Former CFO of Lululemon to head finance at Chico’s

Chico's FAS has ended its search for a permanent CFO.

The apparel retailer named Patrick J. Guido as CFO, effective September 20. In connection with the appointment, David Oliver, who has served as Chico’s interim CFO since February 2020, has been reappointed to his prior role of senior VP finance – controller and chief accounting officer.

Most recently, from May 2020 to June 2021, Guido served as senior VP and CFO at Asbury Automotive Group, one of the largest automotive retail and service companies in the United States. Prior to Asbury, he was executive VP and CFO of Lululemon Athletica. Guido joined the athletic apparel company in 2018, and resigned in May 2020. 

Before Lululemon, Guido served as treasurer and VP of corporate development for seven years at VF Corporation. Earlier in his career, served in roles of increasing responsibilities at The Home Depot and Saks Inc.

"PJ is a highly accomplished finance executive with deep knowledge of the retail industry and a proven track record guiding companies through significant growth periods," said Molly Langenstein, president and CEO, Chico’s FAS.  "We are excited about the growth of our company.”

[Read More: Chico’s reports best Q2 earnings in years as Soma sales surge]

Langenstein further commented, "On behalf of the board and management team, I want to thank David for his leadership and many contributions over these past 18 months. We greatly value and appreciate David's stalwart leadership and guidance during this critical period in our company and look forward to continuing to benefit from his talent and financial expertise."