JOANN Announces Board of Directors, Interim CEO

Company Leadership Changes - JOANN has appointed Michael Prendergast as Acting Chief Executive Officer, who has extensive experience in transforming companies and has served as an interim leader for other retailers [1] - Chris DiTullio and Scott Sekella will continue their roles as Chief Customer Officer and Chief Financial Officer, respectively, after leading JOANN through a successful Chapter 11 process [1] - A search for a permanent CEO is currently underway [1] Board of Directors - The new Board of Directors includes experienced members such as Mary Campbell, Joe Hartsig, Darrell Horn, Michelle Israel, and Bill Wall, who bring deep expertise in business and retail [13] - Darrell Horn, the Interim Chairman of the Board, expressed confidence in Michael Prendergast's ability to maintain the company's positive momentum [2] Company Background - JOANN has been a leader in the fabric and sewing category for over 80 years, operating more than 800 store locations across 49 states and a robust e-commerce platform [12] - The company aims to inspire creativity and serve as a single source for supplies, guidance, and inspiration for its customers [12]