North American party retailer Party City has announced that it has appointed two industry veterans, John Frascotti and Jim Conroy, to its board of directors, effective from September 11, 2019.
“We are pleased to welcome John and Jim to our Board and believe their backgrounds are a great addition to the broad experience of our existing Board of Directors,” said Norman Matthews, Party City director and chairman of the board.
“[They] are well-established leaders with proven track records of driving growth at consumer companies and we will leverage their valuable insights. We look forward to working with them both as we focus on executing against our growth strategies across our omni-channel business.”
John Frascotti is currently president and coo of global play and entertainment company Hasbro, where he has played a critical part in driving a digital first omni-channel approach and in re-inventing Hasbro’s portfolio of franchise brands. He also serves on the board of directors for Hasbro, Discovery Family Channel, Corus Entertainment, Serious Fun Children’s Network and is a member of the advisory board for Newman’s Own Foundation.
Jim Conroy has over 25 years of retail experience and is currently president, ceo and a director of lifestyle retailer Boot Barn. Under his leadership, Boot Barn has launched several new private brands and more than tripled its annual revenue, both through organic growth and M&A.
At the same time, Gerry Rittenberg – who has been with Party City since 1990 – has resigned from the board of directors. He will remain with the company as a consultant until 31 December, 2020.