Big Lots made three internal promotions and realigned its leadership team.
Timothy Johnson (right), who has been with the company for 15 years, moved from exec-VP and CFO to exec-VP, chief administrative officer and CFO. His primary responsibilities will be accounting and finance functions; asset protection of stores, offices and distribution centers; and the real estate team. He will also manage Big Lots' distribution centers and global logistics operations.
"TJ has a great team in finance which from day one has allowed me to lean on him for more than just the numbers," said Big Lots President and CEO, David Campisi. "He's a CFO who understands retail and all aspects of our business and has helped me to provide leadership and strategic direction. This deep retail and Big Lots specific knowledge allows him to effectively communicate and earn respect and credibility from analysts and investors who follow our company."
Next, Lisa Bachmann was promoted from exec-VP and COO to exec-VP, chief merchandising and operating officer. The 13-year Big Lots veteran will now be responsible for merchandising; planning and allocation; the global sourcing teams; IT strategy and team; and the development of an e-commerce strategy.
"Lisa has been invaluable to me over the last two years as we have transformed our company," Campisi said. "She has provided leadership to the business as we have 'edited to amplify' our merchandise offering, executed major systems conversions in our stores and distribution centers, and implemented new processes, disciplines, and training initiatives throughout our 1,460 stores."
As Bachmann takes over merchandising leadership, Richard Chene, former exec-VP and chief merchandising officer, left the company, effective Aug. 27.
Finally, a 22-year veteran of Big Lots and former senior VP of human resources, Michael Schlonsky, was promoted to exec-VP human resources and store operations. He is responsible for Big Lots associates and associate relations, as well as all aspects of operations in the 1,406 stores nationwide.
"Mike has been a tremendous partner to me as we reshaped our company culture and have significantly changed the management team and structure over the last two years," Campisi said. "He and his team have done a wonderful job of attracting talent to Big Lots, and I would stack our management team up against any team out there in retail." Press Release