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Shuffle Board: CEO Moves at Burberry, Versace, Forever 21; CFO Shifts at Express, Tailored Brands, Genesco

Brands

Burberry/Versace

Burberry appointed Jonathan Akeroyd as CEO and executive director, effective April 1. The move came after Akeroyd stepped down as CEO of Capri Holdings’ Gianni Versace division.

Akeroyd had been Versace CEO since June 2016. He was previously CEO of Alexander McQueen from 2004 to 2016.

Akeroyd will report to chair Gerry Murphy and the board of directors. He will succeed Marco Gobbetti, who will step down from the role and leave Burberry on Dec. 31.

Akeroyd will remain with Versace through March 31 and will work with John D. Idol, chairman and CEO of Capri Holdings, to support the executive leadership team and ensure an orderly transition. Capri Holdings will immediately begin a search for a new CEO of Versace.

PVH Corp.

PVH Corp. announced today that Manny Chirico, chairman of the board of directors, will retire from the board, effective Dec. 31. Henry Nasella, who currently serves as presiding director, will become the independent, non-executive chairman at that time.

Chirico was first named to the board in 2006 and became chairman in 2007. He served as the company’s CEO from 2006 until February 2021, when Stefan Larsson succeeded him.

Nasella joined PVH’s board in 2003 and has been the presiding director since 2007.

The number of directors constituting the full Board will be decreased to 11 in connection with Chirico’s retirement. Nasella will be eligible to stand for reelection to the board at the 2022 annual meeting of stockholders.

PVH is one of the world’s largest fashion companies, with brands including Calvin Klein and Tommy Hilfiger.

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Retail

Express

Fashion apparel retailer Express Inc. announced the departure of the company’s senior vice president, chief financial officer (CFO) and treasurer, Perry Pericleous, effective Nov. 12.

Express has begun a search for a new CFO. President and chief operating officer Matthew Moellering will serve as acting CFO in the interim, along with his existing responsibilities.

Express operates more than 500 retail and factory outlet stores in the United States and Puerto Rico, as well as an online store.

Tailored Brands

Genesco
Brandy Richardson Courtesy

Tailored Brands Inc. appointed Brandy Richardson as its chief financial officer (CFO), effective Nov. 8.

Richardson joins Tailored Brands with more than 20 years of experience in finance, business transformation, strategic planning and execution, capital allocation, investor relations, process improvement and technical accounting. She will serve on the company’s executive committee and have responsibility for enterprise analytics, strategy, real estate, risk management and loss prevention, as well as all aspects of the finance organization.

Richardson recently served as executive vice president and CFO at Neiman Marcus Group, playing a pivotal role in its Chapter 11 restructuring and in refinancing their exit debt facilities. Prior to that, she held internal business and consulting roles with Cardinal Health, a medical equipment manufacturer, and Ernst & Young LLP.

Tailored Brands is an omnichannel specialty retailer of men’s wear, including suits, formalwear and a broad selection of business casual offerings. Its brands include Men’s Wearhouse, Jos. A. Bank, Moores Clothing and K&G Fashion Superstore.

Genesco

Genesco Inc. named Thomas A. George as senior vice president, finance and chief financial officer (CFO), elevating his role from the interim position he has held since December 2020.

Burberry named Jonathan Akeroyd CEO after Akeroyd said he was stepping down as Versace CEO; Forever 21 and CEO Daniel Kulle parted ways.
Thomas George Courtesy

George is expected to serve in this position through at least March 2024. George comes to Genesco with significant financial executive experience in the consumer brand and retail sectors. He previously served nine years as CFO of Deckers Brands. Earlier in his career, he was CFO of eyewear brand Oakley.

Genesco, a Nashville-based specialty retail and branded company, sells footwear and accessories in more than 1,435 retail stores throughout the U.S., Canada, the U.K. and Ireland, principally under the names Journeys, Journeys Kidz, Little Burgundy, Schuh, Schuh Kids, Johnston & Murphy, and their respective websites. In addition, Genesco sells footwear at wholesale under its Johnston & Murphy brand, and the licensed Levi’s, Dockers and Bass brands.

Forever 21

Daniel Kulle is now Forever 21’s former CEO and he as Forever 21 reportedly mutually agreed to part ways.

Kulle joined the fast-fashion chain in February 2020, shortly after a consortium led by Authentic Brands Group acquired Forever 21 out of bankruptcy for $81 million. He relocated from New York to Forever 21’s home base in Los Angeles at the time.

A former H&M North America president, Kulle was most recently strategic advisor to former H&M Group CEO Karl-Johan Persson prior to joining Forever 21.

Tilly’s

Tilly’s Inc. announced the appointment of Teresa L. Aragones and Erin M. Chin to its board of directors.

Aragones is chief marketing officer at Discord, a youth-oriented online communication service. Prior to joining Discord, she served Visual Supply Company, a mobile photo app provider, in that same role.

Chin is chief marketing officer of the Streamers & Creators business within Logitech. Prior to this, she served in several brand strategy roles, including as senior brand marketing director for the Mountain Dew brand of PepsiCo.

Tilly’s is a specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls. Headquartered in Irvine, Calif. as of Oct. 20, Tilly’s operated 243 stores across 33 states, and its website, tillys.com.

Textiles

Kornit Digital

Kornit Digital Ltd., a provider of digital textile production technologies, appointed Stef Strack as a strategic advisor to the company and its board of directors.

Kornit plans to subsequently nominate Strack for election to the board at its 2022 annual shareholder meeting. Strack brings 18 years of global leadership experience in the fashion and sport industries and currently advises global leading brands on digital transformation, product, brand, innovation, marketing and direct-to-consumer (DTC) strategies.

Strack is also founder and CEO of Voice in Sport, a global digital sport company for female athletes whose mission is to elevate women’s voices in sport by advocating for inclusion, diversity, and equality. Previously, she was CEO of fashion house Rag & Bone.

Malouf

Burberry named Jonathan Akeroyd CEO after Akeroyd said he was stepping down as Versace CEO; Forever 21 and CEO Daniel Kulle parted ways.
Ashlee Willes Courtesy

Ashlee Willes, social media manager for Malouf Home, was named new brand manager for Malouf.

Wiles will work directly with Scott Carr, marketing director, to provide elevated support to its retail partners. She has worked for Malouf for three years and previously focused on digital marketing, including social media, for the home furnishings company.

Willes now leads the brand strategy for Malouf and oversees the marketing team, including email, content and digital specialists. As one of her main responsibilities, she collaborates with the company’s creative departments to create marketing materials.

Malouf Home has a wide selection of innovative products, including furniture, mattresses, adjustable bed bases, pillows, sheets, mattress protectors, bed frames and mattress toppers.

Logistics

Nuvocargo

Nuvocargo, a digital platform for U.S.-Mexico trade, expanded its senior team. The three new hires joining Nuvocargo include Josefina Blanco, legal and compliance lead; Luis Garcia, head of carrier relations, and Claudio Gonzalez, head of strategy and chief of staff.

Blanco, based out of the company’s office in Mexico City, will manage all matters relating to legal and compliance at Nuvocargo. She has 10 years of experience at top-tier law firms in Mexico and abroad, including Galicia Abogados, Mayer Brown LLP in New York, and Marval, O’Farrell & Mairal in Buenos Aires, where her practice focused on cross-border financing, banking regulation and M&A transactions.

Garcia now leads Nuvocargo’s carrier relations and marketplace efforts from its Mexico City office, as the company’s carrier base expands in the U.S. and Mexico. He has over seven years of experience leading large operations teams at technology companies such as Uber, Cloud Kitchens and Amazon. Gonzalez, based in the New York City office, now leads multiple cross-functional initiatives at Nuvocargo that are enabling the company to grow exponentially and acts as a partner to Nuvocargo’s strategic client accounts. He will also act as chief of staff to CEO Deepak Chhugani. Before Nuvocargo, Gonzalez was an investigative reporter at Mexicanos Contra la Corrupción y la Impunidad and worked as a business analyst at McKinsey.

Nuvocargo’s proprietary software streamlines door-to-door transportation between Mexico and the U.S. for business shippers. The company’s digital platform consolidates and provides visibility into key services such as truck procurement on both sides of the border, customs clearance, insurance, trade finance, among others.

Trade Shows

Main Street Events

Fashion industry and trade show veteran Ann Cleary joined Main Street Events as vice president of fashion development.

Cleary will lead the live events sales and marketing team as Main Street Events expands into the contemporary better women’s market, starting with a new edition of Iloe Studios in Las Vegas adjacent to WWIN at the new, state-of-the-art Caesars Forum Conference Center during Las Vegas Market Week in February.

Cleary will also lead the relaunch of Main Street Event’s Iloe Studios-Chicago, a regional fashion industry event that returns from hiatus in April.

Cleary most recently served as director of Stitch: Informa Markets, where she created and built a platform for the better contemporary women’s apparel and accessory market.