Winmark announces current President Brett Heffes to the Board of Directors as next CEO

– USA, MN – Winmark Corporation today announced that Brett D. Heffes, President of Winmark, will succeed John L. Morgan as Winmark’s Chief Executive Officer. Mr. Heffes has also been appointed to the Company’s Board of Directors. Mr. Morgan has been named the Company’s Executive Chairman and will continue to serve as Chairman of the Company’s Board of Directors. Additionally, the Company announced that Steven C. Zola, the Company’s President of Winmark Capital, was appointed Vice Chairman of the Company’s Board of Directors.

“I am extremely confident in our senior leadership team and now is the proper time to formally change our management structure,” stated John Morgan. “Brett, Steve and Steve Murphy, our President of Franchising, have been operating as an effective team for many years and today’s announcement solidifies the future management and direction of Winmark. I will continue to provide guidance and support to the Company as Executive Chairman.”

Mr. Heffes remarked, “Over the past 15 years, John’s vision and leadership have transformed Winmark into an amazing company. We have strong operating businesses, a sound strategy and exceptional people. I am honored to assume this leadership position at Winmark and look forward to my new role.”

Winmark Corporation creates, supports and finances business. At December 26, 2015, there were 1,150 franchises in operation under the brands Plato’s Closet®, Once Upon A Child®, Play It Again Sports, Style Encore and Music Go Round. An additional 88 retail franchises have been awarded but are not open. In addition, at December 26, 2015, the Company had a lease portfolio equal to $39.0 million.

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