Francesca Names Former Sage Stores Executive As Its CEO
Zacks Investment Research | Sep 20, 2016 11:23PM ET
Francesca's Holdings Corporation (NASDAQ:FRAN) has appointed Steven P. Lawrence as its new President and Chief Executive Officer (CEO). He will assume his new role effective from Oct 2016. Prior to this, Steven has worked as the Chief Merchandising Officer for apparel and accessories retailer, Sage Stores Inc.
Before Sage Stores, he had been at J.C. Penney Company Inc. (NYSE:JCP) for nearly 12 years.
Lawrence will replace Richard W. Kunes who had been serving as the interim, President and CEO of Francesca since May 2016. The company had appointed Richard Kunes after its former CEOhad retired citing personal reasons. After Steven assumes his role, Richard Kunes will assume the role of Chairman of the Board.
We expect Francesca will achieve new heights under Steven’s leadership. In his illustrious 26 years of experience, Steven has gathered an extensive knowledge in retail. He has also successfully led several teams to effectively execute strategic plans and in turn drive growth.
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