Tag Archives: leave the company

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Gap brand president and CEO Jeff Kirwan to leave the company

SAN FRANCISCO, 2018-Feb-21 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (February 20, 2018) announced that Jeff Kirwan, president and CEO of Gap brand, will leave the company.

“Under Jeff’s leadership we made significant progress on the operating model of Gap brand. We are faster and more responsive than ever before, we radically improved quality and fit, and we centered the brand on the aesthetic that our customers love: casual, optimistic and American. We have also seen the results of exceptional marketing and customer engagement reflected in increased traffic, improved sales and the strength of the digital business” said Art Peck, chief executive officer of Gap Inc.

“While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand. As we move into the brand’s next phase of development, Jeff and I agreed it was an appropriate time for a change in leadership,” Peck continued.

A search is underway for a new president of Gap brand. In the interim, Brent Hyder, current Gap Inc. EVP, Global Talent and Sustainability will oversee the brand. Prior to his current role, Hyder served as Chief Operating Officer at Gap brand. He also served as Vice President and General Manager of Gap Japan K.K., leading all aspects of the Gap Inc. business in Japan.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

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HBC President Don Watros to leave the company

TORONTO & NEW YORK, 2017-Aug-28 — /EPR Retail News/ — HBC or the “Company” (TSX: HBC) today (August 24, 2017) announced Don Watros has made the decision to leave HBC effective September 29, 2017.

“With a seasoned leadership team in place in Europe and our plans to bring Hudson’s Bay to the Netherlands and Saks OFF 5TH to Europe coming to fruition, the time is right for me to pursue my next chapter,” said Mr. Watros. “I look forward to following the Company’s continued growth.”

“Don has been a great partner in supporting the growth and integration of HBC’s businesses over the years and was instrumental in HBC entering Europe and helping to establish our structure there,” said Richard Baker, Governor and Executive Chairman, HBC. “We are grateful for his dedication to the Company and wish him the best in his next endeavor.”

“We greatly appreciate Don’s contributions to HBC during his long tenure with the Company, especially his work to bring HBC to Europe and support the establishment of our office there,” said Jerry Storch, CEO, HBC. “I’m pleased that we have a strong team in place to continue to execute on our strategy in Europe, as we invest in Galeria Kaufhof, grow Saks OFF 5TH in Germany and enter the Netherlands with Hudson’s Bay and Saks OFF 5TH.”

An industry veteran, Mr. Watros has been with HBC for 11 years and has seen the Company through major growth. He was appointed President, HBC International in January 2015. Previously, he served as President of HBC and before that as COO of the Company. Prior this role, he was Managing Director of Retail Operations at NRDC Equity Partners during the acquisitions of Lord & Taylor and Hudson’s Bay Company. Mr. Watros has also served as the Chairman of the Galeria Kaufhof Supervisory Board since October 2015. The Supervisory Board will elect a new Chairman at its meeting in October.

About HBC
HBC is a diversified global retailer focused on driving the performance of high quality stores and their all-channel offerings, growing through acquisitions, and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 66,000 employees around the world.

HBC’s leading banners across North America and Europe include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Galeria Kaufhof, the largest department store group in Germany, and Belgium’s only department store group Galeria INNO.

HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

For more information, visit our website.

INVESTOR RELATIONS:
Elliot Grundmanis
646-802-2469
elliot.grundmanis@hbc.com

MEDIA CONTACT:
Andrew Blecher
646-802-4030
andrew.blecher@hbc.com

Source: Hudson’s Bay Company

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J.Crew Group President and Executive Creative Director Jenna Lyons to leave the company

NEW YORK, 2017-Apr-05 — /EPR Retail News/ — J.Crew Group, Inc. (the “Company”) announced today (April 3, 2017) that Jenna Lyons, President and Executive Creative Director, will be leaving the Company.  Ms. Lyons will remain with J.Crew as a creative advisor until the end of her current contract, which expires in December 2017.

Ms. Lyons has been with J.Crew for 26 years and has served as President and Executive Creative Director since 2012.  Prior to 2012, Ms. Lyons held various design positions across the organization.  J.Crew will not be replacing Ms. Lyons. Her current responsibilities, which include the oversight of all product design, visual and brand presentation, will be transitioned to other members of the J.Crew executive team.

Somsack Sikhounmuong, currently Head of Women’s Design, will be promoted to Chief Design Officer which will include the oversight of the women’s, men’s and crewcuts design teams, effective immediately. Mr. Sikhounmuong has been with J.Crew since 2001, in senior design roles, and from 2013-2015 served as Head of Design for Madewell where he was a key contributor to the brand’s success.  Mr. Sikhounmuong will report directly to Millard Drexler, Chairman and CEO.

Mr. Drexler stated, “It has been an absolute pleasure to work with Jenna as my trusted partner for the past 14 years.  She has made many significant contributions to J.Crew and has built an incredibly talented team.  J.Crew is focused on continuing the progress underway as we execute on our strategic initiatives and position the Company for the long term.  We have taken important steps to improve our performance and are confident that the team in place will continue these efforts.”

Drexler continued, “Somsack and our design teams have a deep understanding of the aesthetic and style our customers rely on J.Crew to deliver, with a proven track record of driving creative vision in-line with our brand DNA.  We are excited to extend Somsack’s vision across all design categories and look forward to the team’s contributions.  As always, delivering the very best product, value and brand experience across channels is our top priority.  We look forward to this next chapter and thank Jenna for her continued dedication to our team and passion for our brand.”

Ms. Lyons stated, “It has been beyond my wildest dreams to work with such an amazing team of people at such an incredible brand and alongside Mickey — one of retail’s most talented visionaries.  I am excited about the next chapter for J.Crew as well as the opportunity for other creative leaders within the organization to step up and take on new responsibilities. Having spent the better part of my life with J.Crew, I feel an immense pride and love for everyone at the Company as well as for our loyal J.Crew customers.  I look forward to supporting our team through this natural transition.”

J.Crew continues to make meaningful and strategic changes across the organization to better position it for future growth.  The Company has been strengthening its operations to be able to move more quickly to address today’s fast changing world, focusing on sales productivity with new merchandising and marketing initiatives, which are expected to enhance customer loyalty and extend brand reach.  Several other key operational initiatives are underway to position the Company to optimize its global sourcing and supply chain, with continued reviews of all aspects of the business to drive further efficiencies in the year ahead.

About J.Crew Group, Inc.

J.Crew Group, Inc. is an internationally recognized omni-channel retailer of women’s, men’s and children’s apparel, shoes and accessories. As of March 21, 2017, the Company operates 281 J.Crew retail stores, 113 Madewell stores, jcrew.com, jcrewfactory.com, the J.Crew catalog, madewell.com, the Madewell catalog, and 180 factory stores (including 39 J.Crew Mercantile stores). Certain product, press release and SEC filing information concerning the Company are available at the Company’s website www.jcrew.com.

Forward-Looking Statements:

Certain statements herein are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements reflect the Company’s current expectations or beliefs concerning future events and actual results of operations may differ materially from historical results or current expectations.  Any such forward-looking statements are subject to various risks and uncertainties that are set forth in the Company’s Form 10-K and in all filings made with the SEC made by the Company subsequent to the filing of the Form 10-K.  The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Tel: +1 434 385 5775
Email: help@jcrew.com

SOURCE: J. Crew Group, Inc.

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JACK & JONES and SELECTED Brand Director Morten Mortensen to leave the company

JACK & JONES and SELECTED Brand Director Morten Mortensen to leave the company

 

BRANDE, Denmark, 2016-Dec-15 — /EPR Retail News/ — After 27 years, JACK & JONES and SELECTED Brand Director Morten Mortensen hands over the torch to his management team.

“Morten has been a large part of BESTSELLER for more than 27 years, where he has been responsible for our men’s wear department since the start-up of JACK & JONES. Since then, we have seen SELECTED emerge and together, these two businesses make up a considerable share of our company and our results”, says Anders Holch Povlsen.
Through the past many years, Morten has been a driving force behind creating successful brands. His approach to building a strong brand through the ultimate menswear store ‘Men’s Comfort Zone’, his approach to collaboration with wholesale customers, his respect for the end consumers and not least his passion for management, training and the continuous development of talents has been impressive, and of great significance for BESTSELLER.

“On our company’s, my family’s and my own behalf, I would like to express our deep gratitude and respect for Morten and the cooperation that has always meant a lot to us,” Anders Holch Povlsen finishes.

Throughout the years, Morten has built a strong management team in JACK & JONES and SELECTED, and the plan is for this team to take over where Morten left and continue building strong healthy brands in BESTSELLER.

Morten Mortensen says:  “I’d like to give a big thank you to Merete, Troels and Anders Holch Povlsen for giving me the opportunity to start, develop and lead JACK & JONES and SELECTED on this long journey. It has been the most joyful trip, and I owe a big thank you to all the dedicated colleagues that have travelled with me along the way. BESTSELLER has been a big part of my life so far, but I feel it is time to try something else. I have no concrete plans for the future, but I have thousands of ideas, and I look very much forward to be spending more time with my family,” says Morten Mortensen.

Contact:

contact@bestseller.com
+45 99 42 32 00

Source: Bestseller

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Gap Inc. EVP and CFO Sabrina Simmons to leave the company

SAN FRANCISCO, 2016-Nov-05 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (November 2, 2016) announced that executive vice president and chief financial officer Sabrina Simmons will be leaving the company. Simmons will remain with Gap Inc. through the end of the 2016 fiscal year, ensuring a seamless transition over the coming months.

“Throughout her 15-year tenure, Sabrina has been one of our most passionate and respected leaders. She was critical in establishing Gap Inc.’s capital structure framework and maintaining operating discipline across the enterprise, both of which have delivered significant value to our shareholders,” said Art Peck, chief executive officer of Gap Inc.

“Since I assumed the CEO role two years ago, Sabrina has been an instrumental partner in helping the company transition to a new leadership team. With that period of transition behind us, Sabrina and I agreed that this was an appropriate time for a change in the organization and for her to pursue the next chapter in her career. Sabrina and I will work together to ensure an orderly transition in the coming months. Most of all, I am grateful for her partnership and for all that Sabrina has contributed to Gap Inc.,” Peck added.

Simmons said, “I feel very fortunate to have spent a meaningful part of my career at Gap Inc., and I’ll always be grateful to the Fisher family, to my colleagues, and to my team for the opportunities I’ve had with the company.”

Since joining Gap Inc. in 2001, Simmons has progressed through positions of increasing responsibility from vice president and treasurer to executive vice president. Simmons has served as the company’s CFO since late 2007. Most recently, her responsibilities have included all global financial functions, including corporate and brand financial planning and analysis, treasury, risk management, tax, investor relations, controllership, corporate shared service centers, and internal audit, in addition to real estate, loss prevention, and corporate facilities.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

Investor information:

investor_relations@gap.com
650-952-4400

Source: Gap Inc.

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M&S Executive Director Multi-Channel Laura Wade-Gery to leave the company

LONDON, 2016-Sep-13 — /EPR Retail News/ — M&S today (12 Sep 2016) announces that it has agreed with Laura Wade-Gery that, following her maternity leave, Laura will not be returning to her position as Executive Director, Multi-Channel, and will be leaving the company at the end of September. Laura will step down from the Board with immediate effect. There are no further changes to the previously announced responsibilities covering her maternity.

Commenting on the announcement, Robert Swannell, Chairman of Marks and Spencer Group plc, said: “On behalf of the Board, I would like to thank Laura very much for the significant contribution she has made in her five years at M&S.  Laura has been a valued member of the Board and instrumental in the improvement and modernization of our e-commerce and multi-channel capabilities. We wish her all the very best for the future.”

Steve Rowe, Chief Executive, said: “Laura has been a great colleague and has achieved much in her role heading our multi-channel business.  I am grateful to Laura for her contribution and she leaves M&S with my personal thanks and best wishes.”

Laura Wade-Gery said: “I have had five very happy years at M&S. I’ve been away from the business for a year now, and that time has seen some significant changes in both my personal life and in the business. I concluded that the time was right to move on from M&S. I wish Steve and all my colleagues and friends every success”.

Remuneration:
The following information is provided in accordance with section 430(2B) of the Companies Act 2006:

  • Laura Wade-Gery’s remuneration terms will be in line with the key provisions for contract termination as per Marks and Spencer Group plc’s Executive Remuneration Policy approved by shareholders in 2014.
  • Laura will receive monthly payments of up to a maximum of eight months’ salary and benefits, subject to mitigation.
  • Any unvested nil-cost options awarded to Laura Wade-Gery under the Deferred Share Bonus Plan will vest in full on termination and may then be exercised in accordance with the Plan rules.
  • Any unvested nil-cost options awarded under the Performance Share Plan will be time pro-rated and will vest, subject to performance conditions on a wait and see basis at the normal vesting date and may then be exercised in accordance with the Plan rules.
  • Laura Wade-Gery will not be eligible to participate in the Annual Bonus or Performance Share Plan awards for 2016/17.
  • Further details of the operation of the Deferred Share Award and Performance Share Plan are set out in the Directors’ Remuneration Report in our Annual Report and Financial Statements 2016. Full disclosure of these remuneration arrangements will be provided in our Directors’ Remuneration Report in 2017.

For further information, please contact:
Corporate Press Office: +44 (0)20 8718 1919
Out of hours calls: +44 (0)20 8718 2000

Investor Relations:
Fraser Ramzan: +44 (0)20 8718 4625
Helen Cox: +44 (0)20 8718 8491

Source: M&S