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Shuffle Board: J.Crew Names Nicholson Interim CEO, Ross Stores President Resigns

Retail

J. Crew

J. Crew Group Inc. named Michael J. Nicholson, its president and chief operating officer, as interim CEO. Jack Weingart, co-managing partner of TPG Capital, was appointed to the company’s board of directors, replacing Carrie Wheeler, who will transition off of the board after eight years with the company.

Nicholson’s appointment replaces the Office of the CEO, previously comprised of four executives, which has led the company since November 2018. Nicholson joined J.Crew in 2016 as president, chief operating officer and chief financial officer.

Libby Wadle, recently named president and CEO of Madewell, will continue in that role, and Lynda Markoe will continue as the chief administrative officer of the company. Nicholson and Wadle will report to the board of directors.

Adam Brotman, president and chief experience officer, has decided to resign from his position for personal reasons and will be leaving effective April 19.

Ross Stores

Ross Stores Inc. announced that Michael O’Sullivan, president and chief operating officer since 2009, has resigned from the company and its board of directors to accept a position with another company.

CEO Barbara Rentler said Ross Stores expects to make management changes in the coming months. In the interim, Michael Hartshorn, the company’s group executive vice president of finance and legal, and its chief financial officer, as well as Mike Kobayashi, group executive vice president of supply chain, merchant operations and technology will report directly to her.

Gary Cribb, group executive vice president of stores and loss prevention, will report to Jim Fassio, president and chief development officer.

Brands

Ted Baker

Ted Baker appointed Lindsay Page as CEO, who had been acting CEO since December, after founder Ray Kelvin stepped down.

Page joined Ted Baker as group finance director in February 1997 and took on the additional role of chief operating officer in July 2014. During his 22 years with the company, he has been instrumental in the development and implementation of many strategic initiatives for the Ted Baker brand in the U.K. and internationally.

The company’s nomination committee is considering further board appointments. David Bernstein will continue to support Page in his capacity as executive chairman until a new non-executive chairman is appointed.

Associations

BGMEA

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) elected Rubana Huq, managing director of the Mohammadi Group, as it first female president, effective April 20.

Huq, who is managing director of the Mohammadi Group, received all 35 votes of the Sammilito Forum’s slate at the biennial election of the trade group. The BGMEA is one of the largest trade associations in the country, representing the ready-made garment industry, particularly woven garment, knitwear and sweater manufacturers.

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