National Vision adds new member to the board

DULUTH, Ga. – National Vision Holdings, Inc. (NASDAQ:), a leading optical retailer in the United States, announced the appointment of Susan O’Farrell to its Board of Directors and its Audit Committee. O’Farrell, recognized for her extensive financial and operational expertise, brings over three decades of leadership experience to the role.

O’Farrell’s career highlights include her tenure as CFO, Principal Accounting Officer, and Treasurer at BlueLinx Holdings, Inc., as well as senior positions at The Home Depot (NYSE:), where her responsibilities spanned IT, procurement, supply chain, and logistics. Her insights are anticipated to enhance the strategic direction of National Vision as it navigates the evolving healthcare and retail sectors.

“Susan is an exemplary addition to our board,” said Randy Peeler, Chairman of National Vision’s Board of Directors. “Her expertise will bring new perspective, both deepening the strength and expanding the view of the board.”

In addition to her new role at National Vision, O’Farrell currently serves as the Audit Committee Chair on the Board of Directors for Leslie’s, Inc., and as a member of the Audit Committee for Savers Value Village, Inc. Her community involvement includes positions on the Board of Directors for the International Women’s Forum – Georgia Chapter and advisory roles at the University of Georgia’s Terry College of Business.

“I am very excited to get started with National Vision,” O’Farrell commented. “I share National Vision’s passion for providing high quality care at an affordable cost, and look forward to working together with leadership and my fellow board members to advance the Company’s mission.”

Reade Fahs, CEO of National Vision, expressed confidence in O’Farrell’s capabilities. “We feel incredibly fortunate to add her strengths to our board,” he stated.

O’Farrell’s academic credentials include a B.S. in Business Administration from Auburn University and completion of the Executive Leadership Program at Emory University’s Goizueta Business School. She also holds a CERT Certificate in Cybersecurity Oversight from Carnegie Mellon.

National Vision operates over 1,400 stores across 44 states and Puerto Rico, committed to making quality eye care and eyewear more affordable and accessible.

This announcement is based on a press release statement from National Vision Holdings, Inc.

InvestingPro Insights

As National Vision Holdings, Inc. (NASDAQ:EYE) welcomes Susan O’Farrell to its Board of Directors, the company’s financial landscape presents a mixed picture. According to real-time data from InvestingPro, National Vision has a market capitalization of approximately $1.56 billion, reflecting its standing in the retail sector. Despite not being profitable over the last twelve months, analysts are optimistic, predicting that the company will achieve profitability this year. This projection aligns with the strategic expertise O’Farrell is expected to bring to the table.

InvestingPro Data metrics indicate that National Vision’s revenue for the last twelve months as of Q3 2023 stood at approximately $2.09 billion, with a modest revenue growth of 3.71%. The company’s gross profit margin during the same period was a robust 53.27%, which could be a testament to its operational efficiency. However, the company’s stock has experienced a significant decline over the past year, with a 1 Year Price Total Return of -50.89%, suggesting that the market may have concerns about its near-term prospects.

For investors considering National Vision’s stock, an InvestingPro Tip worth noting is that the company is trading at a high EBIT valuation multiple. This, combined with the fact that the company does not pay a dividend, might influence investment decisions. For those seeking deeper insights, there are additional InvestingPro Tips available that could provide a more comprehensive understanding of National Vision’s financial health and market position.

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