Grocery Outlet appoints Kobayashi and Molloy to board; Alterman and Herman to retire Aug. 7

Grocery Outlet Holding Corp.

Michael Kobayashi and Chip Molloy appointed as Class I directors effective June 26, 2025, both to serve on Audit and Risk Committee.
Kobayashi brings retail tech and supply chain experience from 20+ years at Ross Stores; Molloy brings financial leadership from Sprouts Farmers Market.
Both are independent; Molloy qualifies as audit committee financial expert under SEC rules.
Kenneth Alterman and Thomas Herman plan to retire August 7, 2025; departures are not due to any disagreement with the Company.
Board size temporarily expanded from 10 to 12, then reduced to 10 upon retirements, leaving eight independent directors.

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