Big Lots CEO out — but only temporarily
The chief executive of Big Lots is out on medical leave.
The discounter announced that president and CEO David Campisi took medical leave after he was hospitalized on Friday, December 1st, shortly after the company's third quarter earnings call. He is now recuperating at home.
In connection with Campisi's temporary leave of absence, the company assigned his executive responsibilities to Lisa M. Bachmann, executive VP, chief merchandising & operating officer, and Timothy A. Johnson, executive VP, chief administrative & CFO, effective immediately. In addition, James R. Chambers, Big Lots non-executive chair of the board, intends to spend additional time at the company's Columbus, Ohio headquarters with the leadership team during the duration of the medical leave.
"We have complete confidence in Lisa and TJ, and the rest of the leadership team at Big Lots to continue the company's strategic initiatives. David Campisi is an inspirational leader, and we look forward to his return to good health and to leading the company again," said Chambers.
Campesi has been CEO of Big Lots, which operates 1,430 stores in 47 states, since May 2013. The company on Friday reported better-than-expected third quarter earnings and raised its full-year forecast as its looks towards what it expects will be a successful holiday season.
The discounter announced that president and CEO David Campisi took medical leave after he was hospitalized on Friday, December 1st, shortly after the company's third quarter earnings call. He is now recuperating at home.
In connection with Campisi's temporary leave of absence, the company assigned his executive responsibilities to Lisa M. Bachmann, executive VP, chief merchandising & operating officer, and Timothy A. Johnson, executive VP, chief administrative & CFO, effective immediately. In addition, James R. Chambers, Big Lots non-executive chair of the board, intends to spend additional time at the company's Columbus, Ohio headquarters with the leadership team during the duration of the medical leave.
"We have complete confidence in Lisa and TJ, and the rest of the leadership team at Big Lots to continue the company's strategic initiatives. David Campisi is an inspirational leader, and we look forward to his return to good health and to leading the company again," said Chambers.
Campesi has been CEO of Big Lots, which operates 1,430 stores in 47 states, since May 2013. The company on Friday reported better-than-expected third quarter earnings and raised its full-year forecast as its looks towards what it expects will be a successful holiday season.