Textiles
Elevate Textiles, owners of brands such as Cone Denim, American & Efird (A&E) and Burlington, appointed Per-Olof Loof as president and CEO.
Launched earlier this year, Elevate Textiles was born out of the integration of A&E and International Textile Group (ITG) under the Platinum Equity umbrella. Elevate Textiles, which also operates the Gütermann and Safety Components units, serve 25,000 customers in more than 100 countries with a global footprint that includes 37 facilities and 15,000 employees.
Brandon Crawley, principal at Platinum Equity, had been serving as Elevate’s interim global CEO since 2016, when Platinum acquired all of ITG’s debt and equity securities.
Loof has served as CEO across multiple industries and sectors, with a focus on technology, innovation and multinational operations. He most recently spent 13 years as CEO of Kemet Electronics Corp. and was previously CDO at Sensormatic Electronics Corp. and AT&T Istel.
Platinum Equity is a global investment firm with close to $13 billion of assets under management and a portfolio of roughly 40 operating companies. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market.
Retail
Macy’s
Macy’s Inc. named Dennis Mullahy as chief supply chain officer of the Macy’s brand, effective April 8.
In this newly created role, Mullahy will oversee the entire product journey, including global sourcing, inventory management, store and e-commerce distribution, transportation, indirect procurement, supply chain systems, sustainability and supplier diversity. Mullahy will report to Hal Lawton, president of Macy’s.
Most recently, Mullahy was executive vice president of supply chain and IT at Michaels Stores Inc., where he was responsible for leading supply chain, information technology and manufacturing. Prior to joining Michaels Stores in 2013, Mullahy was a senior vice president at Ulta, where he was responsible for merchandise planning, inventory management, distribution, logistics, transportation and supply chain strategy.
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Tailored Brands Inc. appointed Dinesh Lathi as president and CEO and Theo Killion as chairman of the board.
Lathi served as chairman of Tailored Brands since March 2017 and executive chairman since August 2018, and has been a member of the Tailored Brands board since March 2016. Killion has served as lead independent director since August 2018 and joined the company’s board in June 2017.
Lathi was the CEO of One Kings Lane Inc. from April 2014 until June 2016. Prior to that, he spent seven years in various senior executive roles at eBay Inc.
Killion also serves on the board of Claire’s Stores Inc. and non-profit A Better Chance. He previously served on the boards of Express Inc. and Libbey Inc.
Tailored Brands has more than 1,400 stores in the U.S. and Canada, and runs e-commerce websites for its Men’s Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men and K&G chains.
Joules
Joules, the British lifestyle brand, announced that CEO Colin Porter has informed the board of his intention to retire before the end of the company’s 2020 fiscal year.
The exact timing of Porter’s retirement is still to be confirmed. A process to appoint his successor has begun.
Established by Tom Joule 30 years ago, Joules has grown to become a multi-channel lifestyle brand. The company designs and sells clothing, accessories and homeware for women, men and children. Its products are available through its own stores, online and through wholesale channels.
Global Fashion Group
Global Fashion Group (GFG) appointed Matthew Price as chief financial officer (CFO).
Price will be joining GFG later this month and will be based in London. Matthew was most recently CFO of Moneysupermarket and has held key financial roles at Costa Coffee in the U.K. and Asia, and at Sainsbury’s.
He takes over as CFO from Nils Chrestin, who joined GFG’s CIS business, Lamoda, in 2013 and was appointed as Group CFO in 2015.
GFG operates the e-commerce platforms The Iconic, Zalora, Dafiti and lamoda, each tailored to local market needs and personal customer preferences, working with some 8,000 brand partners.
Brands
Gildan
Gildan Activewear Inc. announced that its board of directors has approved the appointment of Donald C. Berg as chairman, effective May 2, contingent upon his reelection to the board at the company’s annual shareholder meeting to be held that day.
Berg will succeed William D. Anderson, who is retiring as chairman, but who is seeking re-election to the board to support a seamless transition at the company. Anderson has been serving as chairman since February 2012 and as a director since 2006.
Berg has been serving as a director since 2015 and has served on all three of the Board’s committees during his tenure, including as chairman of the compensation and human resources committee. He has significant public company board experience, including serving on the board of Meredith Corp.
Hibbett Sports
Hibbett Sports Inc. announced that Scott J. Bowman, senior vice president and chief financial officer (CFO), is resigning, effective April 26, to pursue another opportunity. The company said it has begun a search for a new CFO.
Hibbett, headquartered in Birmingham, Alabama, is an athletic-inspired fashion retailer with more than 1,100 stores under the Hibbett Sports and City Gear banners, primarily located in small and mid-sized communities.
Logistics
Maersk
Claus V. Hemmingsen will step down as vice CEO of A.P. Moller – Maersk and CEO of the Energy division, following the successful separation of Maersk Tankers, Maersk Oil and Maersk Drilling as part of the transformation of the company to becoming a global integrator of container logistics.
The Energy division will close down by the end of June and Hemmingsen will subsequently leave A.P. Moller – Maersk. He joined A.P. Moller – Maersk in 1981 as a shipping trainee and has been stationed in Hong Kong, Singapore and Denmark, where he has held several leading positions within both the shipping and offshore industries. He was CEO for Maersk Drilling from 2005 and until his appointment as Vice CEO of A.P. Moller – Maersk and CEO of the Energy division.
CMA CGM
The CMA CGM Group appointed Claude Lebel CEO of Containerships, its new brand resulting from the merger the MacAndrews brands under the single Containerships unit.
Lebel, who was CEO of MacAndrews, will lead Containerships, which CMA CGM said will be able to unlock major synergies and focus on commercial growth and on the development of high-quality services for its customers. The multimodal intra-European transportation division now operates a fleet of 32 vessels and 700 trucks, calling on 64 ports.