Mark Butler was the driving force behind Ollie's Bargain Outlet, holding the role of CEO, President, and Chairman since 2013 until his passing in 2019. Known for his retail expertise, he led the company to significant financial growth, with total...
Mark Butler was the driving force behind Ollie's Bargain Outlet, holding the role of CEO, President, and Chairman since 2013 until his passing in 2019. Known for his retail expertise, he led the company to significant financial growth, with total compensations reaching up to $4 million in 2018. Under his leadership, he focused on achieving ambitious EBITDA targets, which directly influenced his bonuses and compensation structure. Butler also had a notable connection to the company's stock, with substantial personal holdings amounting to over 10 million shares. Interestingly, he experienced various salary increases during his tenure, reflecting his strategic importance to Ollie's. His commitment was evident, as he had locked up a significant amount of his wealth in the company's stock, showcasing his belief in the future of Ollie's. Butler's unexpected passing in December 2019 marked a pivotal moment for the company he built, leaving behind a legacy of dedication and growth in the competitive retail landscape.