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Petco taps former Five Below, Walmart exec as CEO of the San Diego company

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Petco chose the former CEO of a discount retailer as its new leader.

Petco, San Diego’s pet health and wellness company, has named an experienced retail executive to lead the company following a months-long CEO search.

“Joel is an inspirational leader and a highly experienced retail CEO,” said Glenn Murphy, executive chairman of Petco’s board of directors in the announcement. “Over the course of his impressive career he has demonstrated the ability to build and lead great teams while creating significant shareholder value. I look forward to working closely with him as he leads Petco’s initiatives to improve operating and financial results.

A veteran of the retail and consumer goods business, Anderson served in leadership roles over a 14 year span at tableware and gift company Lenox Group and Toys “R” Us.Petco Health and Wellness Company has hired Joel D. Anderson as its new CEO. He will join the San Diego company at the end of July. Anderson is credited with expanding Five Below’s footprint from 366 to more than 1,500 stores, launching its e-commerce site and improving revenue growth from $500 million to more than $3.5 billion.

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