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Shuffle Board: Victoria’s Secret, Stitch Fix Lead CEO Changes

Retail 

Victoria’s Secret 

Victoria’s Secret Brand CEO Amy Hauk will resign after eight months of running the lingerie giant. Hauk, who also the CEO of the company’s youth-leaning Pink apparel brand, notified Victoria’s Secret of her decision to resign on Dec. 27, 2022.

She will leave the company effective March 31 to spend more time with family. Following Hauk’s departure, Martin Waters will continue to serve as CEO and will also assume the responsibilities of Brand CEO.

Amy Hauk. Photo courtesy of Robb McCormick

Shares of VS&Co. dropped roughly 8 percent following the news during after-hours trading. Earlier this week, the company completed its $400 million acquisition of rival brand Adore Me.

Designer Brands Inc.

Designer Brands Inc.‘s board of directors has appointed Doug Howe, president of DSW, to succeed Roger Rawlins as the company’s CEO, effective April 1. At that time, Rawlins will step down as CEO and as a member of the board of directors. He will continue to work with the company for 12 months in a strategic advisor role to facilitate the leadership transition.

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Doug Howe. Courtesy of DBI

Howe has more than 30 years of experience in the retail industry with expertise in vertical brand and direct-to-consumer growth, currently serving as president of DSW and executive vice president of Designer Brands. He previously was the merchandising chief at Kohl’s.

The company is searching for the next DSW president.

Nordstrom

Nordstrom’s board of directors has appointed Atticus Tysen to the board, effective immediately.

Atticus Tysen

Since August 2021, Tysen has served as SVP product development, chief information security and fraud prevention officer at Intuit Inc.

“Atticus is a proven leader with decades of experience in the technology and cybersecurity space,” said Brad Tilden, chairman of the Nordstrom Board. “His background will add to the diversity of experience already represented across our Board and help us hone an increasingly important area of focus for the retail industry. We’re excited to welcome him and are confident his expertise will help successfully guide us as we navigate an evolving digital landscape.”  

Kohl’s

After 18 years at Kohl’s, general counsel and corporate secretary Jason Kelroy announced his plans to leave the company in February. Kelroy provided advanced notice to assist the company with an orderly transition, a Kohl’s spokesperson told Sourcing Journal. A search for a replacement is underway.

Jason Kelroy. Courtsey

Kelroy is one of several leaders to walk away from Kohl’s in the past year. CEO Michelle Gass left the company for Levi’s in November last year, and interim CEO Tom Kingsbury was to serve until Dec. 2, 2022. In May last year, chief marketing officer Greg Revelle and chief merchandising officer Doug Howe also left.

Brands

Merrell

Jessica Alder. Courtesy

Outdoor performance and lifestyle brand Merrell appointed Jessica Adler as the brand’s vice president of U.S. sales.

With nearly 20 years of experience in retail, Adler will be responsible for the evolution of Merrell’s U.S. wholesale strategy, further advancing the brand’s roadmap for future growth. In her new role, Adler will report directly to Merrell’s global brand president, Chris Hufnagel, and join the brand’s senior leadership team.

Before joining Merrell, Adler spent the past 10 years in sales leadership roles with lifestyle brands, including Levi Strauss and Diesel USA.

Stitch Fix

Online personal styling service company Stitch Fix announced that Elizabeth Spaulding will step down as CEO and as a member of the board of directors, effective Jan. 5, after less than 18 months in the role.

Katrina Lake. Courtsey

Founder and former CEO Katrina Lake will resume the chief executive role on Jan. 5, to serve in an interim capacity for six months or until her successor is appointed unless otherwise agreed by Lake and the board of directors.

Lake shared a blog post on January 5 stating that Stitch Fix is cutting 20 percent of its salaried staff and shuttering its Salt Lake City distribution center, with that team also being laid off. This comes after the company previously laid off roughly 330 salaried employees.

Land’s End

American lifestyle brand Land’s End announced executive leadership appointments and organizational changes effective Jan. 28, 2023 unless otherwise noted.

Jim Gooch, the company’s president and chief financial officer, will step down from his leadership roles after Land’s End 2022 fiscal year ends on Jan. 27. He will assist with the transition of his duties as an advisor to the company through March 31. Bernard McCracken, the company’s chief accounting officer, has been appointed interim CFO. Land’s End plans to seek a permanent CFO with the assistance of a global executive search firm.

Peter L. Gray, the company’s executive vice president, chief administrative officer and general counsel, has been appointed chief commercial officer. He has more than 25 years of leadership and industry expertise.

Angie Rieger, the company’s divisional president, Land’s End Outfitters, has been named chief transformation officer. The company’s brand management and inventory planning functions will report to Rieger in this newly created role. She has over 25 years of experience in the retail industry, including over 20 years with Land’s End.

Kym Maas will join the company as senior vice president, product and merchandising, and will report to Rieger. In her role, Maas will be responsible for developing and implementing growth strategies in merchandising and brand management, as well as testing new strategies and concepts for future growth. She brings over 28 years of industry experience to Land’s End, most recently serving as vice president of women’s merchandising at American Eagle Outfitters.

Logistics 

Pitney Bowes

Global shipping and mailing company Pitney Bowes has named Jason Dies as executive vice president and group executive. In this newly created position, Dies will oversee the sending technology solutions and presort services business units as well as the functional groups of human resources, information technologies and marketing and communications. Dies previously served as executive vice president and president of sending technology solutions.

Jason Dies. Courtesy

Pitney Bowes also announced that Shemin Nurmohamed will succeed Dies as president, sending technology solutions. Nurmohamed spent the last three years leading product management for SendTech. Over her seven years with Pitney Bowes, she has held numerous roles in product management, sales and corporate strategy. Nurmohamed will become a member of the Pitney Bowes senior management team.