Board of Directors

Tony Truesdale is the Chair of the Board and has served as a member of the Board since August 2019. Mr. Truesdale is Chairman at Recreational Equipment, Inc. Before retiring, Mr. Truesdale was the Chief Executive Officer of The Vitamin Shoppe, Inc. from 2011 to 2015. He also served as the President and Chief Merchandising Officer of The Vitamin Shoppe, Inc. from 2006 to 2011. Prior to The Vitamin Shoppe, Inc., Mr. Truesdale served as the Senior Vice President of Merchandising at PetSmart Inc., where he worked for over seven years. In addition, Mr. Truesdale was the Senior Manager of Produce for Sainsbury’s, the second largest supermarket chain in the United Kingdom, and a Principal at Shaw’s Supermarkets in New England from 1981 to 1997. Mr. Truesdale earned an undergraduate degree and a graduate degree from Northeastern University.

Sarah Davis has served as a member of the Board since July 2021.  Ms. Davis brings more than 30 years of management experience driving business and operational functions, as well as a strong track record in corporate finance. Most recently, she was the President of Loblaw Companies Limited, where she led the strategic direction and day-to-day operations of Canada’s largest retailer and the nation’s food and pharmacy leader. Ms. Davis had been with Loblaw in positions of increasing responsibility since 2007, including both as Chief Financial Officer and Chief Administrative Officer, during which time she played a crucial role in transforming the company from a regionally managed grocer into an omni-channel food, health and wellness retailer with $52.7 billion in revenue. Ms. Davis was chair of the Board of PC® Children’s Charity and T&T Supermarkets from 2017 until her retirement in 2021. She served as a board member of PC Financial from 2010 until 2021 and continues to sit on the Board of Directors of AGF Investments. Prior to joining Loblaw, Ms. Davis spent 20 years of her career in telecom, at both Rogers and Bell Canada. She holds a Bachelor of Commerce, Honours degree from Queen’s University, is a Chartered Accountant and is a Fellow of the CPA.

Clayton Harmon has served as a member of the Board since January 2021. Mr. Harmon joined Roark in 2007. He is actively involved in Roark’s investments in Inspire Brands, Inc., Nothing Bundt Cakes, and Batteries Plus Bulbs. Prior to joining Roark, Mr. Harmon was a Senior Associate in the transaction advisory services group at Ernst & Young. Prior to that, Mr. Harmon worked in the audit and risk advisory services group at KPMG. Mr. Harmon earned a Master of Accountancy and a Bachelor of Business Administration from the Terry College of Business at the University of Georgia.

Patrick Hillegass has served as a member of the Board since February 2019. Mr. Hillegass joined Roark in 2011. Mr. Hillegass has worked with Roark in increasingly senior roles since 2011. Through his role with Roark, Mr. Hillegass serves on the board of directors of Miller’s Ale House, a 94 unit casual dining restaurant chain based in Orlando, Florida, and the parent company of Divisions Maintenance Group, a Cincinnati-based provider of facilities services to multi-unit clients, including many of leading retailers in the U.S. He has also overseen Roark’s investments in Wingstop, Massage Envy and Naf Naf Grill. In his time with Roark, and in addition to the roles above, he has had extensive experience reviewing and analyzing the financial statements, audits and accounting records of many multi-unit restaurant and retail investment opportunities. Mr. Hillegass graduated from the University of Virginia in 2007 with a bachelor’s degree in economics and systems engineering.

Kevin Hofmann has served as a member of the Board since November 2019. Mr. Hofmann joined Roark in 2019. He serves on the board of directors of, and is actively involved in, Roark’s investment in OrangeTheory, PartsTown, and Fitness Connection. Prior to joining Roark, Mr. Hofmann spent 13 years with The Home Depot, Inc., most recently as President of Online and Chief Marketing Officer, where he oversaw the strategy, sales and operations of the company’s digital efforts. Concurrent with this role, he also served as the Chief Marketing Officer of The Home Depot, Inc., overseeing the strategic branding, marketing and advertising direction of the company. Previously, Mr. Hofmann led The Home Depot, Inc.’s Home Services businesses, the largest home services business in the United States. Mr. Hofmann joined The Home Depot, Inc. in 2006 as a company officer, where he led technology teams focused on merchandising, stores, e-commerce, supply chain and the company’s international divisions. Prior to joining The Home Depot, Inc., Mr. Hofmann spent 10 years with General Electric Company, where he held Chief Information Officer and Chief Technology Officer roles in a number of the company’s businesses (Healthcare, Renewables, Energy and GE Global Research). Mr. Hofmann started his career and spent eight years with The Dow Chemical Company, working primarily in plastics research and development and in technology. Mr. Hofmann earned a Bachelor of Sciences degree in Computer Science from Central Michigan University.

Richard Maltsbarger is a member of the Board, and President & Chief Executive Officer of the Company since November 2018, Mr. Maltsbarger held multiple positions with Lowe’s Companies Inc. from 2004 to 2018, most recently serving as Chief Operating Officer for United States Operations and previously serving as President of International overseeing operations in Canada and Mexico, and as Chief Development Officer in which he had executive management oversight of strategy, mergers & acquisitions, enterprise and consumer analytics and innovation. Mr. Maltsbarger currently serves on the National Board of Trustees for the National 4-H Council and as an advisor to the University of Missouri System through the Missouri 100. Mr. Maltsbarger earned a Bachelor of Science and a Master of Science in Agricultural Economics from the University of Missouri and a Master of Business Administration from the Olin School of Business at Washington University in St. Louis, Missouri.

Lawrence “Chip” Molloy is Chief Financial Officer of Sprouts Farmers Market, Inc. (“Sprouts”). Prior to taking on this role in 2021, Mr. Molloy served as a member of the Board of Directors of Sprouts from 2013 to 2021, Chair of the Audit Committee from 2013 to 2019 and Chair of the Compensation Committee from 2019 to 2021, and as Interim Chief Financial Officer at Sprouts from June 2019 to February 2020. Previously, Mr. Molloy served as Chairman of the Board of Pet Supermarket from 2020 to 2021 and as a member of the Board of Directors of Torrid Inc. from 2018 to 2021. He also served as Interim Chief Executive Officer of Torrid Holdings Inc. in 2018. Other past experiences include serving as Chief Financial Officer of Under Armour, Inc., Chief Financial Officer of PetSmart, Inc., and as a member of the Board of Directors of Party City Holdco Inc. and Wingstop Inc. Mr. Molloy currently serves as a director of Sally Beauty Holdings, Inc., a position he has held since July 2022 and as Chair of the Audit Committee, a position he has held since January 2023. Mr. Molloy formerly served as a U.S. Navy fighter pilot for 10 years, later retiring from the Naval Reserve with the rank of Commander. Mr. Molloy holds a Bachelor’s Degree in Computer Science from the United States Naval Academy and a Master of Business Administration Degree from the University of Virginia.

Erin Young has served as a member of the Board since May 2021. Ms. Young is the Chief Marketing and Merchandising Officer of McKesson Canada, a position she has held since November 2017. From October 2013 to November 2017, Ms. Young held the position of Chief Marketing Officer with Well.ca. Prior to joining Well.ca, Ms. Young held multiple positions with McKinsey & Company from 2005 to 2013. Prior to that, Ms. Young was the Senior Manager Strategy and Innovation at Loblaw Companies. Ms. Young earned a Bachelor of Commerce from Queen’s University.