Catch up the latest leadership changes shaking up the apparel industry.
Hurley Founder to Transition Into New Role at Nike
Nike Inc. announced Tuesday that Hurley brand Founder Bob Hurley will retire and step down as CEO after 16 years to transition into a new role focused on building Nike’s relationships with elite athletes.
In a statement, Nike Inc. President and CEO Mark Parker, said, “Bob is a legend in the surf and action sports industry who grew his passion into a globally recognized brand that stands for creativity, innovation and community. We look forward to continuing our work together to build the Hurley brand globally.”
Nike veteran Bob Coombes, VP, GM of Hurley, takes on management of the business at Hurley, reporting to Jayme Martin, VP, GM Global Categories, Nike, Inc.
Tommy Bahama CEO Terry R. Pillow to Retire
Oxford Industries, Inc. announced that Terry R. Pillow will retire as CEO of its Tommy Bahama apparel brand and the succession of Douglas B. Wood, Tommy Bahama’s President and COO.
The succession will be effective Jan. 30, 2016, the end of the company’s fiscal year, and Pillow will continue on in an advisory role.
Wood joined Tommy Bahama in 2001 as COO and was named President in 2008. He began his career at the Boeing Defense and Space Group before joining McCaw Cellular/AT&T in 1994 where he was vice president of operations.
Thomas C. Chubb III, chairman and chief executive officer of Oxford, said, “Terry joined Tommy Bahama in 2008 at a critical juncture for the business. The founders were retiring, and we were entering an unprecedented economic downturn. Terry has done a tremendous job propelling the business forward and enhancing the depth and breadth of the successful Tommy Bahama lifestyle brand that we all recognize today.”
Chubb continued, “Doug joined Tommy Bahama in 2001, two years prior to Oxford’s acquisition of the brand. From the very beginning, his talent and strength as a leader were obvious. For the past 14 years, Doug has been responsible for all aspects of Tommy Bahama’s financial and operating functions. With his leadership, Tommy Bahama has transformed from a $200 million wholesale-focused company to a $600+ million lifestyle brand driven by its direct to consumer business. With Doug at the helm and a great creative team onboard, the future is bright at Tommy Bahama.”
TJX Taps Ernie Herrman in CEO Succession
The TJX Companies, Inc. announced that its board of directors announced a CEO succession plan, with Ernie Herrman to be named chief executive officer, and current chairman and CEO Carol Meyrowitz becoming executive chairman of the board.
Herrman’s appointment will become effective at the beginning of the company’s next fiscal year, on Jan. 31, 2016, and he will retain his title as president. He was also elected a director of the company, effective immediately.
Herrman has been president of the TJX companies since January 2011 and has been with TJX since 1989. Prior to this role, he was senior executive vice president, group president with responsibility for The Marmaxx Group, the company’s largest division, HomeGoods and TJX Canada. He also held various senior merchandising positions with TJX.
Meyrowitz, who led TJX over the past nine years at CEO, said, “Ernie Herrman’s proven, successful track record, leadership abilities, strategic vision, discipline and focus are all qualities that make him absolutely the right choice for CEO. Ernie has decades of experience as an off-price merchant. He has been instrumental to our Company’s success, including our continued international growth with our expansion into continental Europe, bringing Marshalls to Canada, and intent to acquire Trade Secret in Australia, in addition to developing our deep bench of off-price leaders and senior management. He will be a tremendous leader as we continue to drive the profitable growth of this Company in the near and long term.”
Herrman said, “I am convinced that we are in an excellent position to grow to be a $40 billion company and beyond. The succession plan that the Board has established gives me great confidence that we will have a seamless transition.”