Big 5 Sporting Goods Corporation Announces Board and Audit Committee Changes
October 08, 2021 at 11:54 am EDT
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Big 5 Sporting Goods Corporation announced the appointment of Lily W. Chang to its Board of Directors, effective October 7, 2021. Ms. Chang has an extensive track record of successfully collaborating with companies to enhance financial and operational performance in a variety of consumer-facing industries. Ms. Chang is currently the Chief Portfolio Services Officer of Leonard Green &Partners ("LGP"), which she joined in 2004. In her role at LGP, she leads collaborative efforts to drive results and innovation with portfolio companies across a broad array of industries, including retail and consumer services. Additionally, since 2018, she has served as a member of the Board of Directors of JOANN Stores, a publicly traded specialty retailer of fabrics and crafts. Prior to joining LGP, Ms. Chang worked in strategy and planning roles at Nissan North America and Nissan Motor Acceptance Corporation, was a partner with eCompanies Venture Group, and held finance and management positions with The Walt Disney Company and Procter &Gamble. Additionally, the Company announced that Sandra N. Bane has informed the Company that she intends to retire from the Company's Board of Directors, effective as of November 15, 2021. Ms. Chang has also been appointed to the Audit Committee of the Board.
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company conducts its business through its subsidiary, Big 5 Corp. Its product mix includes athletic shoes, apparel, and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, home recreation, tennis, golf, and winter and summer recreation. The Company is operating approximately 430 stores and an e-commerce platform under the Big 5 Sporting Goods name. It provides a full-line product offering in a traditional sporting goods store format that averages approximately 12,000 square feet. Its stores include a range of products from various brand name manufacturers, including adidas, Coleman, Columbia, Everlast, New Balance, Timex, Rawlings, Skechers, Spalding, Under Armour, Hillerich & Bradsby, Mueller Sports Medicine, Igloo, and others. It operates a 953,000 square foot distribution center located in Riverside, California.