– USA, OH – Franchise Group, Inc. (NASDAQ: FRG) today announced the elections of Nanhi Singh and Gary Rich to its Board of Directors, bringing the Board to seven directors, of whom six are independent.
Ms. Singh will join the Audit Committee while Mr. Rich will join the Compensation Committee.
“We are very pleased to enhance the breadth of experience that Nanhi and Gary will add to our Board of Directors,” said Matthew Avril, the Company’s Board Chairman. “Our Board regularly evaluates its composition to ensure it includes the diverse skills, experience and perspectives necessary to drive growth and oversee the business. The addition of Nanhi and Gary reflect that commitment as we continue to grow our business and enhance value for our shareholders.”
About Nanhi Singh
Ms. Singh is currently the Chief Customer Officer at Imperva, Inc., a cyber security technology company based in San Mateo, California. Ms. Singh has been with Imperva since January 2020 and is on the executive management team with direct responsibilities for all post-sales customer-facing functions, including technical support, managed services, consulting and professional services, customer success management, and renewal sales. Ms. Singh has over 30 years of experience in software and technology companies, where she has held various leadership positions, including at Symantec Corporation and Blue Coat Systems. Ms. Singh’s extensive career in technology provides substantial additional expertise to the Board.
Ms. Singh received her Bachelor’s degree in Business at Delhi University.
About Gary S. Rich
Mr. Rich is the founder of Rich Leadership, a leadership advisory firm since 2007, where he provides counsel to CEOs and their Boards on issues of leadership development and organizational performance management. Mr. Rich is also a director of Stingray Group, Mercon Coffee Group (International Coffee Producers and Traders), and Menai Financial Group. Mr. Rich has served in many executive roles over his career including President of QSP, a division of The Readers Digest Association, CHRO at The Readers Digest Association and ACNielsen, as well as various executive positions at American Express. Mr. Rich’s management background provides substantial additional expertise to the Board.
Mr. Rich holds a master’s degree in Organizational Psychology from Columbia University.
About Franchise Group, Inc.
Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group’s business lines include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Badcock Home Furniture & more, Buddy’s Home Furnishings, and Sylvan Learning. On a combined basis, Franchise Group currently operates over 3,000 locations predominantly located in the U.S. that are either Company-run or operated under franchising and dealer agreements.
For more information: https://franchisegrp.com/
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