Five Below Appoints Markee To Board

Five Below has appointed Richard Markee to its board of directors. He replaces David Mussafer, who stepped down as a director.

Markee brings more than 39 years of retail industry expertise to the Five Below board. He currently serves as non-executive chairman of the board for Vitamin Shoppe Industries, where he has held various executive leadership roles including executive chairman of the board, CEO and chairman of the board since 2007. Prior to Vitamin Shoppe, Markee spent four years in several executive leadership roles within Toys “R” Us and its subsidiaries.

“Richard is a highly regarded retail industry veteran and we are thrilled to welcome him to Five Below’s board,” said Tom Vellios, executive chairman of Five Below. “His deep expertise and insight in leading large retail organizations will be extremely valuable as we continue to execute on our growth strategy and expand our footprint in new and existing markets. We are confident that his knowledge and perspective will strengthen our board as we continue to build value for our shareholders.”