JOANN Announces Addition of Maarten Jager to Board of Directors

Core Insights - JOANN has appointed Maarten Jager to its Board of Directors, effective October 22, 2024, bringing extensive retail experience to the company [1][2] - Jager's previous roles include Chief Financial Officer at Mattress Firm, where he successfully led a business turnaround, achieving significant refinancing and recapitalization [2] - JOANN aims to leverage Jager's expertise in finance, strategy, and sustainable growth to support its ongoing transformation [2] Company Background - JOANN has been a leader in the sewing and fabrics category for over 80 years, operating more than 800 stores across 49 states and a robust e-commerce platform [4] - The company focuses on inspiring creativity and providing a comprehensive range of supplies and guidance for various projects [4] Jager's Experience - At Mattress Firm, Jager was instrumental in securing $550 million in refinancing and $1.35 billion in dividend recapitalization [2] - His previous experience includes leadership roles at PriceSmart Inc., Walmart, Diageo, Booz Allen Hamilton, and General Electric, showcasing a diverse functional background [3] - Jager holds degrees in Engineering and an MBA with a focus on business strategy and finance from prestigious universities [3]