Mark Butler Ollies death, obituary: Mark Butler Ollies died unexpectedly December 1, 2019 while spending the Thanksgiving Holiday weekend with his family. He was 61 years old.
Mark Butler Ollies death was announced by the board of directors of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) in a statement that said:
“Mark was an exceptional entrepreneur, merchant, leader, philanthropist, friend and family man.
From ringing the first sale in the first Ollie’s store in Mechanicsburg, PA in 1982, to leading the Company’s highly profitable growth to 345 stores in 25 states, Mark built a successful and enduring retail concept, assembled an incredible team, created thousands of jobs and delivered millions of bargains to our customers, while delivering exceptional shareholder value along the way.”
“We will dearly miss Mark and extend our heartfelt sympathy and condolences to Mark’s entire family.”
John Swygert is now the interim President and CEO effective immediately. John has been serving as Executive Vice President and Chief Operating Officer since January 2018 and prior to this served as Ollie’s Chief Financial Officer since 2004.
Board member Richard Zannino on behalf of the entire board of directors said:
“During his 15 year tenure, John worked closely with Mark and played an integral role in the growth and success of Ollie’s. Together, they built a talented, passionate and high-performing management team.
Based on John’s intimate knowledge of the Company and the closeout business, and the strength and tenure of the Ollie’s team, the board has the utmost confidence in John’s ability to successfully lead the Company at this time. We will continue to support them in every way possible.”
Please say a prayer for Mark Butler Ollies grieving family and loved ones. May his soul rest in perfect peace.