Exhibit 99.1
Media Contact:
Kirk Saville, BJ’s Wholesale Club
(774)512-7425
ksaville@bjs.com
Investor Contact:
Faten Freiha, BJ’s Wholesale Club
(774)512-6320
ffreiha@bjs.com
BJ’s Wholesale Club Names Christopher J. Baldwin Executive Chairman;
Lee Delaney Named Chief Executive Officer
Thomas A. Kingsbury to Join Company’s Board of Directors
WESTBOROUGH, Mass. (Dec. 19, 2019) –BJ’s Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs in the Eastern United States, today named Christopher J. Baldwin Executive Chairman. The company also named Lee Delaney to succeed Baldwin as Chief Executive Officer.
In addition, Thomas A. Kingsbury, the former CEO of Burlington Stores, Inc., has been appointed to the Board. Delaney, currently president of the company, was also appointed to the company’s board.
The changes are effective Feb. 2, 2020.
In his role as executive chairman, Baldwin, who joined the company and the board in 2015, will serve as a strategic advisor to Delaney and will lead the board of directors.
“Lee’s strategic vision and leadership have been instrumental in the transformation of BJ’s Wholesale Club,” Baldwin said. “We’re on track to deliver our fourth consecutive year of record earnings with strong cash flow and membership at historic levels. Lee’s knowledge of all areas of our business and strong record of driving profitable growth make him the ideal leader for our company. I look forward to working closely with Lee to ensure a smooth transition as we continue our transformation.”
Delaney joined BJ’s in 2016 as Executive Vice President, Chief Growth Officer. Prior to joining BJ’s, Delaney was a partner in the Boston office of Bain & Company, and a leader in the firm’s Consumer Products practice. Delaney holds an MBA from Carnegie Mellon University and a bachelor’s degree in computer science and mathematics from the University of Massachusetts.