HARRISBURG, Penn. – Ollie’s Bargain Outlet Holdings, Inc. has announced the appointment of Eric van der Valk to President & Chief Executive Officer, effective Feb. 2.
Ollie’s trades on the NASDAQ exchange under the ticker symbol OLLI The company has 558 stores, many located in Maryland, Delaware and Pennsylvania, where it is headquartered. Over the last 52 weeks the Ollie’s stock has hit a high of $120.03 and low of $68.05.
In connection with his appointment to CEO, van der Valk has also been added to the Ollie’s Bargain Outlet Holdings’ Board of Directors, increasing the total number of directors from nine to 10. In addition, John Swygert has been appointed to executive chairman of the board. These transitions complete the company’s leadership succession plan, which was announced in June 2024.
“Today’s appointments are the culmination of years of work on succession planning by the board,” said Rich Zannino, lead independent director of the board. “During Eric’s time at Ollie’s, he has led foundational changes that have not only driven execution and results but also positioned Ollie’s for sustainable long-term growth. His closeout, deep discount, merchandising and operational experience make him the ideal candidate to succeed John as President & CEO.”
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