Lands’ End Inc. announced that its CEO Federica Marchionni has stepped down from her role and resigned as director. Its board of directors appointed Joseph Boitano and James Gooch co-Interim CEOs, effective immediately.
Boitano currently serves as Executive Vice President and Chief Merchandising and Design Officer. Gooch serves as Executive Vice President and Chief Operating and Financial Officer.
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The board is working with Heidrick & Struggles, a global executive search firm to assist in hiring a permanent CEO.
“On behalf of the entire board, I want to thank Federica for her dedication and contributions to Lands’ End,” said board chairman Josephine Linden. “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.”
Linden added that Marchionni is leaving Lands’ End well positioned to continue its evolution and capture growth opportunities. He added both Boitano and Gooch are seasoned retail executives with a deep understanding of and appreciation for Lands’ End values, customer base and growth opportunities.
“I am honored to have led this extraordinary company and proud to have succeeded in providing a vision to expand its positioning in the industry with a multi-dimensional strategy,” said Marchionni. “However, the board of directors and I have agreed it is time for others to bring Lands’ End in to the future.”
Marchionni, who was named CEO in February 2015, was previously president of Dolce&Gabanna USA Inc. While there the company grew its revenue significantly, and Marchionni successfully elevated brand positioning and expanded its strategy across multiple channels, target customers and geographic areas.
She also oversaw the opening of several key Dolce stores, including its Fifth Avenue flagship as well as others in Toronto, Chicago, Aspen and Boston.