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Cabela’s Inc. Announces Appointment Of Donna M. Milrod To Board Of Directors

Cabela’s Incorporated (NYSE:CAB) announced today that Donna M. Milrod has been appointed to its Board of Directors.

“Donna is a proven leader and brings a wealth of regulatory, finance, and capital markets experience,” said Tommy Millner, Cabela’s Chief Executive Officer. “The Board and Cabela’s will greatly benefit from Donna’s insights and knowledge.”

Ms. Milrod has been the Chief Administrative Officer of The Depository Trust & Clearing Corporation (DTCC) since October 2012, with responsibilities for DTCC’s finance, operations, regulatory relations, business continuity, vendor management, and security functions. As the leading post-trade market infrastructure for the global capital markets, DTCC provides clearing, settlement, and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives for thousands of institutions worldwide. Prior to joining DTCC, Ms. Milrod served as Deputy CEO of Deutsche Bank North America (DBA) from 2009 to October 2012. In addition, Ms. Milrod was head of Deutsche Bank’s Regional Oversight & Strategy Group where she established DBA’s Independent Control Office to enhance the company’s control and governance infrastructure and oversee the day-to-day relationships with its numerous regulators. Ms. Milrod joined Deutsche Bank in September 1999 and held a number of other senior positions at the company, including Assistant Treasurer of the Americas.

In addition to joining Cabela’s Board, Ms. Milrod has been appointed to the Board of Directors of World’s Foremost Bank, Cabela’s wholly-owned bank subsidiary.

“I am very excited to serve on the Board of Cabela’s,” said Milrod. “Cabela’s is a leader in outdoor retailing and exemplifies a company that places the utmost priority in high-quality customer service. I look forward to contributing my knowledge and experience, especially in management of financial services companies, to the Company and assisting with the continued growth of World’s Foremost Bank.”

About Cabela's Incorporated

Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world's largest direct marketer, of hunting, fishing, camping and related outdoor merchandise. Since the Company's founding in 1961, Cabela's® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World's Foremost Outfitter®. Through Cabela's growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela's also issues the Cabela's CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela's stock is traded on the New York Stock Exchange under the symbol "CAB".

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