Five Below Welcomes Retail Strategist Karen Bowman to Board of Directors

Five Below

PHILADELPHIA, PA — Discount retailer Five Below, Inc. (NASDAQ: FIVE) has announced the recent appointment of Karen Bowman to its Board of Directors. The addition, effective from January 24, 2024, expands the board to twelve directors, four of whom are women.

Thomas Vellios, Chairman of the Board at Five Below, expressed his enthusiasm over Bowman’s appointment. “With over three decades of professional and consulting experience spanning diverse industries, including a keen focus on the consumer sector, Ms. Bowman brings valuable insights and strategic acumen to our team,” said Vellios. “Her track record of driving growth and innovation aligns with our corporate vision.”

For investors and stakeholders, Bowman’s addition is a positive development, signaling Five Below’s commitment to harnessing industry expertise to drive continued growth and shareholder value. Her extensive experience in business transformation, particularly within the consumer sector, could prove invaluable as the company navigates the evolving retail landscape.

Bowman currently holds prominent roles at Deloitte, serving as Global Boardroom and Executive Program Leader and US Vice Chairman and National Sector Leader for the Automotive Industry. Her past roles include membership on the US Deloitte Board of Directors and the Board of Directors for Deloitte Consulting LLP. With over 30 years of professional and consulting experience across a broad range of industries, Bowman’s expertise lies in helping clients transform their businesses and align their people and business strategies.

“I could not be more excited to join the Board of Directors at Five Below,” said Bowman. “My passion lies in the consumer industry, where I’ve witnessed firsthand the transformative power of innovation and customer-centric strategies.”

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The retail industry insiders will closely watch this development as it may signal new strategic directions for Five Below. The company’s ability to attract such high-profile talent is a testament to its position in the market and its potential for future growth.

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