Petco Health & Wellness Appoints Jeffrey Naylor to Board, Audit Chair

What Happened
Petco Health & Wellness Company, Inc. filed an 8‑K reporting that director Cameron Breitner resigned effective 12:01 a.m. on August 1, 2026. On August 1, 2026 the Board appointed Jeffrey Naylor as an independent Class I director, effective immediately, to fill the vacancy and to hold office until the next election of Class I directors. The Board also named Mr. Naylor a member and Chair of the Audit Committee. Mr. Breitner’s resignation was not due to any disagreement with the Company.

Key Details

• Effective time of resignation and appointment: 12:01 a.m. on August 1, 2026; appointment announced via press release on August 3, 2026 (Exhibit 99.1).
• Mr. Naylor is deemed independent under Nasdaq rules and Rule 10A-3, qualifying him to serve on and chair the Audit Committee.
• Background: long finance/accounting career including senior roles at TJX Companies (CFO and other senior finance positions), prior CFO roles at Big Lots and Dade Behring; currently serves on the boards of Synchrony Financial and Wayfair.
• Governance note: Mr. Naylor is a designee of the Company’s controlling stockholder, Scooby Aggregator, LP; he has no family ties to Company executives and no reportable transactions under Item 404(a).

Why It Matters
Investors should note the company replaced a departing director quickly and named an experienced finance executive as Audit Committee Chair, which is relevant for financial oversight and regulatory compliance. The appointment also reflects the controlling stockholder’s board influence (Mr. Naylor is a designee of Scooby Aggregator, LP). There were no disclosed disagreements prompting the resignation, and Mr. Naylor will receive standard director compensation and an indemnification agreement per the Company’s policies.