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C-Suite Moves: December update

Only 20% of C-suite executives think their own boards are diverse enough.

Here’s a look at the major C-suite appointments that occurred during the month of December (listed in the order they were announced).

Footwear giant Wolverine Worldwide appointed Bishu Jayaram to serve in the newly-created role of chief supply chain officer. Jayaram, a seasoned executive with over 20 years in supply chain and sourcing roles, has served as Wolverine Worldwide’s senior VP of global sourcing for the past two years. 

Before joining Wolverine, Jayaram spent six years with VF Corp. in a variety of supply chain capacities.

Save A Lot  named Fred Boehler as its permanent chief executive. He has been serving as interim CEO since Oct. 31, following the departure of former chief Leon Bergmann. Save A Lot services approximately 800 stores in 32 states. The company sold off its remaining company-owned stores in August, completing its transition to being a 100% grocery wholesaler.

TGI Fridays named Ray Risley as U.S. president and COO and Nik Rupp as president of international markets and CFO. The appointments come as the casual dining chain continues to implement a growth plan to revitalize the iconic brand globally under the leadership of Weldon Spangler, who was appointed CEO in October.

PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger,  promoted Amba Subrahmanyam to chief people officer, effective Feb. 5. Subrahmanyam, who joined PVH in February 2022 and currently serves as executive VP of people for PVH Americas and Calvin Klein Global, succeeds Julie Fuller, who joined PVH in 2020 and is leaving to pursue other opportunities. 

Grocery Outlet said that Charles Bracher will step down as CFO to pursue another opportunity, effective March 1. The extreme-value grocer said it will begin a search to identify its next CFO with the assistance of a leading executive search firm.

Elisa Bannon-Jones is joining Rue21 as senior VP, chief people officer. She joins the teen apparel retailer from vitamins, supplements and wellness retailer GNC, where she has spent the past two years as chief people officer. Bannon-Jones is one of several executives to move from GNC to Rue21 this year following the appointment of former GNC head Josh Burris as CEO in March.

Macy’s, Inc. said that Tracy Preston will join the company as chief legal officer, effective Jan. 8, 2024. Most recently, she served as chief compliance officer, chief legal officer and corporate secretary of HanesBrands Inc., beginning in March 2021. Before that, she held the same titles at Neiman Marcus Group for more than eight years.

Scott Settersten will retire as CFO, treasurer and assistant secretary of Ulta Beauty after nearly 20 years with the specialty beauty retailer, effective April 1, 2024. Paula Oyibo, who presently serves as senior VP of finance at Ulta Beauty, will succeed Settersten as CFO.

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