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Nike shifts digital leaders; Glossier levels up the C-suite
On the Move has updates from Allbirds, Stitch Fix, GrubHub and PVH Corp.
Welcome to On the Move. Every week, The Current is rounding up the comings and goings of leaders at brands and retailers across the ecommerce, retail and CPG landscape.
This week, key executive roles at GrubHub, Nike and Gap. Inc. are seeing change, while CFO seats continue to shuffle across retail and consumer goods. Plus, PVH Corp. is welcoming a communications chief as it advances digital commerce.
GrubHub CEO steps down
Adam Dewitt is stepping down as CEO of GrubHub. A cofounder of the online delivery platform, Dewitt served in key leadership roles over 11 years, and rose to the CEO role in 2021 following the company’s acquisition by Just Eat Takeaway.
With the move, Howard Migdal will assume the CEO role in May. Migdal is currently CEO of Just Eat Takeaway Canadian subsidiary SkipTheDishes. In turn, SkipTheDishes SVP of Growth and Restaurant Success was appointed interim CEO of SkipTheDishes.
Executive departures at Gap Inc.
With its most recent earnings report, Gap Inc. announced that a pair of executives will be leaving the company. They are as follows:
- Asheesh Saksena will depart, as his current role of chief growth officer for Gap Inc. is being eliminated.
- Mary Beth Laughton, who serves as CEO of Athleta, will be departing the company.
- Sheila Peters, chief people officer, will leave the company at the end of the year.
The moves come as Gap pursues cost savings by “increasing spans of control and decreasing management layers to improve quality and speed of decision making, as well as creating a consistent organizational structure across all four brands focused on elevating its product and customer experience across all channels,” the company reported. For fiscal year 2022, Gap reported a net sales decline of 6% year-over-year, and an adjusted net loss of $145 million.
Nike makes key leadership appointments
Nike made a series of leadership moves in support of its digitally-focused strategy, called Consumer Direct Acceleration. The appointments are as follows:
- Amy Montagne will assume the role of VP/GM of women’s. An 18-year Nike veteran, Montagne currently serves as VP/GM of Asia-Pacific-Latin America and has held a variety of VP and leadership roles.
- Cathy Sparks, currently VP of Nike Direct, will assume the role of VP/GM of Asia Pacific-Latin America. A 25-year veteran of Nike, Sparks has led the execution of CDA.
- Whitney Malkiel, the VP/GM of women’s decided to leave the company after 25 years, according to Nike.
Campbell Soup gets new CFO
Carrie Anderson. (Courtesy photo)
Campbell Soup Company’s recent earnings call had a new voice on the line. Carrie Anderson joined the CPG as chief financial officer on Feb. 6.
Anderson was previously CFO of medical technology company Integra LifeSciences, and also spent seven years with the Dover Corporation.
Anderson succeeded Mick Beekhuizen, who moved to the role of president of meals and beverages at Campbell’s in November.
Glossier makes leadership appointments
On the heels of entering Sephora stores, beauty brand Glossier announced a series of promotions and hires in the C-suite. The moves are as follows:
- Marie Suter was promoted to chief creative director. Suter joined Glossier in 2018, and designed the brand's gondola that carries its products in stores.
- Kleo Mack was promoted to chief marketing officer. Mack joined two years ago from L'Oréal, and built a team focused on brand, product, influencer, omnichannel marketing and communications.
- Chitra Balireddi is joining Glossier as chief commercial officer, overseeing the business across ecommerce, wholesale and retail. Balireddi brings experience from Chanel and The Boston Consulting Group.
Roku hires Stitch Fix CFO
Dan Jedda will be joining Roku as chief financial officer in May. With the move, Jedda will be leaving Stitch Fix as chief financial officer in April. He joined Stitch Fix in 2020, and previously spent 15 years at Amazon.
Jedda will be succeeded by David Aufderhaar, who is currently SVP of Finance at the company.
The move comes on the heels of founder Katrina Lake stepping back into the CEO role of the company, and announcing that the company will refocus on personalized styling, as opposed to diversifying into areas that allowed consumers to select items one at a time. Stitch Fix reported a net revenue decrease of 20% year-over-year for the most recent quarter.
CFO change at Allbirds
Annie Mitchell will become chief financial officer of Allbirds, effective April 24.
Mitchell is set to join the footwear brand from Gymshark, where she served as VP of finance and insights. She previously served as CFO for adidas North America as part of a 10-year stint at the apparel company.
With the move, Mike Bufano is stepping down as CFO of the company. Leaders said he was a key part of the company’s 2021 IPO. Bufano will remain with the company through mid-May amid the transition.
PVH Corp. names communications chief
Amber (McCasland) McCann is joining PVH Corp. as EVP and chief communications officer.
McCann comes to the Tommy Hilfiger and Calvin Klein parent from Poshmark, where she served as VP of global brand and communications through its 2021 IPO and recent acquisition by Korean internet giant Naver. She previously spent 10 years at Levi Strauss & Co.
The appointment comes as PVH is undergoing a transformation strategy, called PVH+, that is designed to elevate digital commerce and center the consumer.
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This Week in Commerce: Nike earnings, Fed rate decision
Check out the agenda for March 20-24.
Welcome to a new week. Earnings offer a bellwether for the consumer economy this week, as key brands like Nike and General Mills will report results. Elsewhere, all eyes will be on the Federal Reserve as it announces its latest decision on interest rates.
Fed interest rate decision: The Federal Reserve Open Markets Committee announces its decision on whether and by how much to hike benchmark interest rates following its two-day meeting. The Fed has been hiking interest rates rapidly in an effort to bring down 40-year-high inflation, but slowed the pace at the February meeting with a 0.25% increase. (March 22, 2 p.m.)
Durable goods orders: The U.S. Commerce Department releases data on orders from manufacturers for goods that are designed to last more than three years. This is considered an indicator of business activity. In January, orders dropped at the steepest rate since April 2020. (March 24, 8:30 a.m.)
Monday, March 20: Boxed, Foot Locker
Tuesday, March 21: Nike, GameStop
Wednesday, March 22: Petco, Chewy
Thursday, March 23: General Mills, Express