Mon. Sep 16th, 2019

Chico’s FAS, Inc. Reports CEO Transition Plan

Chico’s FAS, Inc. (NYSE: CHS) (the “Organization”) today reported that Bonnie Brooks, previous Vice Chair, President and CEO of Hudson’s Bay Company and a present individual from the Chico’s FAS Board of Directors, has been designated Interim CEO of the Company, as of now. This arrangement pursues the abdication of Shelley Broader from her jobs as CEO and President, and as individual from the Board.

“Bonnie is a fruitful retail official and dealer who has driven the turnaround of other style retailers, and we are satisfied to have her progression into the CEO Job on a between time premise,” said David Walker, Chair of the Board. “Her involvement in the business, just as her time, on the Chico’s FAS Board gave her a profound comprehension of our brands and clients. We are sure that Bonnie will probably rapidly venture into the business to profit the business, items and marketing over the majority of the Company’s brands as the Board proceeds with its scan for a lasting CEO with a solid attire track record.”

Mr. Walker further remarked, “in the interest of the Board, I might want to express gratitude toward Shelley for her numerous commitments to Chico’s FAS in the course of the last three and a half years. We welcome the critical working upgrades she started and actualized and wish her well in her future undertakings.”

Ms. Rivulets stated, “One of our organization’s key upper hands is the dedication and quality of the center client. We anticipate taking advantage of this further, and all the more forcefully, to upgrade the development and situating of our Chico’s, White House Black Market, Soma and our most current brand, TellTale™. We have committed partners over the association, and I anticipate working with them as Interim CEO.”

Chico’s FAS has connected with Herbert Mines Associates to look for a lasting CEO and President. The Board Search Committee is Chaired by Bill Simon, an individual from the Chico’s FAS Board since 2016 and beforehand President and CEO of Walmart U.S. what’s more, Executive Vice President of Walmart Stores, Inc. Janice Fields, an individual from the Company’s Board since 2013 and some time ago President of McDonald’s USA, LLC, and Ms. Creeks additionally serve on the Committee.