Leslie's, Inc. has announced a significant change in its leadership, with the appointment of Jason McDonell as the new CEO, effective September 9, 2024. McDonell brings with him nearly 30 years of experience in retail and consumer products, having most recently served as the Executive Vice President at Advance Auto Parts. His extensive background in driving omnichannel growth and managing global teams positions him well to lead Leslie's into its next chapter.
In light of this leadership transition, the company's outgoing CEO, Mike Egeck, aged 65, has departed from Leslie's and resigned from his board seat. Chairman John Strain will serve as the interim CEO until McDonell assumes the role of chief executive officer.
Leslie's also reaffirmed its outlook for the full year of fiscal 2024, consistent with the outlook provided on August 7, 2024. This reaffirmation speaks to the company's confidence in its performance and trajectory for the remainder of the fiscal year.
Founded in 1963, Leslie's is the largest direct-to-consumer brand in the U.S. pool and spa care industry, operating over 1,000 physical locations and a robust digital platform. The company's dedication to providing essential pool and spa care products, along with knowledgeable associates and experienced service technicians, underscores its commitment to empowering consumers to maintain and enjoy their pools and spas.
The appointment of Jason McDonell and the reaffirmation of Leslie's fiscal 2024 outlook mark significant developments for the company, signaling a strategic shift in leadership and a continued focus on delivering value to its customers and stakeholders. Following these announcements, the company's shares moved -0.6%, and are now trading at a price of $3.07. If you want to know more, read the company's complete 8-K report here.
