hhgregg Adds Michael Andretti to Its Board of Directors
September 16 2016 - 06:00AM
Business Wire
Retailer and Entrepreneur See Eye-to-Eye
When It Comes to Delivering Excellence
hhgregg (NYSE:HGG), a leading appliances, electronics and
furniture retailer, has added Michael Andretti of Andretti
Autosport to its Board of Directors.
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 ventures.
"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 15, 2016.
ABOUT hhgregg
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 products.
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EdelmanSarah Davis(312) 240-3176Sarah.Davis@edelman.com
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