hhgregg Adds Michael Andretti to Its Board of Directors
Retailer and Entrepreneur See Eye-to-Eye When It Comes to
(NYSE:HGG), a leading appliances, electronics and furniture retailer,
has added Michael Andretti of Andretti Autosport to its Board of
Andretti currently serves as the chairman, president and CEO of Andretti
Autosport, the team he co-founded in 2002 when he hung up his helmet and
set out to parlay his on-track success into prosperous new business
"Michael has proven to be a results-driven professional in both his
racing and business careers," said Cathy Langham, Chairperson of the
Board of Directors of hhgregg. "I am eager to add his vision, marketing
and leadership experience to the board dynamic."
As a driver, Michael had arguably one of the most successful careers in
CART history, with an astounding 42 victories. After stepping out of his
car, he co-founded Andretti Green Racing, which would eventually be
named Andretti Autosport. Since its inception, his team has been a model
of consistency, with over 150 victories across various racing platforms
and including nine championships in four different series, four
Indianapolis 500 wins and two X Games Gold Medals.
"We're thrilled to bring Michael onto the hhgregg team because, first
and foremost, he has always been a proven winner, both on the track and
off," said Bob Riesbeck, President & CEO of hhgregg. "He embodies
everything hhgregg stands for: entrepreneurial spirit, innovative
products, focus and determination, and a commitment to excellence that
is second to none."
It's that entrepreneurial spirit that has taken the Andretti business
not just to the winner's circle, but extending beyond its IndyCar roots.
In 2005, he played an instrumental role in spearheading the IndyCar
Series first-ever street course event in St. Petersburg, FL. Behind
Andretti's savvy business and marketing acumen, the race was a
monumental success and since has grown into one of the premier weekends
for the racing Series.
He has also recently launched his brand into other racing arenas with
much success; now competing in Global Rallycross and the FIA Formula E
Championship, taking on new challenges and crossing his brand over into
new global audiences.
"I'm proud to be a part of the hhgregg team," said Andretti. "As an
Indianapolis-based company, I've always been aware of their strong
presence both locally and nationally. I'm looking forward to bringing
some of the Andretti team vision to the position and helping them
continue to build a formidable brand."
Andretti will begin serving on hhgregg's Board of Directors on September
Founded in 1955, Indianapolis-based hhgregg is a multi-regional retailer
with 220 brick-and-mortar stores in 19 states. hhgregg's product
assortment includes market-leading brands in home appliances, consumer
electronics and technology for the home. The retailer's online presence (hhgregg.com)
give consumers nationwide access to global and local lifestyle home
View source version on businesswire.com: http://www.businesswire.com/news/home/20160916005077/en/
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