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COLUMBUS, Ohio — Big Lots Inc. has promoted three top executives and announced the departure of another, in a realignment meant to support the continued turnaround of the company.
Big Lots Inc. has promoted three top executives and announced the departure of another, in a realignment meant to support the continued turnaround of the company.
Lisa Bachmann was promoted to executive vice president and chief merchandising and operating officer, with responsibility for the company’s merchandising, planning and allocation, and global sourcing teams. She also maintains responsibility for the information technology strategy and team, which Big Lots president and chief executive officer David Campisi says is tightly integrated with the future of merchandising (and particularly e-commerce) at the company. Bachmann, who has been with Big Lots for 13 years, most recently served as executive vice president and chief operating officer.
Timothy Johnson was promoted to executive vice president and chief administrative officer and chief financial officer, with primary responsibility for the accounting and finance functions; asset protection of stores, offices and distribution centers; and the real estate team. He also assumes responsibility for the company’s distribution centers and global logistics operations. Johnson, a 15-year company veteran, most recently served as executive vice president and chief financial officer.
Michael Schlonsky was promoted to executive vice president, human resources and store operations, with responsibility for all aspects of operations in Big Lots’ 1,460 stores. Schlonsky has been with Big Lots for 22 years, most recently serving as senior vice president of human resources.
In conjunction with these promotions, the company announced the departure of former executive vice president and chief merchandising officer Richard Chene.
Big Lots reported $17.7 million in income from continuing operations in the three months ended August 1, compared to $17.2 million a year earlier. The company’s same-store sales gain of 2.8% was its sixth straight quarterly increase in that metric.
