Photo Release -- Lands' End Names Federica Marchionni as CEO
February 02 2015 - 6:00AM
Lands' End, Inc. (Nasdaq:LE) today announced that its Board of
Directors has named Federica Marchionni as Chief Executive Officer.
Ms. Marchionni comes to Lands' End from her role as President of
Dolce&Gabbana USA Inc. She will succeed Edgar Huber, who
is resigning from the Company.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=30424
Josephine Linden, Chairman of the Board of Lands' End, said: "We
are delighted that Federica Marchionni is joining Lands'
End. She is a multi-talented, visionary business leader with a
complete set of creative, strategic and analytical skills to grow a
multi-channel apparel brand in a highly competitive and evolving
global environment. She has proven product development, retail
and international experience, a tremendous passion for success, and
a deep network of relationships across the fashion, consumer and
retail landscapes. She also fully embraces the principles of
quality, value and service on which Gary Comer founded Lands' End
in 1963. We are confident she will build upon the Company's legacy
as a classic American brand with a keen eye toward its future as a
global lifestyle brand."
Mrs. Linden continued: "On behalf of the entire Board and Lands'
End organization, we truly appreciate Edgar Huber's steady
leadership prior to and during the spin-off from Sears Holdings
Corporation. With annual sales in excess of $1.5 billion,
roots more than 50 years deep and a great team behind it, Lands'
End is ready for a new leader to accelerate the realization of the
full potential of the brand and drive profitable growth."
Mr. Huber said: "With the successful completion of the spin-off
of Lands' End from Sears Holdings Corporation, I have accomplished
what I came to achieve at Lands' End and I look forward to the
Company's success in the future."
Ms. Marchionni said: "I have long admired Lands' End's powerful
platform and I am excited to lead this iconic company. I have
great respect and appreciation for what the Lands' End team has
accomplished to date, and I look forward to leveraging Lands' End's
strong foundation to expand the brand into new markets and channels
over time while remaining true to the brand's core values and
customer base. I join the Lands' End family with the clear
goal of moving the Company forward by working with the Board to
identify and pursue growth in key areas, collaborating with and
inspiring our people to find new ways to delight customers, and
delivering improved financial performance for our shareholders. I
cannot wait to get started to take advantage of the significant
opportunities ahead."
Under Ms. Marchionni's leadership as President starting in 2011,
Dolce&Gabbana USA's revenues increased significantly. She
successfully elevated the positioning of the brand and redesigned
strategies for expanding it across multiple channels, target
customers and geographic areas. While growing the existing
business, Ms. Marchionni oversaw the opening of several key stores
– including the 5th Avenue flagship store in New York City as well
as stores in other markets including Toronto, Chicago, Aspen and
Boston – and also strengthened the brand's partnership with major
U.S. department stores. Working closely with the product
development teams, sell-through was also advanced in each category
and channel, including online. Prior to that, over the course
of a career as a global group director at Dolce&Gabbana that
stretches back to 2001, she led business development for business
units in more than 100 countries. Ms. Marchionni was also Senior
Vice President at Ferrari where she acted as the chief executive of
a division that generated an important portion of the company's
worldwide sales. Earlier in her career, Ms. Marchionni held
positions of increasing responsibility in product marketing and
sales at industry-leading consumer technology and
telecommunications companies such as Samsung, Phillips, and
Ericsson. She graduated summa cum laude from La Sapienza
University of Rome with a Master's Degree in Business
Administration.
Ms. Marchionni will assume the CEO position at Lands' End and
join the Company's Board of Directors on February 17, 2015,
following the completion of her professional commitments to
Dolce&Gabbana. Mr. Huber will remain as CEO to assist in
the transition process until Ms. Marchionni joins the Company.
About Lands' End, Inc.
Lands' End, Inc. (Nasdaq:LE) is a leading multi-channel retailer
of casual clothing, accessories, footwear and home products. We
offer products through catalogs, online at www.landsend.com and
affiliated specialty and international websites, and through retail
locations, primarily at Lands' End Shops at Sears® and standalone
Lands' End Inlet® Stores. We are a classic American lifestyle brand
with a passion for quality, legendary service and real value, and
seek to deliver timeless style for men, women, kids and the
home.
The photo is also available via AP PhotoExpress.
CONTACT: Investors:
ICR
John Rouleau / Rachel Schacter
(203) 682-8200
John.Rouleau@icrinc.com
Rachel.Schacter@icrinc.com
Or
Lands' End, Inc.
Mike Rosera
Chief Operating Officer and Chief Financial
Officer
(608) 935-9341
Media:
Sard Verbinnen & Co
Matthew Benson / Nathaniel Garnick
(212) 687-8080
Or
Lands' End, Inc.
Michele Casper
Director of Public Relations
(608) 935-4633
Lands End (NASDAQ:LE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lands End (NASDAQ:LE)
Historical Stock Chart
From Apr 2023 to Apr 2024