PHOENIX--(BUSINESS WIRE)--PetSmart, Inc. (“PetSmart” or the “Company”) today announced that Michael J. Massey has decided to step down from his position as Chief Executive Officer, President and Board Member. The Board of Directors has accepted his resignation and Raymond Svider will serve as Executive Chairman to oversee the Company’s operations with the senior leadership team. The Board has initiated a search for Mr. Massey’s replacement.
Mr. Massey joined PetSmart as CEO when it went private in 2015 and has led the Company through a critical phase of strategic transformation creating strong growth and profitability.
“On behalf of the Board, we thank Michael for leading PetSmart through a period of transformation and growth, uniquely positioning the Company to lead in the growing pet industry and outperform in the specialty retail category,” said Raymond Svider, a Managing Partner at BC Partners. “Michael was instrumental in creating an efficient, customer-focused retail organization and developing the Company’s growth strategy. This includes the recent acquisition of Chewy, making PetSmart the leading brick and mortar and online retailer in the industry. We respect Michael’s decision and are grateful for his many achievements while CEO of PetSmart.”
Mr. Massey said, “It has been an honor to work in partnership with BC Partners and the incredibly talented PetSmart team. I am pleased that, in such a short time, we have achieved the operating goals we set out at the acquisition of PetSmart to create a highly profitable and fast growing retailer that leads both in brick and mortar and online, which is unique in retail. With the structural changes achieved, I believe PetSmart is well positioned for the future and will continue to be the trusted partner to pet parents and pets.”
About PetSmart
PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so they, together, can live more fulfilled lives. This vision impacts everything we do for our customers, the way we support our associates and how we give back to our communities. We employ approximately 55,000 associates, operate more than 1,500 pet stores in the United States, Canada and Puerto Rico, as well as more than 200 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and products, as well as pet-focused services such as dog training, pet grooming, pet boarding, PetSmart® Doggie Day Camp® and pet adoption. PetSmart, together with non-profits PetSmart Charities® and PetSmart Charities™ of Canada, invite more than 3,000 animal welfare organizations to bring adoptable pets into stores so they have the best chance possible of finding a forever home. Through this in-store adoption program and other signature events, PetSmart has facilitated more than 7.4 million adoptions – more than any other brick-and-mortar organization. The company’s portfolio of digital resources for pet parents includes PetSmart.com, OnlyNaturalPet.com, petMD.com, Pawculture.com, AllPaws, an online pet adoption platform that helps potential pet parents find the perfect pet to adopt based on their home, family and lifestyle, as well as BlogPaws, the world’s first pet blogger and influencer network. Through these digital platforms, PetSmart offers the most comprehensive online pet supplies and pet care information in the U.S. In celebration of its 30th anniversary, PetSmart launched its Buy a Bag, Give a Meal™ program in March 2017. For every bag of cat or dog food purchased March 1 – Dec. 31, 2017, PetSmart will donate a meal to pets in need and expects to donate more than 60 million meals in 2017. In May 2017, PetSmart acquired Chewy.com, a leading online retailer of pet food and products in the U.S., which operates as an independent subsidiary.
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