Darrell Webb to hold new posts in Jo-Ann Stores from July 24
05 Jul '06
3 min read
Board of Directors of Jo-Ann Stores Inc announced the appointment of Darrell Webb as Chairman, President and Chief Executive Officer, effective July 24, 2006.
For the past four years, Mr. Webb was President of Fred Meyer, the 128 store super center division of The Kroger Company. After Kroger acquired Fred Meyer in 1999, Mr. Webb served as Group Vice President for Procurement, with the task to unlock purchase synergies across all Kroger divisions.
He then became President of the Quality Food Center division, where he led a successful turnaround, before returning to Fred Meyer in 2002.
"We are very pleased to welcome Mr. Webb as the new leader of the Jo-Ann Stores team," said Alan Rosskamm, the retiring President, CEO and Chairman. "We are confident that with his extensive experience with a successful high SKU, large format retailer, Darrell will build on the Company's repair initiatives and institutionalize the disciplines necessary to drive improved operating margins.
In addition, given his understanding of both branding and value retailing, we believe he is the right leader to reposition Jo-Ann with a more compelling value proposition in both sewing and crafting. I believe strongly that Jo-Ann has a bright future, and the rest of the Board and I look forward to supporting Darrell and the management team as they work towards rebuilding value for our shareholders."
Gregg Searle, lead director of the Company's Board of Directors, stated, "The Board would like to thank Alan for his many years of dedicated service to Jo-Ann. Under his leadership, Jo-Ann grew to the number one market share position in sewing.
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