Big Lots 2010 Annual Report Download - page 21

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the general qualifications discussed in the “Selection of Nominees by the Board” section below), and other public
company directorships held by each nominee during the past five years. Directors are elected to serve until the next
annual meeting of shareholders and until their respective successors are elected and qualified, or until their earlier
death, resignation or removal.
Current Committee Membership
Name Age Director Since Audit Committee Compensation Committee
Nominating /
Corporate
Governance
Committee
Strategic
Planning
Committee
Jeffrey P. Berger 61 2006 *
Steven S. Fishman 59 2005
Peter J. Hayes 68 2008 *
David T. Kollat 72 1990 ** **
Brenda J. Lauderback 60 1997 *
Philip E. Mallott 53 2003 ** *
Russell Solt 63 2003 * *
James R. Tener 61 2005 *
Dennis B. Tishkoff 67 1991 ** *
* Committee Member
** Committee Chair
Jeffrey P. Berger is the former Executive Vice President, Global Foodservice, and President and Chief Executive
Officer of Heinz North America Foodservice (manufacturer and marketer of processed food products). The Board
would be well served by the perspective provided by Mr. Berger’s 14 years of experience as a chief executive of a
multibillion dollar company and his qualification as an “audit committee financial expert,” as defined by applicable
SEC rules.
Steven S. Fishman is the Chairman, Chief Executive Officer and President of Big Lots. Before joining us in July
2005, Mr. Fishman served as the President, Chief Executive Officer and Chief Restructuring Officer of Rhodes, Inc.
(furniture retailer that filed for bankruptcy on November 4, 2004); the Chairman and Chief Executive Officer of
Frank’s Nursery & Crafts, Inc. (lawn and garden specialty retailer that filed for bankruptcy on September 8, 2004);
and the President and Founder of SSF Resources, Inc. (investment and consulting). Mr. Fishman’s strong leadership
skills, proven management capabilities, and more than 36 years of diverse retail experience with discount, specialty
and department store retailers, including 25 years of experience in a senior executive role, make Mr. Fishman an
excellent choice to continue serving on the Board.
Peter J. Hayes is the former Chief Operating Officer of Variety Wholesalers, Inc. (retailer). Mr. Hayes also
previously served as the President and Chief Operating Officer of Family Dollar Stores, Inc. (retailer); and the
Chairman and Chief Executive Officer of the Gold Circle / Richway divisions of Federated Department Stores,
Inc. (retailer). Mr. Hayes’ experience in discount retail, his leadership experience at large corporations and his
qualification as an “audit committee financial expert,” as defined by applicable SEC rules, make him well suited to
continue serving on the Board.
David T. Kollat is the President and Founder of 22, Inc. (research and management consulting). Mr. Kollat is
also currently a director of Limited Brands, Inc. (where he is a member of the compensation committee and the
finance committee), Select Comfort Corporation (where he is a member of the compensation committee and the
corporate governance and nominating committee), and Wolverine World Wide, Inc. (where he is the lead director
and a member of the compensation committee). Mr. Kollat’s experience in retail and marketing, leadership
skills, extensive service on the boards of other public companies, and his advanced academic degrees in business
administration led to the conclusion that he would continue to be a valuable member of the Board.