BJ’s Wholesale Club named Christopher J. Baldwin as its executive chairman; Lee Delaney will succeed Baldwin as CEO of the Westborough, Massachusetts-based company.
In addition, Thomas A. Kingsbury, the former CEO of Burlington Stores Inc., has been appointed to the board. Delaney, currently president of the company, also was appointed to the company’s board.
The changes are effective Feb. 2.
In his role as executive chairman, Baldwin, who joined the company and the board in 2015, will serve as a strategic advisor to Delaney and will lead the board of directors.
“Lee’s strategic vision and leadership have been instrumental in the transformation of BJ’s Wholesale Club,” Baldwin said. “We’re on track to deliver our fourth consecutive year of record earnings with strong cash flow and membership at historic levels. Lee’s knowledge of all areas of our business and strong record of driving profitable growth make him the ideal leader for our company. I look forward to working closely with Lee to ensure a smooth transition as we continue our transformation.”
Delaney joined BJ’s in 2016 as EVP, chief growth officer. Previously, Delaney was a partner in the Boston office of Bain & Co., and a leader in the firm’s consumer products practice. Delaney holds an MBA from Carnegie Mellon University and a bachelor’s degree in computer science and mathematics from the University of Massachusetts.
“This is an exciting time to be a part of BJ’s Wholesale Club, and I’m honored to lead this company and this great team,” said Delaney. “We have a strong growth strategy in place and will continue to focus on providing outstanding value and service to our members. I look forward to continuing to work with Chris as we take advantage of the opportunities ahead of us, producing profitable growth and shareholder value over the long term.”
Kingsbury replaces Cameron Breitner, who is stepping down from the board. “I’m thrilled to have Tom Kingsbury join our board,” Baldwin said. “His deep understanding of value retail and track record of building shareholder value will be extremely valuable as we continue to transform BJ’s Wholesale Club.”
Kingsbury served as CEO of Burlington from 2008 to 2019. Prior to that, he was senior EVP of information services, e-commerce, marketing and business development of Kohl’s Corp.