At Home has revealed that CFO Judd Nystrom will leave the company. Jeffrey Knudson, currently Senior VP of Finance and Retail Controller at CVS Health, will be his successor. Knudson will take the role effective Sept. 28, 2018 after a transition period.
Nystrom is leaving to “explore other early-stage growth opportunities,” said Lee Bird, Chairman and CEO of At Home in a statement.
“During his time with At Home, Judd has been an integral part of our successful transition from a privately held organization with less than 60 stores and $364 million in revenue, to a thriving public company that has nearly tripled in size,” Bird said. We are grateful for his significant contributions to At Home, and on behalf of the entire company and our Board of Directors, we thank Judd for his outstanding service.”
Advertisement
The change comes at a time when the company is optimistic about its growth. At Home saw Q2 net sales increase 24.3% to $288.5 million,representing the company’s 17th consecutive quarter of 20-plus percent net sales increases, according to Bird in an earnings call. While At Home has less than 170 stores today, Bird indicated that there is potential for as many as 600 in the long term.
Knudson brings more than 20 years of experience in accounting, corporate finance and strategic planning to At Home. Prior to his most recent role at CVS Health, he served as VP of Finance and Accounting at CVS Caremark, Director of Treasury/Mergers and Acquisitions at Limited Brands, Inc., and Director of Mergers and Acquisitions at Express Scripts.
Nystrom had been the CFO of At Home since 2013. Prior to this role, he served as Senior VP of Finance for Advance Auto Parts, where he was responsible for planning and performance management, identifying opportunities to grow the business and improve profitability, corporate procurement and investor relations.
