PetSmart Names New CEO, Management Team

David Lenhardt has been named the next president and CEO of PetSmart as part of a larger restructuring of its management team and organizational structure in conjunction with the retirement of Joseph O'Leary, president and chief operating officer.

PetSmart has no plans to replace the COO position and will realign the position's responsibilities among four newly created executive vice president  positions, all of which will report to Lenhardt. The following leaders will be installed in the newly created EVP roles:

Carrie Teffner, who is currently senior vice president of finance and chief financial officer, will serve as executive vice president and CFO, with responsibilities for overseeing fiance and IS.

Matt McAdam, who is currently senior vice president of merchandising, will serve as executive vice president of merchandising and real estate.

Bruce Thorn, who is currently senior vice president of store operations and services, will serve as executive vice president of store operations, services and supply chain.

PetSmart is conducting an external search to fill the fourth EVP position—EVP of customer experience, strategic planning and corporate development—which will focus 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.

In addition, PetSmart is conducting a search for a new chief information officer to replace Don Beaver, who will also retire.

"Joe's retirement has provided the opportunity to take a fresh look at our organizational structure and establish a senior leadership team that will best position PetSmart for future growth," Lenhardt said. "We have strong and capable leaders, and with the addition of the new EVP positions, I'm confident we are in a position to deliver on our strategies and initiatives to drive future growth and deliver shareholder value."

The changes become effective April 4.