Ollie's Bargain Outlet Announces the Appointment of Eric van der Valk to President & Chief Executive Officer, Completing Leadership Succession Plan

Group 1 - Ollie's Bargain Outlet Holdings, Inc. appointed Eric van der Valk as President & CEO effective February 2, 2025, and he has joined the Board of Directors, increasing the total number of directors to ten [1] - John Swygert has been appointed as Executive Chairman of the Board, completing the Company's Leadership Succession Plan announced in June 2024 [1] - Eric van der Valk expressed gratitude for the opportunity to lead the company and emphasized the commitment to delivering value to customers [2] Group 2 - John Swygert reflected on his 20-plus years with Ollie's, highlighting the company's dedication to its business model of selling Real Brands and Real Bargains [2] - Rich Zannino, the lead independent director, stated that Eric van der Valk's experience in closeout, deep discount, merchandising, and operations makes him the ideal candidate for the CEO role [2] - The company operates 562 stores across 31 states, focusing on providing extreme value on brand name products in various departments [3]