J.Jill Announces Planned Retirement of President and CEO Claire Spofford
December 11 2024 - 4:05PM
Business Wire
J.Jill, Inc. (NYSE:JILL), a premier omnichannel retailer and
nationally recognized women’s apparel brand, announced today that
Claire Spofford, J.Jill’s President and Chief Executive Officer,
has decided to retire after a distinguished career in the retail
space. J.Jill has retained an executive search firm to assist in
identifying her successor. Ms. Spofford is expected to remain in
her current role until April 2025 and will work closely with the
executive team and the Board of Directors to ensure a seamless
transition.
Since Ms. Spofford’s appointment as CEO in February 2021, she
has led the Company into a new era delivering healthy, sustainable
margin performance and significant cash flow generation driven by
disciplined inventory management and a strong focus on full-price
selling. Over Ms. Spofford’s tenure with J.Jill, the Company has
also fortified its balance sheet, strengthened its operational
foundation, and modernized its brand as a premium casual
retailer.
Michael Rahamim, Chairman of the Board, said, “Under Claire’s
leadership, J.Jill has strengthened its operating model and made
strategic investments to improve the overall health of the
business, creating a pathway toward profitable, sustainable growth.
We are grateful for Claire’s service and unwavering commitment to
the brand, customer, team, and our shareholders.”
“After 4 years leading this incredible company and after nearly
three decades leading retail organizations, I have decided that the
time is right for a new chapter,” said Ms. Spofford. “I am
extremely proud of what our team has accomplished together,
transforming J.Jill into a stronger, more agile retailer. We
implemented rigorous operational disciplines with a new mindset in
earning our way back into growth and have taken steps to modernize
the brand, enhance our value proposition and strengthen our
omni-channel capabilities - all while maintaining our unwavering
focus on serving our customers.”
Prior to J.Jill, Ms. Spofford held leadership positions at
Cornerstone Brands, Garnet Hill, Orchard Brands, and Timberland.
She presently holds positions on the Board of Directors for
Leslie’s, Inc. and Reclaim Childhood.
About J.Jill, Inc.
J.Jill is a national lifestyle brand that provides apparel,
footwear and accessories designed to help its customers move
through a full life with ease. The brand represents an easy,
thoughtful, and inspired style that celebrates the totality of all
women and designs its products with its core brand ethos in mind:
keep it simple and make it matter. J.Jill offers a high touch
customer experience through over 200 stores nationwide and a robust
ecommerce platform. J.Jill is headquartered outside Boston. For
more information, please visit www.jjill.com or
http://investors.jjill.com. The information included on our
websites is not incorporated by reference herein.
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version on businesswire.com: https://www.businesswire.com/news/home/20241211252955/en/
Investor Relations: Caitlin Churchill ICR, Inc.
investors@jjill.com 203-682-8200
Business and Financial Media: Ariel Kouvaras Sloane &
Company akouvaras@sloanepr.com 973-897-6241
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