L.L.Bean names Express CEO, Hannaford vet to board
Freeport, Maine – L.L.Bean Inc. has appointed two new independent directors to its corporate board. The new board members are Matthew Moellering, executive VP and CEO of Express Inc., and Hugh Farrington, former president and CEO of Hannaford Brothers Company.
"I am very pleased with the selection of these new board members,” said Shawn Gorman, chairman of the board of directors. “They bring a wealth of retail and business experience. As the board continues to focus on the overall governance and strategic direction of the organization, the addition of these new members will provide valuable outside perspective as well as additional business expertise."
In May 2013, shareholders approved a board that includes six L.L.Bean family owners, L.L.Bean CEO Chris McCormick and three independent directors. A search for the third independent director will commence this year.