Industry Moves: JCPenney Makes Two Senior Hires as Search for CFO Continues
Jan. 15, 2019: J.C. Penney has appointed two new senior executives. Starting Jan. 21, Mike Robbins, EVP of private brands and supply chain, will take on the role of EVP, chief stores and supply chain officer. Truett Horne, an associate principal at McKinsey & Co., will join as chief transformation officer, reporting directly to CEO Jill Soltau. J.C. Penney added that the search for a chief financial officer — following Jeffrey Davis’ departure in September — is “well underway.”
Jan. 14, 2019: Matt Marcotte has been named COO of Bergdorf Goodman and will be in charge of the operations and retail experience for the New York-based retailer, effective immediately. Most recently, Marcotte was EVP and head of global direct-to-consumer operations for Tory Burch Ltd. and previously held roles with Apple Inc. and Gap Inc. This marks the second executive appointment by new Bergdorf president Darcy Penick — in October 2018, she named Yumi Shin chief merchant to oversee all categories.
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Jan. 11, 2019: Saks has shuffled its VP and DMM ranks, giving several executives new assignments. Betty Wang now oversees women’s handbags and accessories, while Will Cooper will head women’s shoes. In addition, Jamillah Davis, formerly buying director of men’s shoes and accessories, was promoted to VP and DMM for men’s footwear and accessories.
Jan. 11, 2019: Erik Nordstrom is now officially designated as the principal executive officer of Nordstrom Inc. after the death of his brother, Blake Nordstrom, on Jan. 2. Erik Nordstrom’s title or compensation doesn’t change, according to an SEC filing. He will continue to serve as co-president of the company with brother Pete Nordstrom.
Jan. 10, 2019: DSW has announced three new executive positions: Debbie Ferrée, who has been promoted to vice chair and president at DSW Inc.; Bill Jordan, assuming the role of president at DSW Designer Shoe Warehouse; and Mary Turner, now president of the Shoe Company and Shoe Warehouse banners in Canada. Ferrée, Jordan and Turner will all report to DSW Inc. CEO Roger Rawlins, along with Camuto Group president Simon Nankervis. They officially assume their posts on Feb. 3.
Jan. 9, 2019: Tricia Bouras has been appointed president of Dearfoams, a division of RG Barry Corp. in Pickerington, Ohio. Bouras succeeds Lee Smith, who will be leading new development and innovation for RG Barry Corp. Both will report to president and CEO Bob Mullaney. Bouras was most recently VP and GM of the shapewear and hosiery categories, as well as DKNY intimates and legwear at Hanesbrands.
Jan. 9, 2019: The Sports & Fitness Industry Association has named Rick Salomone its new managing director of sponsorship. The executive was formerly the CEO of holographic science firm SURYS and spent 21 years with the 3M Company, where he led a number of businesses including advertising services and packaging solutions.
Jan. 7, 2019: Hybrid Apparel has announced the appointment of Bill Hutchison as CEO, effective Jan. 14. Prior to joining Hybrid Apparel, Hutchison was the retail division president of AM Retail Group, a subsidiary of G-III Apparel Group. Aside from being charged with building organizational structures, the exec worked to build e-commerce businesses for brands such as G.H. Bass, DKNY and Karl Lagerfeld Paris.
Jan. 7, 2019: Valentino has tapped Gianfranco Ditadi as its new North America president and CEO, starting at the end of February. The executive currently serves as the regional manager of the Tod’s division in China and previously held senior management roles with Ralph Lauren and Prada Group in Asia. The North America position has been vacant following the departure of Sandra Jovicic in September.
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