Business
Vera Bradley, Inc. Announces Seasoned Financial Executive and Entrepreneur Nancy Twine to Join Board of Directors
– Addition of Twine will expand female board percentage to 60% – – Board member Michael Miller to retire in June 2021 – FORT WAYNE, Ind., May 19, 2021 (GLOBE
About this update from Vera Bradley, Inc.
[{"type":"text","content":"– Addition of Twine will expand female board percentage to 60% – – Board member Michael Miller to retire in June 2021 – FORT WAYNE, Ind., May 19, 2021 (GLOBE NEWSWIRE) -- Vera Bradley, Inc. (NASDAQ: VRA) (the “Company”) today announced that Nancy Twine, seasoned financial executive and Founder and Chief Executive Officer of Briogeo Hair Care, has been nominated to join its Board of Directors. Twine will replace director Michael Miller upon his retirement from the Vera Bradley, Inc. Board in June 2021, and with this appointment, the Company will have 60% female board representation and be one of just a few public companies with a female majority board. “We are thrilled that Nancy Twine is joining the Vera Bradley, Inc. Board,” commented Rob Wallstrom, Chief Executive Officer of the Company. “Nancy’s entrepreneurial and retail experience and insight, along with her strong financial background, millennial perspective, and diverse background, will be invaluable as we continue to execute our vision of expanding our purpose-driven, multi-lifestyle-brand, high-growth company.” In 2014, Twine departed her position as Vice President of Commodities Sales and Trading at Goldman Sachs in New York City to officially launch Briogeo Hair Care: a line of carefully crafted, clean hair care that offers effective solutions for persons with every hair type, hair texture, and ethnicity. Growing up, Twine learned to create simple, clean, homemade beauty products alongside her mother in their home kitchen, using naturally nourishing ingredients from the local health food store. These fond childhood memories, coupled with her own beauty industry research, made Twine realize she wanted to make an impact on the natural beauty world. Today, Briogeo retails in over three thousand prestige beauty stores globally, is one of the fastest-growing hair care brands at Sephora, and is one of the largest, independent Black-owned prestige beauty brands in the U.S. The brand focuses on personalized, healthy hair routines that celebrate diversity and has received numerous accolades for its innovative “6-free” formulas (NO harsh sulfates, silicones, phthalates, parabens, DEA + artificial dyes). All Briogeo products are also cruelty-free, gluten-free, and mostly vegan. Wallstrom added, “Fundamentals and values that are important to Nancy and her company, like the enviro...