Appointment of Andre Fernandez, Hal Lawton
and Harmit Singh Brings Diverse Experience and New Perspectives to
Board
Buffalo Wild Wings, Inc. (NASDAQ:BWLD) today announced the
appointment of three new independent directors to the Company’s
Board of Directors. Andre Fernandez, president of CBS RADIO, Hal
Lawton, senior vice president of North America at eBay, Inc., and
Harmit Singh, executive vice president and chief financial officer
of Levi Strauss & Co., will join the Company’s Board, effective
immediately.
“We are delighted to add Andre, Hal and Harmit to our Board of
Directors. They are all highly respected leaders with key
expertise, strong values and significant financial acumen,” said
Sally Smith, president and chief executive officer. “Their
appointments underscore our commitment to proactive Board
refreshment, strong corporate governance and independence and
diversity across our Board. We look forward to working with Andre,
Harmit and Hal and are confident that their insight will benefit
Buffalo Wild Wings as we continue to drive value for our
shareholders.”
Mr. Fernandez, Mr. Lawton and Mr. Singh are expected to stand
for reelection at the Company’s 2017 Annual Meeting of
Shareholders. With these appointments, Buffalo Wild Wings has
expanded its Board from eight to nine members, eight of whom are
independent and five of whom have been added in the past six years.
In connection with the Board refreshment process, current directors
Dale Applequist and Warren Mack have each decided to advance their
planned retirements from the Board, respectively, such that they
are effective immediately.
“On behalf of the Buffalo Wild Wings Board, I’d like
to thank Dale and Warren for their many years
of service and dedication to the Company. Their decision to
retire early upon our identification of three new, highly-qualified
directors demonstrates their commitment to enhancing Buffalo Wild
Wing’s governance through refreshment. Dale and Warren have been
instrumental in creating the strong brand that Buffalo Wild Wings
is today, and the Company is better for their
service,” said James Damian, Chairman of the Board
of Buffalo Wild Wings.
About Andre Fernandez
Andre Fernandez, age 48, is the president of CBS RADIO. In this
role, Mr. Fernandez is responsible for the overall direction and
management of the company, which includes 117 over-the-air radio
stations in 26 major markets. Prior to joining CBS RADIO in April
2015, Mr. Fernandez served as the president and chief operating
officer of Journal Communications, Inc. Previously, Mr. Fernandez
served in a number of leadership roles of increasing responsibility
at the General Electric Company, including chief financial officer
of Telemundo Communications, a Spanish language broadcast
television network; chief financial officer and controller of GE
Latin America; and chief financial officer of GE Digital Energy.
Additionally, Mr. Fernandez has been named to Billboard’s “Power
100 list” which recognizes the most influential executives in the
music industry, and in July 2016, he was ranked the second most
powerful person in radio on Radio Ink’s “40 Most Powerful People in
Radio” list, up from number five in 2015. Mr. Fernandez currently
serves as Vice Chairman of the Board at Froedtert Health and he is
on the board of the National Association of Broadcasters. Mr.
Fernandez graduated cum laude from Harvard University with a degree
in economics.
About Hal Lawton
Hal Lawton, age 42, is the senior vice president of North
America at eBay, Inc. At eBay, Mr. Lawton’s responsibilities
include all functions for the Americas business unit, including
merchandising, marketing, operations, business selling, consumer
selling, global shipping, global payments and global customer
experience. Before joining eBay in 2015, Mr. Lawton held a number
of leadership positions at Home Depot, Inc., including senior vice
president of merchandising of hardlines and senior vice president
and president of the Company’s online business. Mr. Lawton earned a
Bachelor of Science in Chemical Engineering and Pulp and Paper
Science from North Carolina State University before pursuing a
Master of Business Administration from the Darden Graduate School
of Business at the University of Virginia.
About Harmit Singh
Harmit Singh, age 53, is the executive vice president and chief
financial officer of Levi Strauss & Co. In this role, he is
responsible for managing the company’s finance, information
technology, strategic sourcing and global business services
functions globally. Prior to joining Levi Strauss & Co. in
January 2013, Mr. Singh served as chief financial officer of Hyatt
Hotels Corporation. Before Hyatt Hotels Corporation, Mr. Singh held
various global leadership roles at Yum! Brand foods, including
chief financial officer of Pizza Hut. Mr. Singh holds a Bachelor of
Commerce from Shri Ram College of Commerce, Delhi University, and
is a Chartered Accountant from India. He is also a member of the
CNBC Global CFO Council and Wall Street Journal CFO Network.
About the Company
Buffalo Wild Wings, Inc., founded in 1982 and headquartered in
Minneapolis, is a growing owner, operator and franchisor of Buffalo
Wild Wings® restaurants featuring a variety of boldly-flavored,
made-to-order menu items including its namesake Buffalo, New
York-style chicken wings. The Buffalo Wild Wings menu specializes
in 21 mouth-watering signature sauces and seasonings with flavor
sensations ranging from Sweet BBQ™ to Blazin'®. Guests enjoy a
welcoming neighborhood atmosphere that includes an extensive
multi-media system for watching their favorite sporting events.
Buffalo Wild Wings is the recipient of hundreds of "Best Wings" and
"Best Sports Bar" awards from across the country. There are
currently more than 1,190 Buffalo Wild Wings locations around the
world.
To stay up-to-date on all the latest events and offers for
sports fans and wing lovers, like Buffalo Wild Wings on Facebook,
follow @BWWings on Twitter and visit www.BuffaloWildWings.com.
Forward-looking Statements
Statements in this press release constitute forward-looking
statements for purposes of the Safe Harbor provisions under the
Private Securities Litigation Reform Act of 1995. These statements
relate to terms of service and future nominees for election to
serve as directors of the Company. All statements other than
statements of historical fact are statements that could be deemed
forward-looking statements and are based upon the current beliefs
and expectations of our management. We have attempted to identify
forward-looking statements by words such as, "intends," "may," and
other comparable terminology. Actual results may vary materially
from those contained in forward-looking statements based on a
number of factors, including, but not limited to, the factors
disclosed from time to time in our filings with the U.S. Securities
and Exchange Commission, including the factors described under
"Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K
for the fiscal year ended December 27, 2015, as updated in
subsequent reports filed with the SEC. Investors should take such
risks into account when making investment decisions. Shareholders
and other readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
on which they are made. We undertake no obligation to update any
forward-looking statements.
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Buffalo Wild Wings, Inc.Investor Relations
Contact:Heather Pribyl, 952-540-2095
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