BJ's Wholesale Club, Inc. Appoints Christopher J. Baldwin to the Position of President and Chief Executive Officer
CEO Laura Sen to Assume Role of Non-Executive Chairman
WESTBOROUGH, Mass., Dec. 11, 2015 -- BJ's Wholesale Club, Inc. (BJ's) announced today that Christopher J. Baldwin, BJ's President and Chief Operating Officer, has been named President and Chief Executive Officer, succeeding Laura J. Sen, who is assuming the role of Non-Executive Chairman. The appointment is effective February 1, 2016.
Mr. Baldwin will assume responsibility for the ongoing operations of BJ's, while Ms. Sen will join BJ's other Board Members in setting the long term strategic direction of the Company. Mr. Baldwin will report to the Company's Board of Directors and both he and Ms. Sen will remain members of the BJ's Board.
"I am grateful to have spent over 25 years with this great company, and feel privileged to have led it for the last seven," said Ms. Sen. "I am proud of what our team has accomplished together during these many years. I believe BJ's is operationally strong and well positioned for continued success. In a very short period Chris has demonstrated the necessary vision and leadership to take BJ's to the next level. Together we have laid out a strategy for the Company that will serve us for many years to come, and I believe now is the right time for Chris to assume his place as leader of BJ's," Ms. Sen concluded.
Baldwin joined BJ's in September as President and Chief Operating Officer. He brought more than 30 years of experience as an executive in the retail and consumer products industries. Before joining BJ's, he was CEO of Hess Retail Corporation, prior to its successful sale to Marathon Petroleum Corporation. Before joining Hess, Baldwin served in a variety of executive level roles at Kraft Foods (Nabisco), The Hershey Company, and Procter and Gamble.
"I am humbled and excited by this opportunity to lead BJ's," said Baldwin. "This is both a challenging time for retail and one full of opportunity. Our guide over the next several years will be a vision that is steadfastly focused on offering a distinctive shopping experience and deep value proposition to BJ's millions of loyal members. With the support of BJ's team members, I look forward to leading our company to even higher levels of achievement," Baldwin concluded.
Cameron Breitner, Partner of CVC Capital Partners, said, "We are extremely grateful for Laura's leadership over the past several years and her many contributions to BJ's success. Chris is an inspired leader and his broad experiences qualify him to step in to this role. He is well-respected within BJ's and across the industry, and his personal style fits well with the company's core values."
Jonathan Seiffer, Senior Partner at Leonard Green & Partners, said, "Thanks to Laura's leadership and vision, BJ's has been a highly successful investment since our take-private transaction in 2011. Our firm has a deep history of investing in outstanding retail businesses, and we are confident that Chris will build on the strong foundation that will be Laura's legacy.'
About BJ's Wholesale Club, Inc.
Headquartered in Westborough, Massachusetts, BJ's is a leading operator of membership warehouse clubs in the Eastern United States. The company currently operates 211 clubs and 126 gas stations in 15 states.
BJ's provides a one-stop shopping destination filled with more top-quality, leading brands including its exclusive Wellsley Farms and Berkley Jensen brands, which are all backed by BJ's 100% money-back guarantee; more fresh foods from USDA Choice meats to premium produce to delicious organics in many supermarket sizes; and more great value and amazing savings every day. BJ's is also the only membership club to accept all manufacturers' coupons and for greater convenience offers the most payment options.
BJ's is wholly owned by affiliates of Leonard Green & Partners, CVC Capital Partners and its management team.
SOURCE BJ's Wholesale Club, Inc.