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PetSmart Reorganizes Management Team

Posted: Jan. 14, 2014, 5:40 p.m. EST

PetSmart, whose 1,314 stores in the United States, Canada and Puerto Rico make it one of the world’s largest pet store chains, will shake up its management team upon the retirement of President Joseph O’Leary, the company announced today.

O’Leary also serves as chief operating officer, a position that will be left unfilled and whose responsibilities will be split among four executive vice presidents.

The changes are effective April 4.

PetSmart CEO David Lenhardt will add the title of president.

"On behalf of everyone at PetSmart, I want to thank Joe for his leadership and dedication to the company, our associates and our customers,” Lenhardt said. "Joe has been an integral part of PetSmart’s success for many years, and we wish him all the best moving forward.”

O’Leary’s retirement is an opportunity for the Phoenix-based company to reorganize its executive ranks, Lenhardt said.

"We have strong and capable leaders, and with the addition of the new [executive vice president] positions, I’m confident we are in a position to deliver on our strategies and initiatives to drive future growth and deliver shareholder value,” Lenhardt said.

Among the four executive vice president positions is one covering customer experience, strategic planning and corporate development. The job was described as one that focuses on "developing strategies for creating an unmatched customer experience, both in stores and online, and on developing organic and adjacent growth strategies across all platforms.”

A search is under way for the person who will fill the position.

The other executives are:

• Carrie Teffner, PetSmart’s CFO and senior vice president of finance, who will retain the CFO title and become executive vice president of finance and information services.

• Matt McAdam, the senior vice president of merchandising, who will become executive vice president of merchandising and real estate.

• Bruce Thorn, the senior vice president of store operations and services, whose new title will be executive vice president of store operations, services and supply chain.

Also retiring is chief information officer Don Beaver, whose replacement has not been chosen.

In the last reporting period, PetSmart registered third-quarter sales of $1.7 billion. Sales in stores open at least a year rose by 2.7 percent.

PetSmart stores sell live fish along with the supplies needed for their care.


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