Mr. Smith is an Operating Partner at Tricap Partners & Co., working closely with client companies on management and strategic issues. He previously served as Chairman of the Board and Chief Executive Officer of The Sports Authority, Inc., a company that he founded in 1987 and led through its initial public offering in 1994. In 1998 Mr. Smith relinquished his responsibilities as CEO, but continued as Chairman of the Board until his resignation in 1999. He formerly served as Chief Operating Officer of Herman’s Sporting Goods, a W.R. Grace company. Prior to Herman’s, he served in executive management positions with other major retailers, including Sears & Roebuck, Montgomery Ward and Jefferson Stores. He was also President and Chief Executive Officer of Diana Shops, a national chain of women’s apparel.
Mr. Smith is active in community affairs and during his tenure, he and The Sports Authority have been recognized with industry awards which include the 1998 Team Licensing Business Retailer of the Year; the Sporting Goods Dealer 1996 Leadership Award to a National Chain; the 1996 Award for management Excellence in Sporting Goods presented by Kurt Salmon Associates; “Trendsetter of the Year”, Sports Trend Magazine (1996); Rawlings Sporting Goods Award as Industry Executive of the Year (1992) and Discount Store News’ “Specialty Retailer of the Year” (1991 and 1995); and “Best New Retail Concept”, Inc. Magazine (1989). SportStyle Magazine voted him among the 100 Most Influential People in the Sporting Goods Industry. In addition, Mr. Smith was invited by former President Bush for a White House briefing launching the President’s Drug Advisory Council’s “Drugs Don’t Work” program, in recognition of The Sports Authority’s drug-free workplace initiative.
Mr. Smith serves on the Board of Governors of Nova Southeastern University, where was inducted into Nova’s Entrepreneur Hall of Fame in 1995, and he currently serves on the Board of Directors of Fiesta Restaurant Group Inc (NASDAQ: FRGI), a company which owns, operates, and franchises fast-casual restaurants in the United States. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brand names. The companys Pollo Tropical restaurants offer a selection of tropical and Caribbean food; and Taco Cabana restaurants provides a selection of Tex-Mex and traditional Mexican food. As of December 30, 2012, it owned and operated 91 Pollo Tropical restaurants, and 160 Taco Cabana restaurants; and franchised 35 Pollo Tropical restaurants and 8 Taco Cabana restaurants in the United States, Puerto Rico, Ecuador, Honduras, Trinidad, the Bahamas, Venezuela, Costa Rica, and Panama.
Mr. Smith previously served as a member of the board of Carrols Restaurant Group, Inc. (NASDAQ: TAST), an operator of regional restaurant companies, including numerous a Burger King franchisees; he previously served as a Director of Darden Restaurants (NYSE: DRI) for fifteen years, also serving as chairman of the audit committee; he served as a member of the board of BevMo!, wine and spirits company previously owned by Madison Dearborn Partners; he was a member of the board of Compex Technologies Inc., (NASDAQ: CMPX) a medical device manufacturer; and he served on the board of Pangea, Inc., a consumer products company.
Mr. Smith holds a BA from Temple University.