Dive Summary:

• Big Lots announced on Monday that it will re-appoint former board member Russell Solt to his previous position on the board of directors. Solt had previously offered his resignation to the company.
• The company says the decision was made after determining that Solt’s resignation as chairman of the compensation committee was not in the best interests of the company.
• We believe that shareholders are best served by Russell's continued involvement in this process. In addition, Russell's financial expertise, knowledge of our business, and extensive experience in the retail industry make him a significant contributor to the overall work of our board of directors,” states Philip E. Mallott, board chairman for Big Lots.

From the article:

In making its determination, the board considered a number of factors that make Solt well suited to keeping his spot, including his experience as the CFO of other publicly traded retailers, his background in investor relations, his experience as a certified public accountant and his qualification as an audit committee financial expert