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YETI Announces CFO Transition
Globenewswire· 2026-02-19 11:00
Core Viewpoint - YETI Holdings, Inc. has appointed Scott Bomar as the new Chief Financial Officer, succeeding Mike McMullen, who will assist in the transition until May 31, 2026 [1][3] Group 1: Leadership Transition - Scott Bomar will officially take over as CFO on February 23, 2026, bringing over 20 years of financial and operational leadership experience from his previous roles, including Senior Vice President of Finance at Home Depot [1][2] - Mike McMullen has served as CFO for a decade and played a crucial role in YETI's transformation, including its public listing in 2018 [3][4] Group 2: Scott Bomar's Background - Bomar has a strong track record in financial operations, having led various aspects of Home Depot's finance, including financial planning, treasury, and acquisition integration [2][5] - He has also held significant operational responsibilities, including managing Home Depot's $5 billion Home Services business unit and retail operations in China [2][5] Group 3: Company Strategy and Future Outlook - YETI aims to capitalize on growth opportunities by focusing on product innovation, expanding global presence, and penetrating its total addressable market [4][3] - The company is committed to disciplined execution and driving long-term shareholder value, leveraging Bomar's expertise in cost management and operational efficiency [3][4]
CooperCompanies Appoints Walter M Rosebrough, Jr. to its Board of Directors
Globenewswire· 2025-12-23 13:00
Core Viewpoint - CooperCompanies has appointed Walter (Walt) M Rosebrough, Jr. as an independent director and entered into a cooperation agreement with Browning West, aiming to enhance governance and drive long-term value for shareholders [1][3]. Group 1: Appointment and Governance - Walter Rosebrough will join the Board's Corporate Governance & Nominating Committee and is being considered for the Chair position by the end of 2026 [1]. - The Board will also appoint a new independent director with medical technology experience, in agreement with Browning West [1]. Group 2: Background of Walter Rosebrough - Rosebrough served as CEO of STERIS from 2007 to 2021, achieving a 10-fold total return on stock and an 18% annualized return, compared to a 10% annualized return for the S&P 500 [2]. - His career includes nearly two decades at Hill-Rom Holdings, where he held senior executive roles [2]. Group 3: Strategic Vision and Cooperation - Colleen Jay, the Incoming Chair of the Board, emphasized Rosebrough's leadership experience and track record in supporting sustainable growth [3]. - Browning West expressed confidence in Cooper's long-term potential and the constructive path forward with the Board [3]. - Browning West has agreed to customary standstill and voting commitments and will support the Board's full slate of directors at the 2026 Annual Meeting [3]. Group 4: Company Overview - CooperCompanies is a global medical device company with two business units: CooperVision and CooperSurgical, impacting over fifty million lives annually [4]. - The company is headquartered in San Ramon, CA, employs over 15,000 people, and sells products in over 130 countries [4]. Group 5: About Browning West - Browning West is an independent investment partnership focused on long-term value creation in high-quality businesses, primarily in North America and Western Europe [5]. - Founded in 2019, it is backed by leading foundations, family offices, and university endowments [5].
Inspirato Reaffirms Independent Strategy, Highlights Recent Achievements and Its Focus on Long-Term Shareholder Value
Globenewswire· 2025-09-29 13:00
Core Viewpoint - Inspirato Incorporated has reaffirmed its independent strategy in light of unsolicited acquisition interest, determining that pursuing such a transaction is not in the best interests of the company and its stakeholders [1][2] Group 1: Company Strategy and Vision - The company has executed a focused transformation over the past 14 months, emphasizing a commitment to maximizing long-term shareholder value [2] - Inspirato is stronger than ever, with a resilient business model and a clear vision for the future, while remaining open to strategic opportunities that align with its mission [2][3] - The company is positioned for a strong future characterized by enhanced member offerings, profitable growth, and a commitment to transparency and long-term value creation [3] Group 2: Financial Performance and Initiatives - Inspirato has achieved trailing 12-month EBITDA profitability as of Q2 2025, indicating improved financial health [7] - The company has reduced overhead by tens of millions, creating a leaner and more agile business [7] - Inspirato has relaunched the Inspirato Pass, expanding access and delivering more value to its members [7]