Retail news that keeps industry pros in the know
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In addition to several notable departures and promotions in February, the month also included a dressed-down move for designer Zac Posen, and a beauty icon returning to lead her eponymous brand. Here’s the retail C-suite moves to know:
- Beyond Inc. named Walmart and Sam’s Club vet Chandra Holt as the new CEO of Bed Bath & Beyond. It also tapped Dave Nielsen, a Beyond Inc. exec since 2009 who most recently served as interim CEO and president for Beyond Inc. and Bed Bath & Beyond, as the CEO of Overstock.
- Huda Kattan reclaimed the role of CEO of Huda Beauty after stepping away in 2020—a move she said in a YouTube video was “one of the biggest regrets of my life.” Kattan is marking her return by introducing a new logo, revamped packaging, and new products to the brand.
- Zac Posen is making the shift from designer gowns to a bit more casual wear by joining Gap Inc. as its EVP and creative director, as well as chief creative officer of Old Navy.
- Supergoop brought on JLo Beauty’s co-founder and former CEO Lisa Sequino to be its new CEO following the departure of Amanda Baldwin, who left to lead Olaplex late last year.
- Foxtrot parent Outfox Hospitality tapped former Whole Foods exec Rob Twyman as its new CEO.
- Spanx promoted Cricket Whitton, its president and chief growth officer, to the CEO role following the departure of CEO Kim Jones last year.
- Instacart’s COO Asha Sharma, CTO Varouj Chitilian, and chief architect JJ Zhuang all departed citing personal reasons amid news that the company was laying off 7% of its staff. The company said it only plans to backfill the vacant CTO role.
- Deckers Brand, parent company of Hoka, named chief commercial officer Stefano Caroti as its new president and CEO. Current president and CEO Dave Powers will retire on August 1. The company also added 17-year Nike vet Robin Green as president of Hoka.
- Merit Beauty tapped Philippe Pinatel, former global president of MAC Cosmetics, as its new CEO, taking over for founder Katherine Power.
- Crocs CFO Anne Mehlman was promoted to EVP and president of the brand, assuming the role from Michelle Poole, who is retiring.
- Kroger’s SVP and CFO Gary Millerchip left the grocer to join Costco as its new CFO. Todd Foley, who has been with the company since 2001, has taken over in the interim.