Bonnie Brooks Is Back in the CEO Chair
Chico's FAS announced that Bonnie Brooks, former vice chair, president and CEO of Hudson's Bay Company and a current member of the Chico's FAS board of directors, has been appointed interim CEO, effective immediately. This appointment follows the resignation of Shelley Broader from her roles as CEO, president, and board member.
"Bonnie is a successful retail executive and merchant who has led the turnaround of other fashion retailers, and we are pleased to have her step into the CEO role on an interim basis," said David Walker, chair of the board. "Her experience in the industry as well as her time on the Chico's FAS board give her a deep understanding of our brands and customers. We are confident that Bonnie will be able to quickly step into the business to benefit the sales, products and merchandising across all of the company's brands as the board continues its search for a permanent CEO with a strong apparel track record."
Chico's FAS has engaged Herbert Mines Associates to search for a permanent CEO and president. The board search committee is chaired by Bill Simon, a member of the Chico's FAS board since 2016 and previously president and CEO of Walmart U.S. and EVP of Walmart Stores.
"One of our company's key competitive advantages is the loyalty and strength of the core customer,” Brooks said. “We look forward to tapping into this further, and more aggressively, to enhance the growth and positioning of our Chico's, White House Black Market, Soma and our newest brand, TellTale. We have dedicated associates across the organization, and I look forward to working with them as Interim CEO.