Vista Outdoor Inc. (NYSE: VSTO) today announced the addition of two independent members, Ms. Fran Philip and Ms. Lynn Utter, to its Board of Directors as part of the Company's ongoing board refreshment efforts. The company also announced the upcoming retirement of a current board member, Ambassador April Foley.

Frances (Fran) Philip has most recently served as Chief Merchandising Officer for L. L. Bean. Ms. Philip has held numerous leadership roles in specialty retail over a more than 35-year career and brings to Vista Outdoor both analytical expertise and a passion for product design and development, merchandising, branding and creative. Ms. Philip has served for 17 years as an independent director of multiple public and private company boards. Currently she serves on public boards at Vera Bradley and Coats Group, PLC.

Lynn Utter is the Chief Talent Officer of Atlas Holdings, Inc, a private investment firm specializing in transforming businesses into high performing organizations. Ms. Utter also serves on public boards for WESCO International and Lincoln Financial Corporation. Additionally, Ms. Utter serves on not-for-profit boards, including the Henry Crown Fellowship Institute at the Aspen Institute, the University of Texas, and the United Way. Prior to her role at Atlas, she served as Chief Executive Officer for First Source, LLC and President and COO of Knoll, Inc.

"We believe Fran and Lynn will be excellent additions to the Vista Outdoor board of directors," commented Mike Callahan, Vista Outdoor's Chairman. "Fran's leadership and strategic product experience at world-respected consumer brands and Lynn's depth of experience with operational and talent management will bring valuable insights to our board. Fran's and Lynn's respective backgrounds are well-aligned with our strategic priorities, including sustained organic growth, talent development, operational excellence, and furthering our work on the environmental, social and governance issues that support our mission of bringing the world outside."

Callahan continued, "Our Nominating and Governance Committee is committed to diversity and regularly bringing fresh perspectives to our board. We have added three new board members during the past two years. These two appointments will complement the strengths and expertise of our current directors as we continue to transform the company and pursue our growth strategy."

Ambassador Foley, a member of the Board since February of 2015, will be retiring at the end of her term in August 2020. Until her retirement, Ms. Foley will continue to serve as a director and as a member of the Board's Management Development and Compensation Committee and Nominating and Governance Committee.

"Our Board, management team and I thank Ambassador Foley for her five years on the board and for the global perspective, business insight and thought leadership she continues to provide. She has been a valued member of our board and was instrumental in helping us guide Vista Outdoor through its spin-off from ATK and the early stages of its development as an independent public company. We wish her the very best in her retirement," said Callahan.

Said Foley, "I have tremendous confidence in our management team, the board and our colleagues and newly appointed independent Directors. It has been a great privilege to be a part of the Vista Outdoor family and I am proud of our nearly 5,000 employees for all they do every day to create value for our shareholders and make a positive impact on the communities we serve."

New board members will be voted for at the Company's 2020 Annual Meeting of Shareholders in August 2020. The composition of the Vista Outdoor board as proposed to shareholders by management will consist of eight independent board members; a gender balance of six male and two female; and a total of nine members.

Management will provide a full update on the company's actions and outlook when Vista Outdoor reports fourth quarter results on May 7, 2020.