SIDNEY, Neb. -- (Business Wire)
Cabela’s Incorporated (NYSE:CAB) announced today that Scott K. Williams
has been appointed President, effective immediately. He will continue to
report to Tommy Millner, the Company’s Chief Executive Officer.
Mr. Williams, previously the Company’s Executive Vice President and
Chief Commercial Officer, will take on additional responsibility for
U.S. retail operations and all operations in Canada.
“Scott has made a tremendous contribution to Cabela’s over the past five
years, and his wealth of commercial and marketing experience has been an
invaluable asset to the Company,” said Mr. Millner. “We continue to take
action to align our organization around Vision 2020, through which we
will focus on serving our core customers and creating value for our
shareholders, and Scott’s appointment as President is an important step
in that process. We look forward to benefitting from Scott’s leadership
and strategic expertise as we execute on our strategy.”
Mr. Williams stated, “Cabela’s is an outstanding company with a strong
brand, a solid financial foundation, and perhaps the most loyal and
engaged customers of any national retailer, and I am honored to be named
President. I look forward to working with our team of tireless and
dedicated outfitters to drive progress towards our goal of being the
world’s best omni-channel retailer, while driving improved performance
in both revenue growth and profitability.”
Mr. Williams has been with Cabela’s since October 2011. Before serving
as Executive Vice President and Chief Commercial Officer, he held the
role of Executive Vice President and Chief Marketing and E-Commerce
Officer. He previously served as President of Fanatics, Inc., a
vertically integrated online retailer of team and league licensed sports
apparel and collectibles, from June 2010 to February 2011. Mr. Williams
was a Corporate Vice President of Walmart Stores, Inc. from 2006 to May
2010, serving as General Manager of Samsclub.com. From 1996 to 2006, he
held a series of key leadership positions at OfficeMax Incorporated,
including Senior Vice President, OfficeMax Direct Business Segment, and
Senior Vice President, Marketing.
About Cabela's Incorporated
Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading
specialty retailer, and the world's largest direct marketer, of hunting,
fishing, camping and related outdoor merchandise. Since the Company's
founding in 1961, Cabela's® has grown to become one of the
most well-known outdoor recreation brands in the world, and has long
been recognized as the World's Foremost Outfitter®. Through
Cabela's growing number of retail stores and its well-established direct
business, it offers a wide and distinctive selection of high-quality
outdoor products at competitive prices while providing superior customer
service. Cabela's also issues the Cabela's CLUB® Visa credit
card, which serves as its primary customer loyalty rewards program.
Cabela's stock is traded on the New York Stock Exchange under the symbol
"CAB".
Caution Concerning Forward-Looking Statements
Statements in this press release that are not historical or current fact
are “forward-looking statements” that are based on the Company’s
beliefs, assumptions, and expectations of future events, taking into
account the information currently available to the Company. Words such
as "expects," "intends," "anticipates," "believes," "estimates,"
"guides," "provides guidance," "provides outlook" and other similar
expressions or future or conditional verbs such as "may," "will,"
"should," "would," "could," and "might" are intended to identify such
forward-looking statements. Forward-looking statements involve risks and
uncertainties that may cause the Company’s actual results, performance,
or financial condition to differ materially from the expectations of
future results, performance, or financial condition that the Company
expresses or implies in any forward-looking statements. These risks and
uncertainties include, but are not limited to: the Company’s exploration
and evaluation of strategic alternatives may not result in the
successful identification or completion of a strategic alternative that
yields additional value for stockholders, and the exploration and
evaluation process may have an adverse impact on the Company’s business;
the state of the economy and the level of discretionary consumer
spending, including changes in consumer preferences, demand for firearms
and ammunition, and demographic trends; adverse changes in the capital
and credit markets or the availability of capital and credit; the
Company’s ability to successfully execute its omni-channel strategy;
increasing competition in the outdoor sporting goods industry and for
credit card products and reward programs; the cost of the Company’s
products, including increases in fuel prices; the availability of the
Company’s products due to political or financial instability in
countries where the goods the Company sells are manufactured; supply and
delivery shortages or interruptions, and other interruptions or
disruptions to the Company’s systems, processes, or controls, caused by
system changes or other factors; increased or adverse government
regulations, including regulations relating to firearms and ammunition;
the Company’s ability to protect its brand, intellectual property, and
reputation; the Company’s ability to prevent cybersecurity breaches and
mitigate cybersecurity risks; the outcome of litigation, administrative,
and/or regulatory matters (including the ongoing Securities and Exchange
Commission investigation, audits by tax authorities, and compliance
examinations by the Federal Deposit Insurance Corporation); the
Company’s ability to manage credit, liquidity, interest rate,
operational, legal, regulatory capital, and compliance risks; the
Company’s ability to increase credit card receivables while managing
credit quality; the Company’s ability to securitize its credit card
receivables at acceptable rates or access the deposits market at
acceptable rates; the impact of legislation, regulation, and supervisory
regulatory actions in the financial services industry; and other risks,
relevant factors, and uncertainties identified in the Company’s filings
with the SEC (including the information set forth in the “Risk Factors”
section of the Company’s Form 10-K for the fiscal year ended December
27, 2014, and Form 10-Q for the quarterly period ended September 26,
2015), which filings are available at the Company’s website at www.cabelas.com
and the SEC’s website at www.sec.gov.
Given the risks and uncertainties surrounding forward-looking
statements, you should not place undue reliance on these statements. The
Company’s forward-looking statements speak only as of the date they are
made. Other than as required by law, the Company undertakes no
obligation to update or revise forward-looking statements, whether as a
result of new information, future events, or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160209006816/en/
Contacts:
Cabela’s Incorporated
Investors:
Andrew Weingardt,
308-255-7428
or
Media:
Nathan Borowski,
308-255-2861
Source: Cabela’s Incorporated
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