Big Lots 2012 Annual Report Download - page 20

- 6 -
Nominating and Governance Committee and served on the Compensation Committee. Mr. Chambers’ extensive
cross-functional packaged goods industry experience and 15 year track record in general management make him an
excellent candidate to serve on the Board.
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 26 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. (discount retailer). Mr. Hayes
also previously served as the President and Chief Operating Officer of Family Dollar Stores, Inc. (discount retailer);
and the Chairman and Chief Executive Officer of the Gold Circle / Richway divisions of Federated Department
Stores, Inc. (department store 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.
Brenda J. Lauderback is the former President – Wholesale Group of Nine West Group, Inc. (footwear retailer
and wholesaler). Ms. Lauderback also previously served as the President – Footwear Wholesale of U.S. Shoe
Corporation (footwear retailer and wholesaler); and the Vice President, General Merchandise Manager of Dayton
Hudson Corporation (department store retailer). Ms. Lauderback is also currently a director of Denny’s Corporation
(restaurant operator) (where she is the chair of the corporate governance and nominating committee and a member
of the audit committee), Select Comfort Corporation (bedding manufacturer and retailer) (where she is the chair
of the corporate governance and nominating committee and a member of the compensation committee), and
Wolverine World Wide, Inc. (footwear manufacturer) (where she is the chair of the governance committee and a
member of the audit committee). Ms. Lauderback previously served as a director of Irwin Financial Corporation
(bank holding company). Ms. Lauderback’s extensive service on the boards of other public companies and
experience in leadership roles with other retailers make her well-suited to continue serving on the Board.
Philip E. Mallott is the former Vice President and Chief Financial Officer of Intimate Brands, Inc. (intimate
apparel and beauty product retailer). Mr. Mallott is also currently a director of GNC Holdings, Inc. (health
and wellness specialty retailer) (where he is a member of the audit committee and compensation committee).
Mr. Mallott previously served as a director of Tween Brands, Inc. (clothing retailer). Mr. Mallott’s qualification as
an “audit committee financial expert,” (as defined by applicable SEC Rules) his experience as a certified public
accountant, his service on the boards of other public companies and charitable organizations, and his experience
in leadership roles with other retailers led to the conclusion that he would continue to be a valuable member of
the Board.
Russell Solt is the former Director of Investor Relations of West Marine, Inc. (boating supplies and accessories
specialty retailer) where he also previously served as the Executive Vice President and Chief Financial Officer.
Additionally, Mr. Solt previously served as the Chief Financial Officer of Venture Stores, Inc. (discount retailer)
and Williams-Sonoma, Inc. (home furnishing and cookware specialty retailer). Mr. Solt’s experience as a certified
public accountant and as the Chief Financial Officer of other publicly-traded retailers, his background in investor
relations and his qualification as an “audit committee financial expert,” (as defined by applicable SEC Rules)
makes him well-suited to continue serving on the Board.
James R. Tener is the former President and Chief Operating Officer of Brook Mays Music Company (music
retailer and wholesaler that filed for bankruptcy on July 11, 2006). Mr. Tener also previously served as the Chief
Operating Officer of The Sports Authority (sporting goods retailer). Mr. Tener’s extensive experience in senior
leadership roles of other publicly-traded retailers and prior service on the board of a privately-held company make
him a strong choice to continue serving on the Board.