– USA, MA – BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) today announced the appointment of Bob Eddy to its Board of Directors as President and CEO, effective immediately.
Laura Felice, currently SVP, Controller, has been appointed EVP, CFO, replacing Eddy in this role.
The Company also announced additional appointments to further strengthen its management team and accelerate its growth. These changes are
“Bob’s leadership, strategic vision, and deep knowledge of the business have been pivotal in driving BJ’s Wholesale Club’s transformation and record growth across all key metrics. We delivered industry-leading results this past year and made significant progress on each of our long-term strategic pillars under Lee’s leadership and we’ll continue to honor his legacy. Looking ahead, the Board and I are confident that Bob is the right person to lead the Company and to drive profitable growth and long-term shareholder value.” said Executive Chairman, Christopher Baldwin.
He added: “We remain committed to accelerating our transformation and to delivering outstanding value and service to our members. Our management team is comprised of seasoned executives with deep talent and breadth of experience in the retail and consumer industries. In addition to Bob’s appointment as President and CEO, we continue to strengthen our team with accomplished leaders. This world-class team will continue to build on our existing momentum and fuel the next phase of growth for the Company.”
Bob Eddy commented, “In the last year, we’ve truly transformed our business by every measure, and we continue to accelerate our strategic initiatives. I’m honored and humbled to lead this growing company and a great team. We are a much stronger and better company today than we were at the time of our IPO in 2018. I look forward to continuing to work with Chris, our Board of Directors, and our entire leadership team, including Laura, Paul, and Bill, to build on this momentum and take advantage of the opportunities ahead of us.”
In her new role as EVP, CFO, Felice will have oversight of finance as well as controls, accounting, tax, treasury, risk management, audit, and investor relations.
“Laura is ideally positioned to serve as our CFO and drive the next phase of our strategy,” said Bob Eddy. “She has played an integral role in transforming our balance sheet and in capitalizing on opportunities to invest back into our business. Under her leadership, we’ll continue to invest in growth initiatives to create value for our shareholders.”
Laura Felice commented, “I’m grateful to have partnered closely with Bob for the last five years and am thrilled to assume the role of CFO for BJ’s. Last year, we delivered extraordinary financial performance, and our business structurally changed for the better. We are poised for even more growth in the future and I’m honored to help lead the Company into this next phase of its transformation.”
About Bob Eddy
Bob Eddy joined the Company in 2007 and was named Interim CEO in April 2021 following the passing of Lee Delaney. He assumed the role of EVP, CFO in 2011, and was appointed Chief Administrative Officer in 2018. Before joining BJ’s, Eddy served multinational manufacturing, technology, retail, and consumer products companies as a member of the audit and business advisory practice of PwC in Boston and San Francisco. From 2013 to 2017, Eddy chaired the Financial Executives Council of the National Retail Federation, the world’s largest retail trade association. He is also a member of the Board of Trustees of The Boston Children’s Hospital. Eddy is a graduate of Babson College.
About Laura Felice
Laura Felice joined the Company in 2016 as SVP, Controller, responsible for the integrity of financial records. Before joining BJ’s, she worked at Clarks Americas, Inc., a shoe manufacturer, and retailer, since 2008 in positions of increasing responsibility, including most recently as SVP of Finance, where she led all aspects of commercial finance for the Americas region distribution channels. Additionally, Felice worked at PwC in Boston.
She is a Certified Public Accountant and a member of the Board of Directors of the Massachusetts Society of CPAs. She holds a Master of Accounting and a bachelor’s degree in finance and accounting from Boston College.
About BJ’s Wholesale Club Holdings, Inc.
Headquartered in Westborough, Massachusetts, BJ’s Wholesale Club is a leading operator of membership warehouse clubs in the Eastern United States. The Company currently operates 221 clubs and 151 BJ’s Gas locations in 17 states.
For more information: https://www.bjs.com/
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