JOAN JOANN INC

JOANN Announces Retail Finance Veteran Scott Sekella as CFO

JOANN Announces Retail Finance Veteran Scott Sekella as CFO

Under Armour Executive Joins Fabric, Arts & Crafts Leader as Chief Financial Officer

HUDSON, Ohio, Sept. 01, 2022 (GLOBE NEWSWIRE) -- JOANN [NASDAQ: JOAN], the nation’s category leader in fabrics and sewing and one of the fastest-growing players in the arts and crafts space, has named Scott Sekella as Senior Vice President, Chief Financial Officer, effective September 26, 2022.

Sekella brings more than twenty years of experience in Finance for a number of national brands, most recently serving as Vice President, Corporate FP&A at Under Armour, which he joined in 2016 as Senior Director, FP&A. Prior to Under Armour, Sekella held roles of increasing responsibility at Crocs, Inc., where he ultimately served as VP and Global Controller. Previously, he held roles overseeing several aspects of Finance at Henkel of America, Pfizer and Ford Motor Company. He graduated Summa cum Laude from The Ohio State University Fisher College of Business and earned his Master of Business Administration from the University of Michigan.

“We are excited to welcome Scott to JOANN as we head into our most important time of year,” said Wade Miquelon, President & CEO of JOANN. “His financial and retail expertise will be an invaluable addition to the team and we are confident he will help lead our business success on behalf of our Team Members, Customers and Shareholders.”

Sekella will oversee all of aspects of JOANN’s Finance and Accounting functions, as well as Indirect Procurement. He will report directly to President & CEO Wade Miquelon, and will be based at JOANN’s Hudson, Ohio headquarters.

ABOUT JOANN

For more than 75 years, JOANN has inspired creativity in the hearts, hands, and minds of its customers. From a single storefront in Cleveland, Ohio, the nation’s category leader in sewing and fabrics and one of the fastest-growing competitors in the arts and crafts industry has grown to include 843 stores across 49 states and robust e-commerce business. With the goal of helping every customer find their creative Happy Place, JOANN serves as a convenient single source for all of the supplies, guidance, and inspiration needed to achieve any project or passion.



Investor Relations:
Ajay Jain
  
330-463-8585

Corporate Communications:
Amanda Hayes
  
216-296-5887
EN
01/09/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on JOANN INC

 PRESS RELEASE

JOANN Receives Court Approval for Prepackaged Financial Recapitalizati...

JOANN Receives Court Approval for Prepackaged Financial Recapitalization Plan Expects to Emerge from Court-Supervised Process in the Coming Days with the Lowest Level of Debt in More than a Decade HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company’s Prepackaged Joint Plan of Reorganization. JOANN expects to successfully complete its financial restruc...

 PRESS RELEASE

JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in...

JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in New Capital and Related Financial Accommodations with Strong Support of Key Financial and Industry Stakeholders Stores and JOANN.com Remain Open; Company Continues to Operate as Usual Vendors, Landlords and Other General Unsecured Creditors Are Unimpaired Company Expects to Reduce Approximately $505 Million in Funded Debt Implementing Prepackaged Financial Recapitalization Plan on Expedited Basis HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), the natio...

 PRESS RELEASE

JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in...

JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in New Capital and Related Financial Accommodations with Strong Support of Key Financial and Industry Stakeholders Stores and JOANN.com Remain Open; Company Continues to Operate as Usual Vendors, Landlords and Other General Unsecured Creditors Are Unimpaired Company Expects to Reduce Approximately $505 Million in Funded Debt Implementing Prepackaged Financial Recapitalization Plan on Expedited Basis HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), the natio...

 PRESS RELEASE

JOANN Announces Partnership with Nonprofit Loose Ends Project, Matchin...

JOANN Announces Partnership with Nonprofit Loose Ends Project, Matching Volunteers with Crafts Loved Ones Have Left Unfinished HUDSON, Ohio, Jan. 16, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, is proud to announce a new partnership with non-profit organization Loose Ends Project (“Loose Ends”). Loose Ends aims to ease grief, create community, and inspire generosity by matching volunteer handwork finishers with projects people have left unfinished due to death or disabil...

 PRESS RELEASE

JOANN Announces Third Quarter Fiscal 2024 Results And Increases Top-Li...

JOANN Announces Third Quarter Fiscal 2024 Results And Increases Top-Line Full Year Outlook Net sales totaled $539.8 million; eCommerce sales up 11.5% to last yearGross profit of $282.1 million increased 0.4% compared to the third quarter of last year52.3% gross margin, a 240-basis point year-over-year improvementLine of sight to now deliver $225 million in targeted annual cost reductions under Focus, Simplify and Grow initiative HUDSON, Ohio, Dec. 04, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in fabric and sewing with one of the largest...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch