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Natural Foods Merchandiser

The Vitamin Shoppe adds digital leader to board of directors

The Vitamin Shoppe adds digital leader to board of directors

The Vitamin Shoppe Inc. (NYSE: VSI), a multichannel specialty retailer and manufacturer of nutritional products, today announced that its board of directors voted to expand the size of the board to 11 directors and appointed Guillermo Marmol as new independent member of the board of directors effective Feb. 29, 2016. Marmol will also be a member of the Nomination and Governance Committee. 

Marmol has served as president of Marmol & Associates, a consulting firm that provides advisory services and investment capital to early stage technology companies, since March 2007 and, prior to that, from October 2000 to 2003. He served as division vice president and a member of the executive committee of Electronic Data Systems Corporation, a global technology services company, from 2003 to 2007, and as a director and chief executive officer of Luminant Worldwide Corporation, an internet professional services company, from 1998 to 2000. From 1995 to 1998, he served as vice president and chair of the Operating Committee of Perot Systems Corporation. He began his career at McKinsey & Company, rising to increasingly senior positions with the firm, including the positions of director and senior partner from 1990 to 1995, and was a leader of the organization and business process redesign practices. Marmol is a director and chair of the audit committee of Foot Locker Inc., and a director of Principal Solar Inc. and KERA/KXT North Texas Public Broadcasting Inc.

Richard Markee, non-executive chairman of the board of the Vitamin Shoppe stated, "The company has continued to diversify its board with the goal of adding individuals who can bring knowledge in different disciplines that will contribute to the Vitamin Shoppe's growth and success as we implement the company's customer experience reinvention strategy. A key part of that strategy focuses on the digital experience and we expect that Guillermo will be able to contribute substantially to our corporate development efforts due to his extensive years of executive experience in global technology companies. He brings a wealth of experience and an important perspective that will no doubt positively impact the future of the company as we continue to execute on our initiatives for creating shareholder value. His passion for entrepreneurship, technology, and innovation is exciting."

The board also nominated Marmol to stand for election as part of the company's slate of director nominees at the 2016 annual meeting pursuant to the previously announced agreement dated as of Jan. 12, 2016, among the Vitamin Shoppe and Carlson Capital, L.P. and certain of its affiliates.

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