Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a sporting goods retailer, today
announced that Scott J. Bowman has joined the Company as Senior Vice
President and Chief Financial Officer, effective July 9. Mr. Bowman will
replace Gary Smith, whose retirement from the Company is effective July
8, 2012.
Mr. Bowman, a Certified Public Accountant, was most recently Division
Chief Financial Officer – Northern Division for The Home Depot, a
position he has held since 2006. He has also served as Senior Director,
Finance – IT with The Home Depot from 2003 to 2006. Prior to that time,
Mr. Bowman held senior financial positions with Rubbermaid Home
Products, including as Vice President/Controller from 2001 to 2003 and
as Operations Controller from 1999 to 2001. He began his financial
career in 1989 with The Sherwin-Williams Company.
Jeff Rosenthal, President and Chief Executive Officer, stated, “As
financial leader for a 795-store division representing $25 billion in
annual sales, Scott certainly has the qualifications and wealth of
retail experience that will complement the talented management team we
have in place. Given our continued investment in and emphasis on
information systems, Scott’s IT background was particularly attractive
along with his demonstrated ability to drive cost savings.”
Hibbett Sports, Inc. operates sporting goods stores in small to
mid-sized markets, predominately in the Southeast, Southwest,
Mid-Atlantic and the lower Midwest regions of the United States. The
Company’s primary store format is Hibbett Sports, a 5,000-square-foot
store located in strip centers and enclosed malls.
A WARNING ABOUT FORWARD LOOKING STATEMENTS: Certain matters
discussed in this press release are “forward looking statements” as that
term is used in the Private Securities Litigation Reform Act of 1995.
Forward looking statements address future events, developments or
results and typically use words such as believe, anticipate, expect,
intend, plan, forecast, guidance, outlook, or estimate. For
example, our forward looking statements include a statement regarding
Mr. Bowman’s complementing our management team. Such a statement
is subject to risks and uncertainties that could cause actual results to
differ materially, including economic conditions, industry trends,
merchandise trends, vendor relationships, customer demand, and
competition. For a discussion of these factors, as well as others
which could affect our business, you should carefully review our Annual
Report and other reports filed from time to time with the Securities and
Exchange Commission, including the “Risk Factors,” “Business” and “MD&A”
sections in our Annual Report on Form 10-K filed on March 26, 2012 and
the “MD&A” section in our Quarterly Report on Form 10-Q filed on June 1,
2012. In light of these risks and uncertainties, the future
events, developments or results described by our forward looking
statements in this document could turn out to be materially and
adversely different from those we discuss or imply. We are not
obligated to release publicly any revisions to any forward looking
statements contained in this press release to reflect events or
circumstances occurring after the date of this report and you should not
expect us to do so.
