Former Clarcor CEO Norm Johnson has been elected to the board of Cracker Barrel Old Country Store.
Johnson's election is effective immediately and brings to seven the number of people who have joined the board of Lebanon-based Cracker Barrel in the past 18 months — roughly since activist investor Sardar Biglari began pushing for big changes at the chain. Among the other execs to have joined are veterans of Starbucks and Walmart. More recently, Executive Chairman Mike Woodhouse said he would step down in November to make way for Owen Graduate School of Management Dean Jim Bradford, who was elected to the board in the summer of 2011.
Johnson, 63, stepped down from his operating roles at Clarcor late last year and became executive chairman. He had led the Franklin-based filtration and packaging product maker for 11 years.
“We’re very pleased that Norm has agreed to join our Board and look forward to the experience and judgment he brings to the board room as we continue to strengthen the Cracker Barrel brand and enhance our operations," said Cracker Barrel President and CEO Sandy Cochran. “Norm has extensive operational and managerial experience and a history of creating shareholder value. He will add valuable perspective to our board.”
Shares of Cracker Barrel (Ticker: CBRL) are down about 1 percent to roughly $62.40 in early Monday trading. Year to date, they're up about 23 percent.