PETCO STRENGTHENS LEADERSHIP TEAM WITH APPOINTMENT OF THREE PROVEN EXECUTIVES

Core Viewpoint - Petco is undergoing a significant leadership transition aimed at strengthening its retail fundamentals, driving profit improvement, and returning to growth, with new appointments expected to unlock value for customers, partners, and shareholders [1][7]. Leadership Changes - Sabrina Simmons has been appointed as Chief Financial Officer, effective February 17, bringing over 20 years of executive-level financial experience, previously serving as CFO at Gap, Inc. [3][4][7]. - Michael Romanko has been named Chief Customer and Product Officer, effective February 24, with a strong background in product development and branding, previously holding a decade-long role at Five Below, Inc. [5][7]. - Jack Stout has been appointed Chief Merchandising Officer, effective February 24, with over 20 years of experience in merchandising and planning, previously serving as Executive Vice President at 7-Eleven, Inc. [9][10][7]. Strategic Focus - The new leadership team will work closely with existing executives to execute against the company's 2025 objectives and prepare for a return to growth [1][2]. - Simmons will focus on financial strategy, long-term business planning, and investor relations initiatives, leveraging her familiarity with Petco's business [3][4]. - Romanko aims to elevate the Petco brand by sourcing unique products and enhancing customer experience [6][5]. - Stout is focused on strengthening retail fundamentals and improving merchandising capabilities [10][9]. Company Overview - Petco, founded in 1965, operates over 1,500 pet care centers across the U.S., Mexico, and Puerto Rico, offering a range of products and services aimed at improving the lives of pets and their owners [11].