Ollie's Bargain Outlet Holdings, Inc. announced on February 3, 2025, the appointment of Eric van der Valk as President and Chief Executive Officer, effective February 2, 2025. This appointment completes the company's previously announced leadership succession plan.
In conjunction with his new role, Eric van der Valk has also been added to the company's Board of Directors, increasing the total number of directors to ten. Former CEO John Swygert has transitioned to the role of Executive Chairman of the Board.
The Board's lead independent director, Rich Zannino, stated that these appointments are the culmination of years of succession planning. He highlighted Eric van der Valk's background in closeout, deep discount, merchandising, and operational experience as ideal for leading Ollie's continued growth.
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