Press release
Lands’ End Announces CEO Succession Plan
Andrew McLean to Succeed Jerome Griffith as CEO at End of 2022 Fiscal Year in January 2023 Griffith Will Continue Serving on Board of Directors and Become
About this update from Lands' End Inc
[{"type":"text","content":"Andrew McLean to Succeed Jerome Griffith as CEO at End of 2022 Fiscal Year in January 2023 Griffith Will Continue Serving on Board of Directors and Become Executive Vice Chair After Retiring as CEO McLean to Join Lands’ End as CEO-Designate and Board Member on November 1 DODGEVILLE, Wis., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Lands’ End, Inc. (NASDAQ: LE), a classic American lifestyle brand, today announced that Andrew McLean, President, International of American Eagle Outfitters, will join Lands’ End as CEO-Designate and as a member of the Board of Directors on November 1, 2022. Mr. McLean, 53, will assume the role of CEO following the planned retirement of Jerome Griffith, 64, at the conclusion of Lands’ End’s 2022 fiscal year ending January 27, 2023. After the CEO transition, Mr. Griffith will continue to serve as a Director and is expected to be nominated for re-election to the Board at the Company’s 2023 Annual Meeting of Stockholders. As part of this transition, he will become Executive Vice Chair after he retires as CEO. Josephine Linden, Chair of the Lands’ End Board of Directors, said, “On behalf of the Board, I would like to thank Jerome for his exceptional leadership over the past five years and for strongly positioning Lands’ End to capitalize on the opportunities ahead to generate significant value for our shareholders. Jerome has played a pivotal role in generating significant e-commerce growth, developing and expanding Lands’ End’s uni-channel distribution network to include top partners such as Kohl’s, Amazon, QVC and Target, stewarding the Company through numerous successful infrastructure upgrades, and increasing the Company’s recognition and engagement with consumers through unique collaborations. We are grateful for his commitment and dedication to Lands’ End and are pleased he will continue serving Lands’ End as a member of the Board after his retirement and assist in this important transition.” Mr. Griffith said, “I look forward to continuing to lead the Lands’ End team during the holiday season and through the conclusion of our fiscal year before handing the reins to Andrew. The past five years have been professionally and personally rewarding for me as I’ve had the privilege of working with and learning from our exceptionally talented team as we ushered in a new era of growth and success for Lands’ End. I am...