C-Suite Moves: May update
Here are the major C-suite changes that occurred in May, in the order they were announced. (All changes have already taken effect unless otherwise noted.)
Arthur T. Demoulas, CEO of 90-store, family-controlled New England grocery store chain Market Basket, has been placed on leave while an investigation is launched into his conduct. The investigation will include a review of “credible” allegations that Demoulas had started planning a disruption of the business and operations of Market Basket with a work stoppage.
•The Home Depot has promoted company veteran Angie Brown to executive VP and chief information officer. She succeeds Fahim Siddiqui, who has served as CIO since April 2022.
•Aldi U.S. said that CEO Jason Hart has been promoted to join the executive board of Aldi South as group COO, effective Sep. 1. Atty McGrath, currently COO of Aldi U.S., will assume the U.S. chief executive role.
•Target Corp. announced several leadership changes. Chief strategy and growth officer Christina Hennington has been moved into a strategic advisor role and will leave the company in September. Also departing Target is chief legal and compliance officer Amy Tu. Target COO Michael Fiddelke has been charged with overseeing a new department — the Enterprise Acceleration Office.
•Sharon Leite, who previously served as CEO of The Vitamin Shoppe from 2018 to 2023, has returned as its chief executive. Her appointment follows the completion of the company’s acqusition by private equity firms Kingswood Capital Management and Performance Investment Partners.
•Luxe home furnishings retailer RH appointed Lisa Chi as president, co-chief merchandising and creative officer. Previously, she served as senior VP of merchandising for upholstery at RH, before leaving to join Arhaus in 20221.
•Dollar Tree Inc. said that Duncan MacNaughton will serve as chairman and CEO of Family Dollar following the close of the chain’s previously announced divestiture. In March, Dollar Tree Inc. entered into a deal to sell its struggling Family Dollar business to Brigade Capital and Macellum Capital for $1 billion.
•Bath & Body Works appointed Daniel Heaf as its new chief executive, replacing Gina Boswell, who “stepped down” from the role and as board member. Most recently, Heaf served as chief strategy and transformation officer for Nike.
•David Reeder plans to step down as CFO of Chewy in several months. The company has started a search for a new finance chief.
•1-800 Flowers.com Inc. named Adolfo Villagomez as CEO, succeeding founder Jim McCann, who will remain executive chairman and be actively involved in the company. Villagomez is the first non-family member to lead the company.
•Boot Barn appointed John Hazen as CEO. Hazen, who joined the retailer in 2018 as chief digital officer, had been serving in the position on an interim basis since November 2024, following the departure of Jim Conroy, who left to become the CEO of Ross Stores.
•Nike Inc. made a series of changes to its senior leadership team, including the retirement of Heidi O’Neill, president of consumer, product and brand. She will continue to serve in an advisory capacity until September 2025.
In other changes, Phil McCartney, formerly VP of footwear, has been promoted to executive VP, chief innovation, design & product officer. Nicole Graham, previously chief marketing officer, has been promoted to executive VP, chief marketing office. Tom Clarke, currently strategic advisor to the CEO and member of the senior leadership team, has assumed the new role of chief growth initiatives officer.
•Sleep Number Corp. announced several C-suite changes, including the appointment of Tanya Skogerboe of senior VP and chief supply chain and transformation officer. Chris Krusmark, formerly executive VP and chief human resources officer, has been named executive VP and chief retail and people officer.
Also, Melissa Barra, formerly executive VP and chief sales and services officer, has been appointed to the newly created position of executive VP and chief product and enterprise strategy officer.
•Kohl’s Corp. fired CEO Ashley Buchanan four months after he stepped into the role. He was let go “for cause,” following an investigation which found that Buchanan violated company policies “by directing Kohl’s to engage in vendor transactions that involved undisclosed conflicts of interest.”
Buchanan joined Kohl’s in January from Michaels Companies, where he had served as CEO since 2020. for cause, following an investigation conducted by outside counsel and overseen by the audit committee of its board.
