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On the Move has news on hiring and promotions at Brunt Workwear, Williams-Sonoma and The Oodie.
Welcome to On the Move. In this hiring-focused weekly feature, The Current is rounding up recent arrivals and departures at brands and retailers across the ecommerce, retail and CPG landscape.
This week, Edgewell Personal Care and Estée Lauder are restructuring leadership teams, while C-suites are seeing departures at Williams-Sonoma and West Elm. Plus, Brunt Workwear follows up a fundraise with the addition of a new group of leaders that bring experience from leading brands and retailers.
Here’s a look at this week’s comings and goings:
Alex Bellos was appointed to the role of co-CEO and board member at cooking and home brand Food52. Bellos previously served as president of home retailer West Elm. Bellos will serve alongside Food52 founder Amanda Hesser for six months. Then, Hesser will transition to executive chair. After more than a decade at The New York Times, Hesser turned Food52 into a touchstone for a new generation of ecommerce companies that took a media-first approach. The company harnessed content to build community before offering curated home products geared toward that audience. This year, it has acquired the brands Schoolhouse and Dansk to expand product offerings under its umbrella. Food52 launched its own line of pantry products this month.
Amanda Hesser and Alex Bellos, Food52. (Courtesy photo)
Jacqueline Ardrey is set to join women's travel and apparel retailer Vera Bradley as CEO. Ardey will succeed Robert Wallstrom, who is retiring on Nov. 1 after a nine-year stint as CEO. Previously, Ardey was CEO of Trading Company Holdings and SVP of merchandising and supply chain for Harry and David. “I have long admired Vera Bradley, Inc. and believe both the Vera Bradley and Pura Vida brands have untapped potential in the marketplace,” Ardrey said in a statement.
Edgewell Personal Care, which owns brands including Schick, Playtex and Banana Boat, announced changes to its leadership structure. Nick Powell is set to depart the role of president of international. With this, Powell’s duties are set to be split between CEO Rod Little and CFO Dan Sullivan, who will add the role of president of Europe and Latin America. Effective Oct. 1, Little will lead the Japan and Greater China markets, and Sullivan will lead Europe, Latin America, Oceania and Distributor markets as well as the International Brand Strategy group. Eric O'Toole will continue to lead North America, and assume increased responsibility with the integration of recently-acquired women’s shaving brand Billie.
The Estée Lauder Companies announced an evolution of the leadership of its brand portfolio. With this move, Jane Hertzmark Hudis and the newly-promoted Stéphane de La Faverie will each serve as executive group presidents, with each leader overseeing a cluster of the beauty company’s brands. Hudis will add Clinique, MAC and Tom Ford Beauty to her purview, while continuing to lead skincare, haircare and initiatives focused on China. de la Faverie will add brands including Too Faced, Smashbox and GLAMGLOW to his portfolio, and add oversight of the makeup category. This follows the exit of former executive group president John Demsey earlier this year. The company also announced the following brand leadership moves:
Jane Hertzmark Hudis. (Courtesy photo)
TJ Parker and Elliot Cohen, who founded PillPack and sold the company to Amazon in 2018, are leaving the ecommerce giant, Geekwire reported, citing an internal memo. Following the PillPack acquisition in 2018, Parker and Cohen remained with the company as Amazon Pharmacy was launched in 2020. Leadership of Amazon Pharmacy has since transitioned to John Love. Meanwhile, Amazon appears to be eyeing expansion in healthcare following the July acquisition of primary care network One Medical.
John Standley is leaving his role as Walgreens' president amid a change in leadership of its US business segment. Standley's role will be split into two segments: Pharmacy, led by Lee Cooper, who is currently CEO of Shields Health Solutions, which is set to be acquired outright by Walgreens Boots Alliance in a deal announced Tuesday. Retail will be led by Tracey Brown, president of Walgreens Retail Products and chief customer officer.
Jeff Howie was appointed CFO at Williams-Sonoma, rising after a 20-year stint with the brand. Current CFO Julie Whalen will join Expedia Group as CFO. A 20-year veteran of the home retailer, Howie most recently served as EVP and chief administrative officer. He has also served in executive leadership roles at Williams Sonoma, Pottery Barn, Pottery Barn Kids and Pottery Barn Teen.
Tim Eaves and Alexandra Chauvigné. (Courtesy photo)
Alexandra Chauvigné recently became CEO of cosmetics packaging manufacturer Quadpack. Effective Sept. 1, she succeeded cofounder Tim Eaves, who will remain the chair of Quadpack’s board of directors and work on sustainability initiatives in the newly created role of chief impact officer. Chauvigné recently served as general manager of Consumer Packaging, a business unit of DS Smith, and held executive positions at Aptar.
Davie Fogarty is stepping down as CEO of comfort wear brand The Oodie, maker of a wearable blanket hoodie that became a breakout pandemic success. In a Twitter post, Fogarty shared that the brand scaled from $1.6 million in sales in 2019 to $184 million in 2022. He will be succeeded by current COO Belinda Barlow, who will focus on expanding sales channels beyond DTC to include marketplaces and wholesale.
\u201cNext week I step down as CEO of The Oodie.\n\nIt has been a wild ride...\n\n[THREAD]\u201d— daviefogarty (@daviefogarty) 1663705238
Brunt Workwear, a footwear and apparel brand for construction and trade workers, announced the following recent hires as it triples its team size following a $20 million Series B in February:
The job market continues to hum.
The labor market continued to show strength to start 2023, as the monthly jobs report posted big numbers.
Key data from the U.S. Bureau of Labor Statistics’ monthly jobs report:
The Current’s view: The labor market continues to be an economic outlier. While there are signs of consumer pullback and belt-tightening among tech companies and retailers after months of high inflation, the job picture remains bright. While tech companies and some retailers are cutting back markedly, there are few signs of the widespread “pain” that economists predicted in this indicator of the economy.
What brands and retailers are thinking: Jobs are a major indicator of demand, and the labor market continues to hum along. That means the consumer pullback is tied to choices about discretionary spending and holding off on certain purchases in the face of high prices, moreso than being unable to afford items altogether.
What the Fed is thinking: Here’s more evidence that a soft landing might be possible. The Fed has been raising interest rates to bring down inflation. There is risk that this will slow down the economy, including employment. There was some slowing in job growth in December, but this report indicates labor market softening still hasn’t happened for a sustained period, even as inflation is cooling. After the central bank scaled back its latest interest rate hike to 0.25% on Wednesday, Fed Chair Jerome Powell said he sees a “path” to bringing down inflation without a significant rise in unemployment. Here’s one more piece of data to bolster that belief.
Keep in mind: The labor market is still out of balance between supply and demand. This report shows a big rise in jobs and the labor force participation rate remaining the same. Job openings actually increased in December, the Labor Department found. So there a still the case. Eventually, it will likely have to come into balance. But given the unpredictability of this economic era, it’s tough to know when, or even how.