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Citi Trends appoints acting CEO and executive chairman

Citi TrendsCiti Trends, a fashion retailer, announced that it has appointed Bruce Smith, the company's COO and CFO, as acting chief executive officer, and Ed Anderson as executive chairman.

Mr. Smith has been the CFO of Citi Trends since April 2007 and has served as its Chief Operating Officer since March 2015.

Mr. Smith brings more than 35 years of experience in strategic and financial management and operations.

Prior to joining Citi Trends, Mr. Smith served as CFO and Executive Vice President of Hancock Fabrics Inc., a specialty retailer of crafts and fabrics.

Prior to that, he served as CFO and Executive Vice President of discount retailer, Fred's Inc.

Mr. Smith is a Certified Public Accountant.

Mr. Anderson has served as a Citi Trends director since 2001 and as Chairman of the Board since May 2006, including holding the Executive Chairman title on three occasions.

Mr. Anderson served as CEO of the Company from 2001 to April 2009 and returned to that position from January 2012 to March 2015.

From 1997 to 2001, he was Chief Financial Officer of Variety Wholesalers, Inc., an operator of discount stores.

Prior to 1997, Mr. Anderson served as Chairman, President and Chief Executive Officer of Rose's Stores, Inc., a discount retailer.



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