SEATTLE, April 17,
2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN)
today announced the appointment of Eric
Sprunk, former chief operating officer of NIKE, Inc., to its
Board of Directors, effective immediately. Sprunk will stand for
election at the Company's upcoming 2023 Annual Meeting of
Shareholders. With Sprunk's appointment, the Nordstrom Board has
been expanded to 11 directors.
Sprunk has more than 25 years of leadership experience in the
consumer retail industry. He most recently served as chief
operating officer of NIKE from 2013 to 2020, where he led the teams
responsible for manufacturing, sourcing, sales, procurement and
technology. During his time at NIKE, he held various executive
positions of increasing responsibility, including executive vice
president, global product and merchandising from 2008 to 2013 and
executive vice president and general manager, global footwear from
2001 to 2008. Prior to joining NIKE, Sprunk was a certified public
accountant at Price water house Coopers responsible for client
service of large multi-national companies and financial services
organizations.
"We are pleased to welcome an industry veteran of Eric's caliber
to the Nordstrom Board," said Brad
Tilden, chairman of the Nordstrom Board. "Eric's appointment
demonstrates Nordstrom's commitment to ongoing refreshment and
ensuring our board is composed of directors with relevant skills
and expertise to oversee the execution of Nordstrom's strategy and
drive shareholder value. With Eric's decades of operational
experience in the consumer retail industry and track record of
driving e-commerce growth and large-scale transformations within a
complex global business, we're confident he will be a valuable
addition to the board and look forward to benefitting from his
expertise."
About Nordstrom
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel
good and look their best. Since starting as a shoe store in 1901,
how to best serve customers has been at the center of every
decision we make. This heritage of service is the
foundation we're building on as we provide convenience and
true connection for our customers. Our digital-first platform
enables us to serve customers when, where and how they want to shop
– whether that's in-store at more than 350 Nordstrom, Nordstrom
Local and Nordstrom Rack locations
or digitally through our Nordstrom and Rack apps and
websites. Through it all, we remain committed to leaving the world
better than we found it.
Forward-Looking Statements
Certain statements in this press release contain or may suggest
"forward-looking" information (as defined in the Private Securities
Litigation Reform Act of 1995) that involves risks and
uncertainties that could cause results to be materially different
from expectations. The words "will," "may," "designed to,"
"outlook," "believes," "should," "targets," "anticipates,"
"assumptions," "plans," "expects" or "expectations," "intends,"
"estimates," "forecasts," "guidance" and similar expressions
identify certain of these forward-looking statements. The Company
also may provide forward-looking statements in oral statements or
other written materials released to the public. All statements
contained or incorporated in this press release or in any other
public statements that address such future events or expectations
are forward-looking statements. Important factors that could cause
actual results to differ materially from these forward-looking
statements are detailed in the Company's Annual Report on Form 10-K
for the fiscal year ended January 28,
2023. In addition, forward-looking statements contained in
this release may be impacted by the actual outcome of events or
occurrences related to the wind-down of business operations in
Canada. These forward-looking
statements are not guarantees of future performance and speak only
as of the date made, and, except as required by law, the Company
undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future
circumstances. In addition, the actual timing, price, manner and
amounts of future share repurchases, if any, will be subject to the
discretion of our board of directors, contractual commitments,
market and economic conditions and applicable Securities and
Exchange Commission rules.
Important Additional Information and Where to Find
It
Nordstrom, Inc. intends to file a definitive proxy statement on
Schedule 14A, an accompanying proxy card and other relevant
documents with the SEC in connection with such solicitation of
proxies from the Company's shareholders for the Company's 2023
annual meeting of shareholders. SHAREHOLDERS OF THE COMPANY ARE
STRONGLY ENCOURAGED TO READ THE COMPANY'S DEFINITIVE PROXY
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ALL
OTHER DOCUMENTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
(THE "SEC") CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and shareholders may obtain a copy of the definitive
proxy statement, an accompanying proxy card, any amendments or
supplements to the definitive proxy statement and other documents
filed by the Company with the SEC at no charge at the SEC's website
at www.sec.gov. Copies will also be available at no charge by
clicking the "SEC Filings" link located under "Financial
Information" in the "Investor Relations" section of the Company's
corporate website, investor.nordstrom.com, or by contacting
InvRelations@Nordstrom.com as soon as reasonably practicable after
such materials are electronically filed with, or furnished to, the
SEC.
Certain Information Regarding Participants to the
Solicitation
The Company, its directors and certain of its executive officers
are participants in the solicitation of proxies from the Company's
shareholders in connection with matters to be considered at the
Company's 2023 annual meeting of shareholders. Information
regarding the direct and indirect interests, by security holdings
or otherwise, of the Company's directors and executive officers in
the Company is included in the Company's Proxy Statement on
Schedule 14A for its 2022 annual meeting of shareholders, filed
with the SEC on April 7, 2022, the
Company's Annual Report on Form 10-K for the year ended
January 28, 2023, filed with the SEC
on March 10, 2023, and the Company's
Current Reports on Form 8-K filed with the SEC from time to time.
Changes to the direct or indirect interests of the Company's
directors and executive officers are set forth in SEC filings on
Initial Statements of Beneficial Ownership on Form 3 or Statements
of Change in Ownership on Form 4. These documents are available
free of charge as described above.
INVESTOR
CONTACT:
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Sara
Penner
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Nordstrom,
Inc.
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InvRelations@Nordstrom.com
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MEDIA
CONTACT:
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Stephanie
Corzett
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Nordstrom,
Inc.
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NordstromPR@Nordstrom.com
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SOURCE Nordstrom, Inc.