The Vitamin Shoppe announced a number of enhancements to its board of directors, consistent with best-in-class corporate governance practices. The board will rotate the role of lead director for the second time since the Company's October 28, 2009 initial public offering. David Edwab, who served as lead director since April 2011, has stepped down from that role and John Bowlin, who became a member of the Vitamin Shoppe board in October 2014, will now serve as lead director.

Separately, the board intends to add two new independent directors over the next 60 to 90 days. The Vitamin Shoppe will identify one candidate and Carlson Capital, one of the Vitamin Shoppe's shareholders, will propose another candidate (subject to acceptability to the board of directors), under an agreement reached between the Vitamin Shoppe and Carlson Capital. Immediately following the 2016 Annual Meeting of Shareholders, it is expected that the board will return to its current size.

Richard Markee, who has served as the Company's Executive Chairman since March 2011, elected not to renew his employment agreement upon its scheduled expiration, consistent with the Company's long term succession plan. Mr. Markee will remain an integral part of the Vitamin Shoppe in his role as Non-Executive Chairman of the Board.