CHARLOTTE, N.C.--(BUSINESS WIRE)--Belk, Inc. (“Belk” or the “Company”), a leading department store with nearly 300 stores across the Southeastern United States, today announced its new Board of Directors, led by Chairman Steve Sadove. Bringing a wealth of retail knowledge and diverse operational experience to the Company, the new appointees, in addition to Steve, Joel Bines, Bob Hull, and Jon Zinman, will join Don Hendricks, Belk’s Chief Executive Officer, in reinforcing Belk’s momentum as it focuses on deepening national brand partnerships, creating a more personalized shopping experience, and further increasing customer engagement.
“I am pleased to welcome Steve, Joel, Bob, and Jon to the Belk family,” said Hendricks. “Today’s announcement demonstrates the strength of Belk’s vision and brand. After successfully completing a landmark transaction that positions our business for long-term growth earlier this summer, adding the breadth of retail knowledge and business-acumen of our Board will help enable Belk to reach new heights. I look forward to serving alongside these accomplished professionals.”
Joining Mr. Hendricks on the Board are:
- Mr. Steve Sadove (Chairman): Mr. Sadove served as Chairman and Chief Executive Officer of Saks Incorporated from 2007 to 2013. Prior to joining Saks, Mr. Sadove held senior positions at companies including General Foods (now Kraft Heinz) and Bristol-Myers Squibb Company as President of Clairol. Mr. Sadove serves on the boards of Aramark, Movado, and Park Hotels, and is a founding partner of JW Levin Management Partners, a private equity firm. He is also an advisor to Mastercard and the former Chair of the National Retail Federation.
- Mr. Joel Bines: Mr. Bines is a retail expert with over 30 years of experience, and a bestselling author. He currently serves as Managing Partner of Spruce Advisory, a boutique advisory firm serving ambitious investors and executives. Prior to founding Spruce Advisory, Mr. Bines led the Global Retail Practice at AlixPartners, where he worked with a wide range of retailers, brands, and consumer businesses, including multiple domestic and international department stores. He currently serves on the boards of Dormify, Grocery Holdings, and the Martin Luther King Jr. Memorial Foundation and is a Trustee of TITAS/Dance Unbound.
- Bob Hull: Mr. Hull is the founder and CEO of Integrity Strategic Solutions, an advisory services firm working with private equity and early-stage firms. He currently serves as the Executive Chairman of the Board of Tailored Brands as well as Board Director, Non-Executive Chairman for Party City, and Board Director and Audit Committee Chair for Mattress Firm. Mr. Hull formerly held leadership positions at Shoe Show, Inc. and Food Lion, and spent nearly two decades at Lowe’s Companies, including 14 years as CFO. He has previously served on a number of boards and is an active advisor in the nonprofit sector.
- Jon Zinman: Mr. Zinman is the managing member of JZ Advisors LLC, a firm that invests in and provides strategic advice for businesses and investors across a diverse set of industries. Throughout his more than 17 years of industry experience, he has worked as an investment analyst specializing in event-driven, process-intensive and post-reorganization situations; a board member for growing companies emerging from various forms of distress; and as a restructuring lawyer. Prior to founding JZA, Mr. Zinman previously served as a managing director at Silver Point Capital, a managing director at Solus Alternative Asset Management, and as an attorney at Kirkland & Ellis. Mr. Zinman currently serves on the board of directors of Mallinckrodt PLC and Tradesmen International.
“I see incredible opportunity ahead for Belk as it moves into the future, executes its growth strategy, and continues to deliver for communities across its region," said Steve Sadove, Chairman. “With its dedicated customer base and positive momentum following this summer’s transaction, Belk is well-positioned to thrive through its next chapter and beyond. I look forward to serving as the Chairman of the Board and working in partnership with Don and the leadership team, as well as the highly accomplished Board, as Belk continues to dominate as a leading department store and employer of choice.”
“Don and I are both proud and humbled to have attracted such experienced executives to our company. The strength of our Board, combined with the talents and capabilities of our team, represents Belk’s exciting new era,” said Will Langley, Chief Financial Officer of Belk. “Following the success of this summer’s transaction, we have remained focused on driving the Company forward as we deliver for our customers and partners at the highest levels.”
About Belk
Charlotte-based Belk, Inc., a privately-owned department store, opened its first store in 1888, beginning a legacy of selling great products at great prices, treating customers like family, and giving back to the community. Today, Belk serves customers at nearly 300 Belk stores in 16 Southeastern states, at belk.com and through the mobile app. For over 130 years, Belk has proudly put customers and community at the center of what they do, supporting local charities, organizations, and families when they need it most. For more information visit https://newsroom.belk.com/.
To shop, find your local store at https://www.belk.com/stores/, visit belk.com or download the Belk app in Google Play or Apple Store.
