Lands’ End, Inc. has announced that Federica Marchionni has stepped down from her role as Chief Executive Officer and resigned as a Director. Its Board of Directors has appointed Joseph Boitano and James Gooch Co-Interim Chief Executive Officers, effective immediately.
Mr. Boitano currently serves as Executive Vice President and Chief Merchandising and Design Officer, and Mr. Gooch currently serves as Executive Vice President and Chief Operating and Financial Officer. Josephine Linden, Chairman of the Board of Lands’ End, said: “On behalf of the entire Board, I want to thank Federica for her dedication and contributions to Lands’ End. Her creative vision has helped Lands’ End begin its transformation as a global lifestyle brand with a broader merchandise offering that is more relevant in today’s marketplace. Federica is stepping down at this time, leaving Lands’ End well positioned to continue its evolution and capture the growth opportunities that exist for our iconic brand in this dynamic retail environment.”
Commenting on their appointments, Mr. Boitano and Mr. Gooch, said, “We are honoured by the opportunity to lead Lands’ End as a team at this pivotal time, and we look forward to working to drive improved financial performance and enhance the customer shopping experience while Lands’ End finds its next CEO.”
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