Travis Smith is stepping down as Jo-Ann Fabric and Craft Stores’ president and CEO, effective immediately — a role he was promoted to January 31, 2010.
The board of directors is undertaking a comprehensive search to find his replacement. Until then, Jim Kerr, the company’s EVP and CFO, will serve as interim CEO of the company, while continuing in his current role. Kerr will partner with Riddi Kline, EVP of marketing and merchandising, and Tom Williams, EVP of operations and human resources, to manage the business.