The Joint Corp. Announces Two New Board Members

Former Wal-Mart CEO, Bill Fields and Retired Deloitte Audit Partner, Ron DaVella

News provided by

The Joint Corp.

Jan 28, 2015, 09:10 ET

SCOTTSDALE, Ariz., Jan. 28, 2015 /PRNewswire/ -- The Joint Corp. (NASDAQ: JYNT), a national healthcare franchisor of chiropractic clinics, recently elected two new members to serve on its board: William "Bill" Fields and Ronald V. DaVella.

Fields is currently Chairman of Fields Texas Limited LLC ("Fields Texas"), Four Corners Sourcing International, and a Managing Partner of Strategic Brands LLC. Davella recently retired from Deloitte after 34 years of service including 25 years as a partner.  

The Joint…the chiropractic place(R), is reinventing chiropractic care through a franchise model that makes quality alternative healthcare affordable for patients while simplifying business operations for chiropractors and franchise owners. Its affordable membership plans eliminate the need for insurance, and its no-appointments policy and convenient locations make care more accessible. The company has more than 200 clinics open and 450 in development in 30 states.
The Joint…the chiropractic place(R), is reinventing chiropractic care through a franchise model that makes quality alternative healthcare affordable for patients while simplifying business operations for chiropractors and franchise owners. Its affordable membership plans eliminate the need for insurance, and its no-appointments policy and convenient locations make care more accessible. The company has more than 200 clinics open and 450 in development in 30 states.

Bill Fields
Fields is a retail industry veteran who began his 25-year career with Wal-Mart as a store manager who was handpicked by Wal-Mart Founder Sam Walton to be his assistant. Fields went on to hold numerous senior executive positions, including Senior Vice President of Distribution and Transportation responsible for more than 2,000 stores and 600,000 employees. He left Wal-Mart in 1996 as President and Chief Executive Officer of Wal-Mart Stores Division and Executive Vice President of Wal-Mart Stores, Inc.

During the span of his career, Fields served as Chairman and Chief Executive Officer of top retailers including Factory 2-U Stores, Inc., Hudson's Bay Company and Blockbuster Entertainment Group. He also served on the boards of Lexmark International, Electronic Cigarettes International Group, Ltd., Graphic Packaging Corporation, and Sharper Image Corporation. He is a Director of Victory Electronic Cigarettes Corporation.

"I decided to join The Joint Corp.'s board because I was impressed by the caliber of the management team," Fields said. "John Richards and David Orwasher both have impressive retail service pedigrees that helped catapult Starbucks' sales. In addition, The Joint's revolutionary patient-centric approach, coupled with its commitment to affordability and convenience makes it a disruptive force in chiropractic and in healthcare overall."

Ron DaVella
During his 34-year career as an Audit Manager and Audit Partner at Deloitte, DaVella assisted clients with mergers and acquisitions, operational and financial controls, internal and external reporting, public offerings and SEC filings. He served many public and private clients in various industries including franchising, retail, software, manufacturing, technology, real estate and sports. DaVella's key clients included PetSmart, Discount Tire, Subway and Ann Taylor, to name a few. He received a Bachelor of Science in Accounting from Queens College and an M.B.A. in Finance from Pace University. He is a Certified Public Accountant in Arizona.

"It's an honor to work with Bill and the other Board members of The Joint Corp. at a time when consumers are demanding quality, affordable healthcare," commented DaVella. "The Joint's concept is truly revolutionary and I look forward to contributing to its next phase of growth."

John B. Richards, CEO of The Joint Corp., said, "We are honored to have both Bill & Ron join our board. Bill's deep knowledge of the retail industry will be invaluable as we work towards our goal of reinventing chiropractic care. We welcome Ron's expertise in finance to further strengthen The Joint Corp.'s financial outlook as a public company."

The Joint Corp.'s board of directors also include:

  • Craig P. Colmar, a partner at Johnson and Colmar
  • Steven P. Colmar, president of Business Ventures Corp.
  • John Leonesio, CEO of The Joint Corp. from 2010 to 2013
  • John B. Richards, a director since January 2014 who became Chief Executive Officer in July 2014

About The Joint Corp. (NASDAQ: JYNT)
Based in Scottsdale, Arizona, The Joint…the chiropractic place® is reinventing chiropractic care by making quality alternative healthcare affordable for patients seeking pain relief and ongoing wellness. Our membership plans and packages eliminate the need for insurance, and our no-appointment policy, convenient hours and locations make care more accessible. The Joint performs more than one million spinal adjustments a year across 240+ clinics nationwide. For more information, visit www.thejoint.com, follow us on Twitter @thejointchiro and find us on Facebook, You Tube and LinkedIn.

Safe Harbor Statement
The matters discussed in this news release may include forward-looking statements, which could involve a number of risks and uncertainties. When used in this press release, the words "will," "believes," "intends," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, such forward-looking statements. Factors that could cause such differences include the risk factors described in our filings with the U.S. Securities and Exchange Commission.

Contact:
Marcia Rhodes
Amendola Communications for The Joint Corp.
Ph: (480) 664-8412, ext. 15
Email: [email protected]

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SOURCE The Joint Corp.

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