Actionable news
0
All posts from Actionable news
Actionable news in DSW: DSW INC CLASS A,

Dsw Inc. Announces Ceo Transition;

The following excerpt is from the company's SEC filing.

Names Roger Rawlins as CEO, Succeeding Mike MacDonald Who is Retiring

Company Announces Preliminary Third Quarter 2015 Results;

Updates Full Year 2015 Guidance

Board Approves New $200 Million Share Repurchase Authorization

Columbus, OH, November 3, 2015-DSW Inc. (NYSE: DSW), a leading branded footwear and accessories retailer, today announced that Roger L. Rawlins,

Executive Vice President and Chief Innovation Officer, will succeed

Michael R. MacDonald as Chief Executive Officer, effective January 1, 2016. Mr. MacDonald, who is retiring from DSW and from the Board of Directors, will remain with the Company through the end of the year to help ensure a smooth transition. Mr. Rawlins will be appointed to the DSW Board of Directors, effective January 1, 2016.

Mr. Rawlins has extensive retail leadership experience including nearly a decade of experience with DSW. Prior to his current role, Mr. Rawlins served as Executive Vice President, Omni Channel, Senior Vice President and General Manager of DSW.com and Vice President, Finance and Controller. Prior to joining DSW in 2006, Mr. Rawlins served in leadership positions at HER Real Living and L Brands Inc.

“On behalf of the Board and everyone at DSW, I would like to thank Mike for his leadership and many contributions over the past six plus years, during which time DSW sales nearly doubled and profits increased fivefold,” said Jay L. Schottenstein, Chairman of DSW’s Board of Directors. “As part of our succession planning process, we are pleased to name an executive of Roger’s caliber to be our next CEO. Over the past three years we have made significant strides in

evolution to a more customer-centric company, and today we have a strong platform in place. Notwithstanding the challenging retail environment, I am confident we have the right plan - and that Roger is the right leader -

to continue executing our strategy to meet our customers’ needs and deliver long-term value for our shareholders.”

MacDonald said, “It has been a tremendous privilege to lead DSW. As we...


More