Petco Health and Wellness Company, Inc. announced the appointment of R. Michael (Mike) Mohan to serve as Interim Chief Executive Officer effective March 13, 2024. Ron Coughlin has stepped down as Petco's Chief Executive Officer. He will serve as an advisor to the Board to support the leadership transition.

The Board is conducting a comprehensive search for a permanent CEO with the support of a leading global executive search firm. Mohan, age 56, is a highly accomplished and seasoned retail leader who has served on the Petco Board since March 2021 and as Lead Independent Director since July 2021. As the former President and Chief Operating Officer of Best Buy Co., Inc., he was responsible for all aspects of global operations, including sales, merchandising, marketing, supply chain management, services, and new business initiatives across more than 1,000 stores and online channels worldwide.

R. Michael (Mike) Mohan has been a member of Petco's Board of Directors since March 2021 and served as Lead Independent Director since July 2021. He also served on the Audit Committee until his appointment as Petco's Interim CEO. Previously, Mr. Mohan served as President and Chief Operating Officer of Best Buy Co., Inc. from June 2019 to July 2021, where he was responsible for the operations of the company's U.S. and International businesses.

From 2004 to June 2019, he served in various leadership roles at Best Buy, overseeing services, customer experience, category management, merchandising, marketing and supply chain functions. Prior to joining Best Buy, Mr. Mohan was Vice President and General Merchandising Manager for Good Guys. Mr. Mohan also previously worked at Future Shop in Canada from 1988 to 1997, prior to Best Buy's acquisition of the company, where he served in various merchandising roles.

Mr. Mohan also serves as Chairman of the board of directors of Bloomin' Brands, Inc., and serves on the board of directors of VIZIO Holding Corp. and Jackson Family Wines.