BJ's Wholesale Club Elects Herb Zarkin President and CEO.Zarkin to Remain Chairman of the Board NATICK, Mass. -- BJ's Wholesale Club BJ's Wholesale Club, Inc. NYSE: BJ is a membership-only warehouse club chain operating in the East Coast of the United States, as well as in the state of Ohio. History , Inc. (NYSE NYSE See: New York Stock Exchange :BJ) today announced that Herb Zarkin has been elected president and chief executive officer of the Company. Mr. Zarkin has served as interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. since November 22, 2006. He will remain as chairman of BJ's board of directors. Mr. Zarkin has been a director of the Company since November 1996 and chairman of the board of directors of the Company since 1997. From 1993 to 1997, he served as president, chief executive officer and director of Waban Inc., which operated BJ's Wholesale Club as well as HomeBase, another warehouse merchandising business. "Over the past few months, we have assembled a talented management team with deep wholesale club experience and a track record of success in the two areas where we want to focus our attention in 2007: merchandising and membership," said Zarkin. "I am excited about the opportunity to continue to lead the Company and I am optimistic about BJ's prospects for profitable growth." Commenting on the appointment, Tom Shields, BJ's presiding director said, "The board's decision is a vote of confidence in Herb's ability to lead the Company. He has done an outstanding job as CEO in recent months and we are confident that his continued leadership will benefit all BJ's stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. ." BJ's introduced the wholesale club concept to New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. in 1984 and has since expanded to become a leading warehouse chain in the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company currently operates 172 BJ's Wholesale Clubs in 16 states. BJ's press releases and filings with the SEC are available at www.bjsinvestor.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion