Hibbett Sports Inc. announced the nomination of Jamere Jackson for election as a Class III director at the company’s 2020 annual stockholders meeting on May 28.
Current Class III Director Ralph T. Parks is retiring from service on the board of directors and is not standing for re-election at the annual meeting in accordance with the board’s director tenure policy.
Jackson is CFO of Hertz Global Holdings Inc. He also serves on the board of directors of pharmaceutical giant Eli Lilly & Co., where he is chair of the audit committee and a member of the finance committee.
Anthony F. Crudele, chairman of the board, said, “I look forward to welcoming Mr. Jackson to the Hibbett Board of Directors and the experience he will bring to our Board. His CFO experience at publicly traded companies, as well as service as a Board member of a publicly-traded company, will add expertise in areas of finance, strategic planning, processes, metrics and data analytics. As a former college athlete and sports enthusiast, he has a unique insight into our team sports merchandise assortment and a strong understanding of our key customer segments. Upon his election, we believe that he will strengthen the overall capabilities of our Board of Directors as we continue to reinforce our Board’s technical and diverse skill sets.”
Crudele continued, “I would also like to thank Mr. Ralph Parks for his long-tenured service on the Board. Not only has he provided a guiding hand to Hibbett Sports for 18 years, but he has also been an icon in the sporting goods industry, having been inducted into the Sporting Goods Industry Hall of Fame in May 2000. Joining the Company in May 2002 and leading as our Compensation Committee Chairman from 2005 to 2017, his distinguished service has been invaluable to us, and we wish him nothing but the best in his retirement.”
Commenting on his nomination, Jackson stated, “I look forward to the opportunity to work with the Hibbett team. My business experience is very diverse, and I am confident that I can utilize this diversity to assist Hibbett in their growth strategies. I have been a customer of Hibbett Sports, and I consider their operating model to be one of the most efficient models in today’s retail environment. As a former athlete, I look forward to being part of one of the country’s leading athletic-inspired retailers.”
Photo courtesy Hibbett Sports