This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PetSmart Makes Changes To Management Team And Organizational Structure

PetSmart, Inc. (NASDAQ: PETM), the leader in pet specialty retail, today announced it has made changes to its management team and organizational structure in conjunction with the retirement of Joseph O’Leary, President and Chief Operating Officer. These changes will become effective April 4, 2014.

“On behalf of everyone at PetSmart, I want to thank Joe for his leadership and dedication to the company, our associates and our customers,” said David Lenhardt, Chief Executive Officer. “Joe has been an integral part of PetSmart’s success for many years and we wish him all the best moving forward.”

“I’m proud of all that we have accomplished during my time at PetSmart, and am grateful to have had the opportunity to work with such a talented team of leaders and associates,” said Joe O’Leary. “I continue to believe in PetSmart’s associates, vision and strategy, and it has been both a privilege and a pleasure to serve this great company for the past eight years.”

PetSmart does not intend to replace the COO position and will realign these responsibilities among four newly created Executive Vice President positions, with Lenhardt assuming the title of President and CEO.

“Joe’s retirement has provided the opportunity to take a fresh look at our organizational structure and establish a senior leadership team that will best position PetSmart for future growth,” added Lenhardt. “We have strong and capable leaders, and with the addition of the new EVP positions, I’m confident we are in a position to deliver on our strategies and initiatives to drive future growth and deliver shareholder value.”

As part of the new structure, PetSmart is creating a new position – EVP of Customer Experience, Strategic Planning and Corporate Development – which will focus on developing strategies for creating an unmatched customer experience, both in stores and online, and on developing organic and adjacent growth strategies across all platforms. Marketing, Strategic Planning and Corporate Development will report to this new EVP. An external search will be conducted to fill this new role. In addition, PetSmart will be conducting a search for a new Chief Information Officer to replace Don Beaver, who will also retire.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs