‘Magic’ Changes Are Happening On the Fanatics Board of Directors

Fanatics has appointed legendary basketball player Earvin “Magic” Johnson to its Board of Directors. Johnson joins as an independent board member, alongside Mindy Grossman, CEO of Weight Watchers International, and Jerry Storch, Founder and CEO of Storch Advisors.

Johnson, a three-time NBA MVP who led the Los Angeles Lakers to five NBA championships, is a member of the Naismith Memorial Basketball Hall of Fame. He is the Chairman and Chief Executive Officer of Magic Johnson Enterprises, and in 2012 became a co-owner of the Los Angeles Dodgers and multiple other sports teams. His company played a pivotal role in expanding the coffee chain, Starbucks, from 1998 to 2010.

“Magic’s success in business rivals that of his success on the basketball court, and we are incredibly excited to have him join our team and help propel Fanatics forward,” said Fanatics Executive Chairman, Michael Rubin in a press release. “He’s an NBA legend and a titan in the business world, but more importantly he recognizes and leverages his platform to advance diversity and inclusion across all business sectors. He will provide invaluable direction as Fanatics continues to play a leadership role in reimagining the entire licensed sports industry.”

In recent years, Johnson has invested millions of dollars to improve infrastructure in the United States and is a lead investor in multiple minority-owned technology companies. His move to join the Fanatics Board comes at a time when the company has been actively looking at innovative, tech-infused approaches to market and sell their products.

“It’s an honor to be invited to join the Fanatics Board of Directors. I’ve been impressed with the evolution of the company and its ability to transform the industry over the past several years,” said Johnson in a press release. “I am eager to be a part of its future growth and innovation that will continue across multiple sectors.”

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