David’s Bridal is saying “I do” to veteran executives of Frederick’s of Hollywood and National Stores, at least for now.
In the wake of its recent emergence from Chapter 11 bankruptcy protection, David’s Bridal is shaking up its C-level executive team. Former CEO Scott Key and former CFO Joan Hilson have stepped down from their roles at the company.
Tom Lynch, former chairman and CEO of Frederick’s of Hollywood, has been appointed interim CEO and Curt Kroll, who most recently served as interim chief revenue officer and CFO at National Stores, has been appointed as interim CFO.
"We are pleased to welcome Tom and Curt to David's Bridal," said Christine Pope, board chair of David's Bridal and a senior VP at Oaktree Capital Management. "Tom and Curt both have significant experience and valuable skills leading transformations and positioning retail and other businesses for growth. We look forward to their contributions to this extraordinary company and team of committed individuals."
“I am thrilled to take on this important role alongside the talented and driven team at David's Bridal," said Lynch. "With the oversight and support of our world-class board of directors, David's Bridal is beginning an exciting chapter of transformation, and I look forward to leveraging my experience to return this iconic business to its position as the clear leader in the bridal industry."
"David's Bridal is the premier bridal retailer in the U.S., and I am delighted to have the opportunity to work alongside Tom and the rest of the team to further strengthen the financial foundation of this business as we drive a transition focused on long-term growth and success for the company," said Kroll.
Jeffrey Zelenko, who has over 20 years of experience in the bridal industry and as a strategic advisor will provide advice and insights to the management team and the board of the company.
David's Bridal also provided an update on its board of directors, which is now comprised of six new members, all of whom are professionals with experience across specialty and omnichannel retail, finance and branding.
In addition to chair Christine Pope, the board is now comprised of Christine Barton, senior partner & managing director at Boston Consulting Group; Venita Fields, partner of Pelham S2K and a member of the Pelham S2K investment committee; Jeff Kuster, group president, North America at Ralph Lauren Corp.; Katherine Rice, a senior executive in the consumer and omnichannel retail industries; and Ilana Stern, an entrepreneur, lecturer in entrepreneurship at the Stanford Graduate School of Business and the founder and former CEO of Weddington Way.