-Ann Stores, Inc. (http://www.joann.com), the leading national fabric and craft retailer with locations in 47 states, operates 196 large-format stores and 578 small-format stores.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders


