Petco Health and Wellness Company, Inc. Announces Board Appointments
January 19, 2021 at 04:06 pm
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On January 19, 2021, Petco Health and Wellness Company, Inc. closed its initial public offering of 55,200,000 shares of the Company’s Class A common stock, $0.001 par value per share (the “Class A Common Stock”), at an offering price of $18.00 per share. On January 19, 2021, in connection with the closing of the IPO, Mary Sullivan joined the Board of Directors of the Company (the “Board”). Messrs. Ronald Coughlin, Jr., Maximilian Biagosch, Cameron Breitner, Gary Briggs, Nishad Chande and Christopher J. Stadler and Mss. Christy Lake, Jennifer Pereira and Sabrina Simmons are already serving as directors of the Company. In addition, Mr. Coughlin was appointed as Chairman of the Board. Mr. Briggs, Ms. Lake and Ms. Simmons qualify as “independent directors” for purposes of serving on the Board and its committees under the applicable rules. The Board assigned Ronald Coughlin, Jr., Maximilian Biagosch, Cameron Breitner, and Sabrina Simmons as class I directors; Christy Lake, Jennifer Pereira, and Christopher J. Stadler as class II directors; and Gary Briggs, Nishad Chande, and Mary Sullivan as class III directors. In addition, the directors have been appointed to the Audit, Compensation and Nominating and Corporate Governance Committees of the Board as follows: Maximilian Biagosch was appointed as Chair of Audit Committee and member of Compensation Committee; Cameron Breitner was appointed as Chair of Compensation Committee and member of Nominating and Corporate Governance Committee; Gary Briggs was appointed as Chair of Nominating and Corporate Governance Committee; Nishad Chande was appointed as member of Audit Committee; Christy Lake was appointed as member of Compensation Committee; Sabrina Simmons was appointed as member of Audit Committee; and Mary Sullivan was appointed as member of Nominating and Corporate Governance Committee.
Petco Health and Wellness Company, Inc. is a pet health and wellness company. The Company is focused on improving the lives of pets, pet parents, and its own Petco partners. It provides holistic pet health and wellness offerings, including premium products, services, and veterinary care. It integrates its product offering with its services business, building on the foundation of treating the whole pet, including their physical, mental and social well-being. Its service offering includes a suite of pet health services, including veterinary care, grooming, and training. It operates over 1,500 pet care centers across the United States, Mexico and Puerto Rico, which offer merchandise, companion animals, grooming, training and a growing network of on-site veterinary hospitals and mobile veterinary clinics. It offers a complete pet health and wellness ecosystem accessible through its pet care centers and digitally at petco.com and on the Petco app.