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Tandy Leather Appoints New Chief Financial Officer

Tandy Leather Factory, Inc. (the "Company") announced that Steve Swank is joining the Company as its Chief Financial Officer, effective July 6, 2020.  Mr. Swank joins Tandy Leather from Sears Hometown Stores, Inc., where he was the Vice President, CFO and Treasurer.  Michael Galvan, the Company's Interim CFO, will remain with Tandy through the completion of the restatement and in a consulting role.

Mr. Swank brings over 25 years of finance, accounting, planning and other relevant experience in a broad range of retail companies, including Sears-branded companies, where he spent the last 11 years, Fossil Group and CompUSA.  He has worked in both public and private companies and in both large organizations and small.  Coming full circle, Mr. Swank started his career at Fort Worth-headquartered Tandy Corporation in buying and merchandising.

"We are thrilled to have Steve join our team to lead our Finance and Accounting function and to play a key role in Tandy's transformation story.  His broad range of finance roles and deep retail experience, combined with his proven team-building and strategic thinking skills, make him an excellent and unique fit for our team," said Janet Carr, CEO of the Company.  "We want to thank Mike Galvan for his invaluable contributions, in particular to our restatement effort, and his hard work and commitment to helping us get over the finish line in August."

"It's an exciting time to be joining Tandy Leather," Steve Swank said.  "I'm looking forward to being part of the team that can take this 100-year-old heritage brand onto a path of growth to unlock value for shareholders."

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