JOANN Expands Board and Awards CFO Retention Bonus

The latest update is out from JOANN (JOAN).

JOANN, Inc. has expanded its board of directors from six to seven members and appointed Pamela Corrie as a Class I director with her term ending at the 2025 annual stockholders’ meeting. Corrie will receive a fixed monthly fee as part of her Independent Director Agreement and is fully indemnified by the company. Additionally, Scott Sekella, the Executive Vice President and CFO, has been awarded a $400,000 retention bonus, which is subject to repayment conditions if his employment ends within six months of receiving the bonus.

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