SAN DIEGO, March 24 /PRNewswire-FirstCall/ --
PETCO Animal Supplies, Inc., (Nasdaq: PETC) announces the addition of two new
Vice Presidents and an in-house Veterinarian to the company's management team,
further strengthening their position for future development and growth as well
as their long-term commitment to animal care.
Doug Beeuwsaert joins the company as Vice President of the newly created
Internal Audit Department. This department will perform audits to help the
company determine its objectives are met and improve the effectiveness of risk
evaluation, internal control and governance processes. The internal audit
function will report directly to the Audit Committee of the Board of
"I'm very excited about joining such a well-established and growing
company," Beeuwsaert said. "I'm looking forward to working with the
management team and the Board to ensure PETCO's success in executing its
corporate governance responsibilities."
Beeuwsaert brings close to 15 years of internal auditing experience to
PETCO, primarily in the retailing and manufacturing industries. Previously,
he was the Assistant Vice President, Internal Audit at HomeBase/House2Home,
and held various audit positions at Furon Company and Rockwell International.
"Doug's professional background makes him the ideal candidate to lead this
initiative," Myers said. "His oversight abilities and the independence of
this function will help ensure PETCO's commitment to corporate governance
while we continue to execute our successful growth strategy."
In addition, Gilbert Smith has joined PETCO as Vice President of Inventory
Management, bringing with him more than 20 years of supply chain and inventory
management experience with companies such as Trak Auto Corp., World Kitchen
and Factory Auto Parts. He has been responsible for inventory management,
analytics, purchasing and systems development with each of these firms,
achieving success in inventory reductions, increased turns and cost savings.
"I am very pleased to be joining PETCO," Smith said. "PETCO is a great
company, with a strong focus on animal care, and is well positioned to
capitalize on industry growth opportunities."
Bob Brann, PETCO's Senior Vice President of Merchandising, said, "Gil's
proven track record will help PETCO maximize the efficiency of our supply
chain, while at the same time enhancing our strong commitment to customer
service and satisfaction."
Smith will report directly to Brann.
Thomas M. Edling, DVM, MSpVM, has also joined PETCO, building on the
company's ongoing commitment to quality animal care, in the position of
Director of Veterinary Medicine. Dr. Edling received his BS from Texas A&M
University in 1981 and his degree in veterinary medicine from Colorado State
University, and was on the faculty of the University of Wisconsin Veterinary
Medical Teaching Hospital. In addition, Dr. Edling was selected for and
completed the American Board of Veterinary Practitioner's only residency
program for Companion and Wild Avian Medicine and Surgery, at North Carolina
State University, where he also received his Master in Specialized Veterinary
Medicine (MSpVM) in 2001.
"We're very excited to have Dr. Edling on board," Vice President of Animal
Care & Education Sara Raleigh said. "He will build upon our existing
partnerships with our consulting veterinarians and local store veterinarians,
as well as enhance our animal care training and procedures in our stores."
Dr. Edling is PETCO's first Director of Veterinary Medicine, and will
report directly to Raleigh.
"I view my job through the eyes of the animals at PETCO," Dr. Edling said.
"I am looking forward to being an animal advocate, ensuring that Animals
Always Come First."
PETCO is a leading specialty retailer of premium pet food and supplies,
with a commitment to quality animal care and education. PETCO's strategy is
to offer its customers a complete assortment of pet-related products and
services at competitive prices, with superior levels of customer service at
convenient locations, by hiring pet lovers and training them to become
counselors to our pet-loving customers. PETCO generated net sales of $1.48
billion in the fiscal year ended February 1, 2003. It operates more than
605 neighborhood stores in 43 states and the District of Columbia, as well as
a leading destination for on-line pet food and supplies at www.petco.com .
The PETCO Foundation, PETCO's non-profit organization, has raised more than
$11 million since inception in 1999. More than 1,400 non-profit grassroots
animal welfare organizations from around the nation have received support from
SOURCE PETCO Animal Supplies, Inc.