Petco Health and Wellness Company, Inc. welcomed several new board members, including Sabrina Simmons, former executive vice president and chief financial officer of Gap Inc.; Mike Mohan, president and chief operating officer of Best Buy; and Mary Sullivan, senior managing director and chief talent officer at Canada Pension Plan Investment Board (CPP Investments).
The new directors bring complementary skills that will support Petco's fully integrated, digital-led pet care ecosystem. They also expand the gender and ethnic diversity of its board and will support Petco in furthering its connections with diverse communities, partners and suppliers.
Simmons' more than 15 years of experience in senior finance leadership roles including CFO and Treasury, as well as board audit committee experience, bring valuable financial capability and knowledge to Petco. As CFO at Gap Inc., Simmons was responsible for overseeing the global finance organization, including all corporate financial planning and analysis, corporate shared service centers, treasury, risk management, tax and investor relations. She also led multiple non-finance functions, including global real estate, loss prevention and corporate facilities teams. Simmons currently serves on the boards of directors of Williams-Sonoma Inc., e.l.f. Beauty Inc. and Columbia Sportswear Co. and brings her experience as a CFO and director to Petco's audit committee.
Mohan is an accomplished retail and e-commerce executive, bringing highly relevant experience in transforming a brick-and-mortar retailer to a thriving omnichannel provider of unique merchandise and services. As Best Buy's president and COO, he is responsible for the operations of the company's U.S. and international business and leads services, customer experience, category management, merchandising, marketing and supply chain. Joining Best Buy in 2004, he served in a variety of leadership roles, including COO of the U.S. business and as the senior executive vice president and chief merchandising and marketing officer. In these roles, he oversaw the launch of thousands of store-within-a-store locations in partnership with leading technology vendors, the expansion of Best Buy's Magnolia and Pacific Kitchen and Home brands, the evolution of the company's private-label brands, and the rise of emerging categories such as 4K UHD TVs, health and fitness devices, and smart home products. He also serves on the board of directors of Bloomin' Brands. Mohan will serve on Petco's audit committee.
Sullivan is a proven leader in human resources and talent management, with extensive experience in industries such as retail and hospitality, as well as institutional investment. As senior managing director and chief talent officer at CPP Investments, she is responsible for talent acquisition, organizational development, compensation and benefits, international mobility, facilities and office services, as well as inclusion and diversity. Sullivan serves as a member of the nominating and corporate governance committee.
"We are thrilled to welcome Sabrina, Mike and Mary to our board and the Petco family," said Ron Coughlin, chairman and CEO of Petco. "They bring best-in-class experience across retail transformation, finance and human capital management that not only complements our existing board members but will also accelerate execution of our unique position as a true end to end omnichannel health and wellness ecosystem for pets. They also further our goal of having one of the most diverse boards in America."
In total, with today's announcement, Petco's board of directors has grown to 11 members including four independent directors.