FORT MYERS, Fla., Oct. 28, 2015 /PRNewswire/ -- Chico's FAS,
Inc. (NYSE: CHS) today announced that Shelley Broader has been appointed President and
Chief Executive Officer of Chico's FAS, effective December 1, 2015. She will also join the
Chico's FAS Board of Directors at that time. Ms. Broader
succeeds David F. Dyer, who will
become Vice Chair of the Board of Directors.
Ms. Broader is a proven executive with over 25 years of
experience leading premier global and regional retail businesses,
including Walmart, Michael's Stores, and several banners with
Delhaize Group. In her most recent role as President and
Chief Executive Officer of Walmart's EMEA region, Ms. Broader was
responsible for retail operations and business development across
Europe, the Middle East, Sub-Saharan Africa and
Canada, leading 1,345 retail units
and more than 285,000 associates. Previously she served as
President and Chief Executive Officer of Walmart Canada, Chief
Merchandising Officer for Walmart Canada, and Senior Vice President
for Sam's Club, Walmart's membership-warehouse format in the
U.S.
"As we thank Dave for his years of fine service, we are also
delighted to welcome Shelley to the Chico's FAS team. She
brings a remarkable track record, with a global perspective and a
keen understanding of how to engage consumers and partner with
suppliers to drive profitable growth in a competitive retail
environment," said David F. Walker,
Chair of the Chico's FAS Board of Directors. "The Company conducted
an extensive CEO search and interviewed a number of highly
qualified candidates. Shelley distinguished herself as our
top choice, having the extensive retail industry expertise,
leadership skills and appreciation for superior service that we
believe will take Chico's FAS and each of our brands into our next
phase of growth and value creation."
"It is an honor to be named President and CEO of Chico's
FAS. I am thrilled to lead such a dynamic team," Ms. Broader
said. "The Company has made great strides in improving its
operating foundation and benefits from a powerful portfolio of
brands, each with a unique identity and opportunity for growth.
I look forward to working with the Chico's FAS Board, its
Brand Presidents, members of the Executive Committee, and team of
associates. I share their passion for superior customer
service and applaud the technology and other initiatives underway
to improve service and efficiencies. Given the Company's many
strengths, I have great confidence that we can continue to grow and
succeed, driving value for our shareholders and delivering on our
brand promise to customers through Chico's FAS's dedicated
employees."
About Shelley Broader
Ms. Broader's leadership experience across the North American
retail industry spans over 25 years. Prior to joining Walmart
in 2010, Ms. Broader was President and Chief Operating Officer of
Michael's, the world's largest retailer of arts and crafts, and was
responsible for the chain's 1,000 stores in the United States and Canada. In this
role, she worked to standardize processes, disciplines and metrics,
and better align store operations and resources with the seasonal
buying patterns of the retailer's customer base.
Before joining Michael's, Ms. Broader enjoyed a 17-year career
with Delhaize Group where, under the Hannaford banner, she held a
range of leadership roles across the Company's operations,
merchandising, distribution, strategy and marketing
divisions. She was promoted to President and Chief Operating
Officer of Delhaize Group's Kash n' Karry chain, where she is
credited with a significant financial and operational turnaround
that included a complete re-branding of the business into Sweetbay
Supermarkets. She then served as President and Chief
Executive Officer of Sweetbay until joining Michael's.
Ms. Broader began her career in the investment banking sector,
holding roles at Massachusetts Financial Services Company and First
Albany Corporation.
Ms. Broader is a member of the board of directors of Raymond
James Financial, Inc. She obtained a Bachelor of Arts degree
from Washington State University.
In connection with Ms. Broader's appointment, the Chico's FAS
Board of Directors was assisted by leading executive search firm,
Herbert Mines Associates.
ABOUT CHICO'S FAS, INC.
The Company, through its brands – Chico's, White House | Black
Market, Soma, and Boston Proper, is a leading omni-channel retailer
of women's private branded, sophisticated, casual-to-dressy
clothing, intimates, complementary accessories, and other
non-clothing items.
As of August 1, 2015, the company
operated 1,548 stores in the US and Canada and sold merchandise through franchise
locations in Mexico. The Company's merchandise is also
available at www.chicos.com, www.whbm.com, www.soma.com, and
www.bostonproper.com. For more detailed information on
Chico's FAS, Inc., please go to our corporate website at
www.chicosfas.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
Certain statements contained herein, including without
limitation, statements addressing the beliefs, plans, objectives,
estimates or expectations of the Company or future results or
events constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, as
amended. Such forward-looking statements involve known or
unknown risks, including, but not limited to, general economic and
business conditions, and conditions in the specialty retail
industry. There can be no assurance that the actual future
results, performance, or achievements expressed or implied by such
forward-looking statements will occur. Investors using
forward-looking statements are encouraged to review the Company's
latest annual report on Form 10-K, its filings on Form 10-Q,
management's discussion and analysis in the Company's latest annual
report to stockholders, the Company's filings on Form 8-K, and
other federal securities law filings for a description of other
important factors that may affect the Company's business, results
of operations and financial condition. The Company does not
undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that
projected results expressed or implied in such statements will not
be realized.
Executive Contact:
Jennifer Powers Adkins
Vice President -- Investor Relations
Chico's FAS, Inc.
(239) 346-4199
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SOURCE Chico's FAS, Inc.