Francesca's president and CEO Michael W. Barnes resigns
The company appointed Mr. Barnes as Chairman, President, and Chief Executive Officer on December 5, 2014. Mr. Barnes joined francesca's after serving as Chief Executive Officer of Signet Jewelers since 2011.
Prior to Signet, he spent more than 25 years in increasingly senior roles at global consumer fashion accessory company Fossil Group concluding in the role of President, Chief Operating Officer and a Director from 2007 to 2010.
The Company's former Lead Director, Richard W. Kunes, has been named interim Chairman, President and CEO.
Mr. Kunes has served on the Company's Board since February 2013 and served as the Lead Director from July 2015 until his appointment as interim CEO. A search for a successor has commenced.
Previously, Mr. Kunes served as Executive Vice President & Senior Advisor to the Chief Executive Officer at The Estée Lauder Companies from August 2012 to June 2013.
Prior to such time, Mr. Kunes served for 12 years as Executive Vice President and Chief Financial Officer at Estée Lauder, as well as holding several other financial management positions with Estée Lauder, including Corporate Controller.
He is currently a member of the Board of Directors and head of the Audit and Finance Committee of Tory Burch LLC. ■
What to read next
LATEST MOVES FROM Texas
- Western Gas names Jaime R. Casa as CFO
- Halliburton appoints Jeff Miller as CEO
- American Airlines EVP Beverly Goulet to retire
- Kimbell Royalty Partners promotes Matthew S. Daly to COO
- Caris Life Sciences appoints John Marshall as CMO
More inside POST
New CEOs have 100 days to boost stock prices Leadership