Lands’ End, Inc. (Lands' End or the “Company”) (NASDAQ: LE), a
classic American lifestyle brand, today announced executive
leadership appointments and organizational changes to support its
business objectives and strategic growth initiatives. These
appointments and organizational changes will take effect at the
start of Lands’ End’s next fiscal year, beginning January 28, 2023,
unless otherwise noted.
Chief Executive Officer-Designate Andrew McLean
stated, “As we embark on the next phase of growth and development
for this iconic American brand, these additions to our leadership
team, and the changes to how we’re organized internally, will
position Lands’ End to achieve our long-term goals. Critically, we
are building on a strong foundation and will accelerate our efforts
by utilizing our powerful, proprietary data to better inform our
product merchandising and marketing efforts with insights that help
us anticipate and meet consumers’ evolving needs. These changes
will collectively help us deepen our relationships with our
existing customers, reach new customers and drive sustainable value
creation.”
Peter L. Gray, the Company’s Executive Vice
President, Chief Administrative Officer and General Counsel has
been appointed Chief Commercial Officer. In this capacity, Mr. Gray
will be charged with driving revenue growth in existing businesses
and developing new income streams. The Company’s eCommerce,
Outfitters (B2B), Third Party, Retail and International businesses
will report into Mr. Gray. Mr. Gray will also have responsibility
for the Company’s license businesses and marketplace development
while continuing to serve as Chief Administrative Officer and
General Counsel. Mr. Gray has more than 25 years of leadership and
industry expertise. His broad business experience includes holding
responsibility for distribution center operations, corporate
strategy, business development, procurement, real estate
development, investor relations, legal and human resources.
Angie Rieger, the Company’s Divisional
President, Lands’ End Outfitters, has been appointed Chief
Transformation Officer. In this newly created role, the Company’s
brand management and inventory planning functions will report to
Ms. Rieger. Ms. Rieger is a seasoned executive with over 25 years
of experience in the retail industry, including over 20 years with
Lands’ End.
Kym Maas will join the Company as Senior Vice
President, Product and Merchandising and will report to Ms. Rieger.
In her role, Ms. Maas will be responsible for developing and
implementing growth strategies in merchandising and brand
management for the Company, as well as testing new strategies and
concepts for future growth. Ms. Maas brings over 28 years of
industry experience to Lands’ End, most recently serving as Vice
President of Women’s Merchandising at American Eagle Outfitters,
and previously holding senior merchandising roles at Abercrombie
& Fitch, LOFT Ann Taylor Inc. and Anthropologie, among
others.
Jim Gooch, the Company’s President and Chief
Financial Officer, has decided to step down from his leadership
roles at the conclusion of Lands’ End’s 2022 fiscal year ending
January 27, 2023, and will assist with the orderly transition of
his duties as an advisor to the Company through March 31,
2023. Bernard McCracken, the Company’s Chief
Accounting Officer has been appointed Interim Chief Financial
Officer. The Company plans to conduct a search for a permanent
Chief Financial Officer, with the assistance of a leading global
executive search firm.
“We thank Jim for his commitment and contributions to Lands’ End
over the past seven years. His leadership has been key as we
refined our strategic focus and positioned our Company to create
sustainable value for our shareholders, including over the past few
years as we, like our customers, peers and employees learned to
navigate through the new normal following the onset of the COVID-19
pandemic,” said Jerome Griffith, Chief Executive
Officer. “We wish Jim all the best in his next chapter.”
Mr. McLean, who will assume the position of Chief Executive
Officer on January 28, 2023, following Mr. Griffith’s previously
announced retirement, added, “I have valued my time with Jerome,
Jim and other leaders as I prepare to take on the CEO role and look
forward to working with the Board, leadership team and all Lands’
End team members as we continue to execute across our strategic
growth pillars, drive profitability and remain a nimble,
digitally-driven lifestyle brand.”
For more information, please visit LandsEnd.com.
About Peter L. GrayPeter Gray is currently the
Company’s Executive Vice President, Chief Administrative Officer
and General Counsel. In this role Mr. Gray has been responsible for
articulating and driving the Company’s strategic initiatives,
employee services, business development and business transformation
functions, and he previously oversaw the Company’s distribution
center operations. In addition, as the Company’s General Counsel,
he directs and oversees all corporate legal matters, including
regulatory, ethics and compliance, and corporate governance. Before
joining Lands’ End, he served as the Executive Vice President and
General Counsel at Tumi Holdings, Inc. where he was a member of
Tumi’s Executive Committee, which oversaw Tumi’s strategic
direction.
About Angie RiegerAngie Rieger is currently
Divisional President, Lands’ End Outfitters. In this role, she
leads all business unit operations, new client acquisition, and
marketing efforts and is responsible for driving the overall growth
and profitability of Lands’ End Outfitters. She utilizes her
veteran knowledge of Lands’ End to aid in driving key financial
metrics and initiatives within the Outfitters Business Unit. Ms.
Rieger is a seasoned executive with over 25 years of experience in
the retail industry and has a proven track record for delivering
profitable results. Having spent 20 years with Lands’ End, Ms.
Rieger has a strong understanding of the Lands’ End customer and
their core values.
About Kym MaasMs. Maas will join Lands’ End as
Senior Vice President, Product and Merchandising. Ms. Maas brings
over 28 years of industry experience to Lands’ End, having held
other senior merchandising roles at American Eagle Outfitters
(“AEO”) where she served as Vice President of Women’s Merchandising
and oversaw AEO’s omnichannel women’s sportswear, accessories, and
beauty business, Abercrombie & Fitch and LOFT Ann Taylor, Inc.,
where she served as Vice President of Women’s Merchandising at
each, and Anthropologie, where she served as Executive Director,
GMM Accessories and Shoes.
About Bernard McCrackenBernard McCracken is
currently Lands’ End’s Chief Accounting Officer. He is responsible
for financial reporting, corporate finance and planning, treasury,
tax, procurement, accounting functions, and business analytics.
Also in this role, he leads the Investor Relations function. Over
his nearly four-decade career, Mr. McCracken has also served in a
variety of finance, accounting, audit and controller positions at
The Children’s Place, Inc., Footstar, Inc., Deloitte & Touche
LLP, The Leslie Fay Companies, Inc. and Loehmann’s Inc.
About Lands’ End, Inc.Lands’ End, Inc.
(NASDAQ:LE) is a leading uni-channel retailer of casual clothing,
accessories, footwear and home products. We offer products online
at www.landsend.com, through our own Company Operated stores and
through third-party distribution channels. We are a classic
American lifestyle brand with a passion for quality, legendary
service and real value. We seek to deliver timeless style for
women, men, kids and the home.
Forward-Looking StatementsThis press release
contains forward-looking statements that involve risks and
uncertainties, including statements regarding the expected impact
of the organizational changes to support the Company’s business
objectives and strategic growth initiatives, position the Company
to achieve its long-term goals and deepen the Company’s
relationships with its existing customers, reach new customers and
drive sustainable value creation; the Company’s plan to accelerate
efforts by utilizing its data to inform merchandising and marketing
efforts to help anticipate and meet customer needs; the Company’s
efforts to drive revenue growth in existing businesses and develop
new income streams; the Company’s plans to continue to execute
across its strategic growth pillars, drive profitability and remain
nimble; and the Company’s plan to develop and implement growth
strategies. The important factors and uncertainties, discussed in
the “Risk Factors” section of the Company’s Annual Report on Form
10-K for the fiscal year ended January 28, 2022, among others,
could cause actual results to differ materially from those
described in these forward-looking statements. The Company intends
the forward-looking statements to speak only as of the time made
and does not undertake to update or revise them as more information
becomes available, except as required by law.
CONTACTS
Investors:ICR, Inc.Bruce Williams(332)
242-4303Bruce.Williams@icrinc.com
Media: Tricia
DudleyTricia.Dudley@landsend.com
FGS GlobalAndy Duberstein/Hayley CookLandsEnd@fgsglobal.com
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