JOANN Welcomes Two to Board of Directors, Promotes General Counsel

HUDSON, Ohio--(BUSINESS WIRE)-- JOANN Inc, the nation's category leader in sewing and fabrics and one of the fastest growing players in the arts and crafts industry, has welcomed two additional Board Members in its return to the public market. In another move to strengthen its executive leadership team, JOANN also announces the promotion of its General Counsel.

Anne Mehlman and Marybeth Hays were nominated to join the Board of Directors as JOANN listed publicly on NASDAQ in March and were confirmed shortly thereafter. Additionally, the Board approved the promotion of Ann Aber to Senior Vice President, General Counsel and Secretary.

Mehlman also serves as Executive Vice President and Chief Financial Officer of Crocs, Inc., served as Chief Financial Officer of Zappos.com, and previously held several global financial roles finally serving as Vice President, Corporate Finance of Crocs, Inc. Previously, she was Division Finance Director at RSC Holdings, Inc. (acquired by United Rentals, Inc.), and also held various financial roles at Corporate Express (acquired by Staples, Inc.) and Lockheed Martin. Mehlman is Chair of JOANN's Audit Committee.

Hays also serves on the boards of Affordable Care, LLC, Leapfrog Brands, LLC and Decowraps, LLC, and as Board Executive Chair of Sneez, LLC. She is Executive-in-Residence with Kearney consulting, is on the advisory board of Pocket Naloxone, and works with clients through her company, Hays Advising LLC. She held various roles at Walmart Inc., most recently as Executive Vice President of Consumables and Health & Wellness for Walmart U.S. She previously served as Merchandising Vice President at Lowe's Home Improvement and worked in brand management roles at Hanesbrands Inc. She is a Member of JOANN's Audit Committee.

Aber joined JOANN in April 2019 and was appointed as Senior Vice President, General Counsel & Secretary in March 2021. Her responsibilities include legal, corporate governance and classification and compliance. Prior to joining JOANN, Aber served as Vice President & General Counsel at More Than Gourmet, a specialty food manufacturer. Prior to that, Aber acted as Counsel at Eaton Corporation and was an Associate in the Private Equity practice at Jones Day. Ms. Aber currently serves on the board of directors of the Greater Cleveland Food Bank.

'We are extremely pleased to add Anne and Marybeth to our Board and are confident their experience, expertise and vision will help guide JOANN to become an even stronger and more progressive retailer,' said Wade Miquelon, President & CEO of JOANN.' 'I'm also proud to announce the well-deserved promotion of Ann Aber, as she has proven significant impact and leadership in our business, including steering JOANN through the IPO process this past year.'

For additional information on Anne Mehlman, Marybeth Hays, Ann Aber and JOANN's full Management Team and Board of Directors, visit investors.joann.com.

About JOANN

For more than 75 years, JOANN has inspired creativity in the hearts, hands, and minds of its customers. From a single storefront in Cleveland, Ohio, the nation's category leader in sewing and fabrics and one of the fastest growing players in the arts and crafts industry has grown to include 855 stores across 49 states and robust e-commerce business. With the goal of helping every customer find their creative Happy Place, JOANN serves as a convenient single source for all of the supplies, guidance, and inspiration needed to achieve any project or passion.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements, including with respect to the proposed initial public offering. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause JOANN's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. These risks include including the risks outlined under 'Risk Factors' in the preliminary prospectus relating to the offering , which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, JOANN assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Source: JOANN

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