Petco Names Joel D. Anderson as Chief Executive Officer

Company Leadership Change - Joel D. Anderson has been appointed as the new Chief Executive Officer (CEO) of Petco, effective July 29, 2024, and will also serve on the Board of Directors [1][2] - R. Michael Mohan will transition from interim CEO to chair a new Board committee focused on value creation initiatives [2][3] Leadership Background - Joel D. Anderson brings over 30 years of retail experience, having previously served as CEO of Five Below, where he expanded the company from 366 to over 1,500 stores and increased revenue from $500 million to over $3.5 billion [3][4] - Anderson has also held significant roles at Walmart, including President and CEO of Walmart.com, overseeing a multi-billion dollar business unit, and Senior Vice President of the Northern Plains division, managing over 100,000 associates and more than $25 billion in annual sales [4] Company Overview - Petco, founded in 1965, focuses on pet health and wellness, operating over 1,500 pet care centers across the U.S., Mexico, and Puerto Rico, offering a range of products and services [5] - The company aims to improve the lives of pets and their owners while supporting local animal welfare groups through initiatives like in-store adoption events, having helped find homes for nearly 7 million animals [5]