Designer Brands Inc. Announces Planned CEO Transition, Reiterates Fiscal 2022 Guidance
COLUMBUS, Ohio, Jan. 5, 2023 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company" or "Designer Brands"), one of the world's largest designers, producers and retailers of footwear and accessories, today announced a planned CEO transition process. The Company's Board of Directors (the "Board of Directors" or the "Board") has appointed Doug Howe, President of DSW, to succeed Roger Rawlins as the Company's Chief Executive Officer, effective April 1, 2023, at which time Rawlins will step down as Chief Executive Officer and as a member of the Board of Directors. Rawlins will continue to work with the Company for a twelve-month period in a Strategic Advisor role to facilitate a seamless leadership transition. This transition is the direct result of the Board of Directors' long-term succession planning with respect to the CEO role.
- Effective April 1, 2023
COLUMBUS, Ohio, Jan. 5, 2023 /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI) (the "Company" or "Designer Brands"), one of the world's largest designers, producers and retailers of footwear and accessories, today announced a planned CEO transition process. - This transition is the direct result of the Board of Directors' long-term succession planning with respect to the CEO role.
- "Roger has been at the forefront of Designer Brands' transformation from a shoe retailer to a brand builder.
- Also on January 5, 2023, the Company reiterated its fiscal 2022 financial guidance that was provided in connection with the third quarter 2022 financial results for the full 2022 fiscal year: