Hibbett Sports, Inc. announced that Albert C. Johnson and Terrance G. Finley have been appointed to the company's Board of Directors. The two new additions bring the boards current membership to eight directors.
The company also announced that current Board member Clyde B. Anderson will not stand for re-election at the 2008 Annual Shareholders Meeting when his term expires. Anderson has been on the Board of Directors since 1987 and serves as chairman of the Nominating and Corporate Governance Committee.
Mickey Newsome, chairman and CEO, stated, “We are pleased to add two directors with experience in finance and retailing. Al Johnson's 30 years of senior-level financial experience in diverse, growth-oriented industries will be a tremendous asset to our Board. Terry Finleys retail, merchandising and operational experience should provide a valuable perspective for us on the Board. Al and Terrys familiarity with Hibbett and our culture will likewise benefit us greatly.”
Newsome added, “Hibbett is a great company today, largely due to the many contributions and strategic counsel Clyde Anderson and his family have provided since 1980. While we respectfully honor his decision to retire from the Board at the end of his term, we do so with heartfelt thanks and appreciation.”
Johnson has served as a financial consultant since 1998. Prior to that time, he served as Senior Vice President and Chief Financial Officer for Birmingham-based Dunn Investment Company, a privately owned construction company. Mr. Johnson began his career with Arthur Andersen, where he served for nearly 25 years in positions of increasing responsibility, culminating in managing partner and Audit Division head for the Birmingham, Alabama office. Johnson, a CPA, received his MS in Systems Management from the University of Southern California and a BS in Accounting from Florida State University. He currently serves as chairman of the Audit Committee for Books-A-Million, Inc.
Finley is currently President of the merchandising group at Books-A-Million, Inc., where he is responsible for all of the companys merchandising, marketing, publishing, import and internet activities. A 30-year veteran of the book industry, Finley has led several of Books-A-Millions business units and has served with the company for nearly 20 years. He was previously with Smithmark Publishers, Crown Publishers and Richs Department Store. Finley graduated from Auburn University.