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Les Schwab Names Long-Time Retailing Pro as New CEO

Tom Nolan, with over 20 years in retail leadership and CEO experience at Kendra Scott, will lead Les Schwab's 600+ locations to drive growth and operational excellence.

  • Les Schwab announced on March 5, 2026, that Tom Nolan will become CEO and Chairman, effective April 7, 2026, according to the company’s statement.
  • His prior role as CEO of Kendra Scott and experience at Ralph Lauren and Condé Nast contributed to Nolan's selection.
  • Breaking with tradition, the Les Schwab board said Nolan will succeed Mike Broberg, who is stepping down after nine years and will stay through early April to support transition.
  • Schwab's size means it employs over 8,000 people at more than 600 locations; Nolan will relocate to Bend, Oregon, and has been owned since 2020 by Meritage Group.
  • Jack Cuniff, member of the Les Schwab Board of Directors, said 'Tom has an entrepreneurial mindset and a proven track record of scaling iconic consumer brands', reflecting the board's confidence.
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Les Schwab Announces Leadership Transition, Building on a Trusted 74-Year Legacy

BEND, Ore., March 5, 2026

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The Billings Gazette broke the news in Billings, United States on Friday, March 6, 2026.
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