PetSmart shakes up board amid leadership transition

PHOENIX — PetSmart's board of directors has named Gregory P. Josefowicz its non-executive chairman. Josefowicz has served as a director since 2004 and as lead director since 2006.

Chairman and CEO Bob Moran will not stand for election as a director at the company’s 2013 annual stockholder meeting. As previously announced, David Lenhardt, current president and COO, will become the CEO of PetSmart at that time.

“It is an honor and a privilege to serve as the next chairman of the board of PetSmart. I am joined by seasoned members of the PetSmart board, all of whom are focused on enhancing shareholder value,” said Josefowicz. “On behalf of the board, we appreciate Bob’s service and contributions throughout the past 14 years. Both the board and Bob agree that now is the right time for Bob to step down from the board and to move forward with the company’s next phase of growth and development.”

“David’s transition to the CEO role has been exceptionally smooth. As such, I think it is in the best interests of the company that I step aside and let David put his own stamp on PetSmart,” said Moran. “PetSmart is well-positioned and I am confident in the company’s future under David’s direction and leadership.”

From 1999 until his retirement in 2006, Josefowic