BIRMINGHAM, Ala. -- Hibbett Sports, Inc. (NASDAQ/GS: HIBB), a sporting goods retailer, announced today the promotion of Terry Mayfield, formerly the Company’s Director of Information Systems, to Vice President and Chief Information Officer, effective immediately.
Mr. Mayfield joined Hibbett as Project Manager in July 2005 to manage the Company’s JDA systems implementation. He was subsequently promoted in August 2006 to Director of Information Systems. Prior to joining Hibbett Sports, Inc., Mr. Mayfield had spent the last 30 years in various IT roles. His most recent was as a Vice President at Source Medical Solutions.
Commenting on the announcement, Mickey Newsome, Chairman and Chief Executive Officer, said, “We are fortunate to have someone with Terry’s vast experience as a part of our management team. We believe strongly that continued investments in our systems area will be vital to our future growth and profitability. It is our goal to be recognized in our industry as a leader in this area, and we believe that with Terry’s leadership we can achieve that goal.”
Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, predominately in the Southeast, Southwest, Mid-Atlantic and the lower Midwest regions of the United States. The Company’s primary store format is Hibbett Sports, a 5,000-square-foot store located in dominant strip centers and enclosed malls.
A WARNING ABOUT FORWARD LOOKING STATEMENTS: Certain matters discussed in this press release are "forward looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward looking statements address future events, developments or results and typically use words such as believe, anticipate, expect, intend, plan, forecast, guidance, outlook, or estimate. For example, our forward looking statements include statements regarding store opening plans, liquidity and earnings and sales expectations for Fiscal 2010. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including economic conditions, industry trends, merchandise trends, vendor relationships, customer demand, and competition. For a discussion of these factors, as well as others which could affect our business, you should carefully review our Annual Report and other reports filed from time to time with the Securities and Exchange Commission, including the "Risk Factors," "Business" and "MD&A" sections in our Annual Report on Form 10-K filed on March 31, 2009. In light of these risks and uncertainties, the future events, developments or results described by our forward looking statements in this document could turn out to be materially and adversely different from those we discuss or imply. We are not obligated to release publicly any revisions to any forward looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.