Ollie's Bargain Outlet (OLLI) Reports Chief Financial Officer Departure

Ollie's Bargain Outlet (NASDAQ: OLLI) announced:

Jay Stasz, Chief Financial Officer (“CFO”), has resigned to pursue another opportunity and his last day as CFO will be June 30, 2022. Mr. Stasz has been with Ollie’s for over six years and has served as the Company’s Senior Vice President and Chief Financial Officer since January 2018. The Company has initiated a national search for his successor. John Swygert will assume the additional role of interim CFO until a successor is named. Prior to assuming his role as CEO, Mr. Swygert previously served as the Company’s CFO from March 2004 to January 2018, after which he served as Chief Operating Officer until he was named CEO in December 2019.

“Jay has made numerous contributions to Ollie’s and has played an important role in the successful growth of the company. He has been an integral part of our management team and will be missed,” said Mr. Swygert, CEO of Ollie’s. “We appreciate Jay’s hard work and dedication during his tenure at Ollie’s and we wish him well in his future endeavors.”

“I am proud of all that we have accomplished during my time at Ollie’s,” said Mr. Stasz. “I remain confident in the growth opportunities that lie ahead for this unique business model and I am leaving the company in good hands with a strong management team.”

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