Highly Accomplished Executives Leverage Vast Experience with Leading Retail Consumer Brands to Guide NHR through Continued Aggressive Growth
Santa Barbara, Calif. – September 12, 2006 – Network Hardware Resale (NHR), the leading provider of pre-owned networking equipment, has announced the addition of Andrew D. Feshbach and Robert C. Lowes, highly accomplished consumer retail brand veterans, to its Board of Directors.
Andrew Feshbach currently is CEO and director of Big Dog Holdings Inc., a developer and retailer of branded, lifestyle consumer products consisting of Big Dogs and The Walking Company. Under his leadership, Feshbach has grown Big Dogs from four stores to a well-known national retail chain with approximately 200 locations. The company has generated more than $1 billion in total sales and been profitable every year since Feshbach took over the organization. The company, which went public in 1997, acquired specialty footwear maker The Walking Company Inc. in 2004. The combined enterprises have annual sales of some $225 million.
Robert Lowes brings to NHR’s board a wealth of experience from building and turning around high-profile businesses worldwide. He has held the position of chairman and CEO of Burger King Corporation, managing director of Grand Metropolitan Foods Europe as well as CFO of Tricon, Pillsbury and Oscar Mayer Foods. During his highly successful career, Lowes led a long list of worldwide consumer brands, including Taco Bell, Pizza Hut, Kentucky Fried Chicken, Burger King, Haagen-Dazs, Oscar Mayer and others to record development, earnings and market share. Currently, he is an adjunct professor of economics at University of California, Santa Barbara.
“We are incredibly pleased and honored to welcome Andy and Bob to our board,” said Mike Sheldon, president and CEO of Network Hardware Resale. “With their outstanding track records for building, expanding and maintaining high-profile businesses in very competitive markets, they will serve as valuable advisors in guiding NHR’s continued aggressive growth and global expansion as we enter our third decade of operation.”
Founded in 1986, NHR has expanded steadily while achieving 25 consecutive quarters of profitability. Record financial results for the first half of 2006, representing a 35 percent increase over the same period last year, reinforce NHR’s goal to reach expected revenue projections of $135 million for the year. The company continues to broaden its product portfolio as well as expand its international footprint, providing more than 10,000 customers with a full range of complete network fulfillment, disaster recovery, testing and sparing as well as asset recovery solutions.