Stephen P. Murray has been appointed to Cabela's Board of Directors. Mr. Murray has been a partner in the New York office of JPMorgan Partners since 1994 and member of the firm since 1984. JPMorgan Partners is a leading private equity firm with over $11 billion in capital under management.

Prior to joining JPMorgan Partners, Mr. Murray was a Vice President with the Middle-Market Lending Division of Manufactures Hanover Trust Company. Mr. Murray holds a B.A. from Boston College and an M.B.A. from Columbia Business School. Mr. Murray also serves as a director of several other companies, including Warner Chilcott Pharmaceuticals, La Petite Academy, AMC Inc., Jetro Inc., Pinnacle Foods, MedQuest Associates, and Strongwood Insurance.

“Having known Steve for almost ten years, I am confident that his financial and investment expertise will be a great asset to our Board of Directors,” said Dennis Highby, Cabela's President and Chief Executive Officer. “We are delighted to welcome Steve to our Board.”