Citi Trends Promotes Bruce Smith to CEO
March 16 2018 - 6:45AM
Business Wire
Stuart Clifford has been promoted to fill the
role of CFO
Citi Trends Inc. (NASDAQ: CTRN) today announced that Bruce
Smith, acting Chief Executive Officer, has been promoted to serve
as the permanent Chief Executive Officer and has been appointed to
the Board of Directors, effective as of March 15, 2018.
Mr. Smith has been serving as acting CEO since March 2017, when
the previous CEO resigned, while the Board conducted a search for a
permanent CEO. Mr. Smith has been with Citi Trends for almost 11
years. He joined the company in April 2007 as Senior Vice President
and Chief Financial Officer, was promoted to Executive Vice
President and Chief Financial Officer in March 2010, and was
promoted to Chief Financial Officer, Chief Operating Officer and
Secretary in March 2015. Prior to joining the Company, Mr. Smith
served as CFO of two other public companies, Hancock Fabrics, Inc.
and Fred’s, Inc. He started his career in public accounting with
Price Waterhouse and is a certified public accountant.
Commenting on Mr. Smith’s promotion, Ed Anderson, Executive
Chairman of the Board said, “We are very happy and proud to
announce that Bruce Smith has been promoted to Chief Executive
Officer. In the past year, as acting CEO, he has clearly
demonstrated that he has the leadership skills to lead this
company. He led the team to deliver a very successful 2017.”
Anderson further stated, “Over the years, Bruce has proven to be
an executive who leads by example, exhibiting the highest level of
honesty and integrity. I am confident that the Company is in good
hands with Bruce. This is a great day for Citi Trends, and under
his direction and leadership, I remain optimistic about the future
of our Company.”
In addition, Stuart Clifford, the Company’s Vice President,
Finance, has been promoted to Senior Vice President and Chief
Financial Officer, effective as of March 15, 2018. Mr. Clifford has
been with the Company for 12 years. Prior to joining Citi Trends,
Mr. Clifford served in various financial and operational positions
with Friedman’s Jewelers.
Commenting on Mr. Clifford’s promotion, Mr. Smith said, “On
behalf of the Citi Trends team, I would like to congratulate Stuart
on this well-deserved promotion. I am very excited to continue
working with Stuart as our new Chief Financial Officer. He has
continued to earn increasing responsibilities during his time with
the Company and has demonstrated that he is fully capable of taking
on this new leadership role. With his experience and deep
understanding of our business, Stuart is well suited to lead our
finance team.”
About Citi TrendsCiti
Trends, Inc. is a value-priced retailer of urban fashion apparel
and accessories for the entire family. The Company operates 553
stores located in 31 states. Citi Trends’ website address is
www.cititrends.com. CTRN-G
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version on businesswire.com: http://www.businesswire.com/news/home/20180316005067/en/
Citi Trends, Inc.Bruce Smith, 912-443-2075Chief Executive
Officer
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