Bluestem Group added Lisa Gavales and Alex Smith to its Board of Directors

– USA, MN – Bluestem Group Inc. (OTC:BGRP), today announced that, on April 24, 2017, the Company’s Board of Directors increased the fixed size of the Board from 9 to 11 and filled the newly created vacancies with Lisa Gavales and Alexander Smith.

About Lisa Gavales

Ms. Gavales, age 54, has served as Chairperson, President and CEO of Things Remembered, Inc., a retailer of personalized gifts in the U.S. and Canada, since November 2014. Prior to joining Things Remembered, Ms. Gavales served as President, Direct and Chief Marketing Officer of Talbots, Inc., a specialty retailer and direct marketer of women’s apparel and accessories, from April 2013 through March 2014. Prior to joining Talbots, Ms. Gavales served as Executive Vice President and Chief Marketing Officer of Express LLC from January 2008 through March 2013, where she led the launch of Prior to Express, Ms. Gavales’ career included 14 years of increased leadership responsibilities at Bloomingdale’s, including launching and finally serving as Senior Vice President of Marketing. Ms. Gavales began her career at Macy’s then spent several years as a management consultant for Price Waterhouse’s Management Horizon division. Ms. Gavales previously served on the boards of and RAMA for the National Retail Federation as well as Charles & Colvard. She holds her Bachelor’s degree and an MBA from the University of Bridgeport.

About Alexander Smith

Mr. Smith, age 64, most recently served as the President and CEO of Pier 1 Imports, Inc., a specialty retailer offering a wide variety of decorative accessories, furniture, candles, housewares, gifts and seasonal products, from February 2007 through December 2016. Prior to joining Pier 1 Imports, Mr. Smith served as Group President of the TJX Companies, Inc., where he oversaw the operations and development of Home Goods, Marshalls, TJ Maxx, plus a number of corporate functions. He was instrumental in the development of the TK Maxx stores in Great Britain and ran its international operations. Mr. Smith currently serves on the board of directors of Vitamin Shoppe, Inc., and he previously served on the boards of directors of Papa John’s International, Inc., Pier 1 Imports, Inc. and Tumi Holdings, Inc. Mr. Smith received his Bachelor’s degree from the University of East Anglia.

“On behalf of the entire Board, I am very excited to welcome Lisa and Alex to Bluestem Group. Each has significant retail experience and expertise that will allow them to immediately make strong contributions to our Company’s efforts. We are both very fortunate and very excited to have them as part of the team”, said Eugene Davis, Executive Chairman of the Board.

About Bluestem Group Inc.

Bluestem Group Inc. is a holding company whose businesses include Bluestem Brands, a national, multibrand, online retailer of a broad selection of name-brand and private label general merchandise serving the boomer and senior demographic, generally considered age 50 and over, and low- to middle-income consumers over all age demographics through 15 retail brands that include: Appleseed’s, Bedford Fair, Blair, Draper’s & Damon’s, Fingerhut, Gettington, Gold Violin, Haband, LinenSource, Norm Thompson, Old Pueblo Traders, PayCheck Direct, Sahalie, Tog Shop and Wintersilks. Complementing each brand is a large selection of merchandise with payment options that provide customers with the flexibility of paying over time. Bluestem Group is headquartered in Eden Prairie, MN.

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