Burlington Stores, Inc. Announces Senior Leadership Promotions
January 23, 2017,
BURLINGTON, N.J.--( BUSINESS WIRE )--Burlington Stores, Inc. (NYSE:BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, today announced senior leadership promotions to support the Company’s continued growth and recognize key executives who have made significant contributions to the Company’s success. These changes will be effective on January 30, 2017.
Jennifer Vecchio, the Company’s Executive Vice President/Chief Merchandising Officer since May 2015, will be promoted to the newly created role of Chief Merchandising Officer/Principal, and will assume responsibility for the Merchandise Planning, Allocation and MIO functions. Marc Katz, the Company’s Executive Vice President and Chief Financial Officer since January 2015, will be promoted to Chief Financial Officer/Principal. In this newly expanded role, Mr. Katz will assume responsibility for the Company’s Supply Chain, Procurement, Corporate Services and Asset Protection functions, while continuing to serve as the Company’s Chief Financial Officer and oversee the Information Technology group. Fred Hand, the Company’s Executive Vice President of Stores since February 2008, will be promoted to the newly created role of Chief Customer Officer/Principal. In this position, Mr. Hand will continue to oversee Store Operations, Real Estate and Store Design/Construction, and will assume responsibility for Marketing, Strategy and E-Commerce.
All three executives will continue to report to Burlington’s President and Chief Executive Officer, Thomas A. Kingsbury.
“Fred Hand is an exceptionally talented executive with a breadth of retail experience and a keen focus on the needs of our customers. His record of strong leadership at Burlington and deep experience at other leading retailers will serve him well in his expanded role,” said Mr. Kingsbury.
In conclusion, Mr. Kingsbury said, “Jennifer, Marc and Fred have consistently demonstrated strong business acumen and exceptional managerial skills. This new leadership structure positions the Company for continued growth and success.”
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