Sportsman’s Warehouse Holdings, Inc. is reducing the size of its Board of Directors nine to six members after the voluntary resignation of Board members Erica Fortune, Gregory P. Hickey and Philip C. Williamson. Each has reportedly notified the Board of Directors of their intent to resign as Board members prior to the start of the company’s 2024 Annual Meeting of Stockholders.
The move is expected to cut costs while providing more involvement from new members appointed over the last year.
“We would like to thank Erica, Greg and Philip for their valuable service on the Board,” said Rich McBee, chairman of the Board. “Each of them brought unique skillsets and insights during their tenures, and Sportsman’s Warehouse has greatly benefited from their experience. We wish them all the best in their future endeavors.”
McBee continued, “The decision to reduce the size of the Board following these resignations is in-line with our stated focus on managing our expense structure and right-sizing all elements of the organization. As we execute our strategy to return the business to profitability and growth under President and CEO Paul Stone, we believe we are well positioned to regain our edge as the local outdoor retailer of choice, and ultimately to enhance shareholder value in the process.”
Following these anticipated changes, half of the company’s Board will have been added within the past year.
Image courtesy Sportsman’s Warehouse Holdings, Inc.
