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Citi Trends Inc (CTRN.OQ)

CTRN.OQ on NASDAQ Stock Exchange Global Select Market

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21 Nov 2019
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Summary

Name Age Since Current Position

Brian Carney

58 2019 Chairman of the Board

Bruce Smith

60 2018 President, Chief Executive Officer, Secretary, Director

Stuart Clifford

65 2018 Chief Financial Officer, Senior Vice President

Ivy Council

62 2012 Executive Vice President - Human Resources, Chief Compliance Officer

Lisa Powell

2019 Executive Vice President and Chief Merchandising Officer

Charles Crowell

66 2011 Senior Vice President - Supply Chain

James Dunn

62 2006 Senior Vice President - Store Operations

Christina Short

47 2018 Senior Vice President, General Merchandise Manager

Peter Sachse

61 2019 Director

Jonathan Duskin

51 2017 Independent Director

Laurens Goff

46 2013 Independent Director

Margaret Jenkins

67 2017 Independent Director

Kenneth Seipel

53 2019 Independent Director

Biographies

Name Description

Brian Carney

Mr. Brian P. Carney has been appointed as Chairman of the Board of the company, Effective June 06, 2019. is no longer as an Independent Director of Citi Trends Inc., Effective June 06, 2019. Mr. Carney currently serves as Executive Vice President and Chief Financial Officer of BI-LO Holding, LLC, a grocery retailer, a position he has held since 2005. Prior to that time, Mr. Carney served as Executive Vice President and Chief Financial Officer of Jo-Ann Stores, Inc., a specialty retailer, from 1997 to 2005, as Senior Vice President of Finance of Revco, D.S., Inc., a drug store retailer, from 1989 to 1997, and as an Audit Manager with Arthur Andersen & Co., a public accounting firm, from 1982 to 1989.

Bruce Smith

Mr. Bruce D. Smith is no longer President, Chief Executive Officer, Secretary, Director of the Company, effective February 1, 2020. Prior to that role, he served as the Company’s Executive Vice President and CFO from March 2010 to March 2015, and Senior Vice President and CFO from April 2007 to March 2010. From 2005 to March 2007, Mr. Smith served as Executive Vice President, Chief Financial Officer and Treasurer of Hancock Fabrics, Inc. (“Hancock”), a specialty retailer of fabrics and related accessories, and served as the Senior Vice President, Chief Financial Officer and Treasurer of Hancock from 1996 until 2005. From 1991 to 1996, Mr. Smith served as Executive Vice President and Chief Financial Officer of Fred’s, Inc. From 1980 to 1991, Mr. Smith was a Senior Manager with Price Waterhouse (now PricewaterhouseCoopers LLP). Mr. Smith is a certified public accountant.

Stuart Clifford

Mr. Stuart C. Clifford is the Chief Financial Officer, Senior Vice President of the Company, He has served as the Vice President, Finance of the Company since October 2014. Prior to that role, he served as the Company’s Director of Accounting from July 2007 to September 2014. Prior to joining the Company, Mr. Clifford served in various financial and operational positions with Friedman’s Jewelers from 1992 to 2004.

Ivy Council

Ms. Ivy D. Council is Executive Vice President - Human Resources, Chief Compliance Officer of Citi Trends Inc., since March 2012. Ms. Council served as Senior Vice President of Human Resources since January 2007. In 2006, Ms. Council served as Vice President of Human Resources for Baja Fresh Restaurants, a division of Wendy’s, Inc. From 2003 to 2006, Ms. Council served as Executive Vice President of Human Resources for Pasta Pomodoro Restaurants and as a director of such entity from 2001 through 2002. Prior to that, Ms. Council served as Senior Vice President of Human Resources for Ross Stores.

Lisa Powell

Ms. Lisa Powell is Executive Vice President and Chief Merchandising Officer of the Company. She will oversee the merchandising, planning and allocation functions of the Company. She has extensive off-price retail experience, serving TJX, Inc. for 20 years in various merchandising and planning/allocation positions, including Vice President & General Merchandise Manager, Ladies Sportswear. More recently, Ms. Powell has served for the last five years as Vice President & General Merchandise Manager, Mens and Ladies Omni Channel, of Century 21 Department Stores.

Charles Crowell

Mr. Charles D. Crowell is Senior Vice President - Supply Chain of Citi Trends Inc., since April 2011. From 2004 to March 2011, Mr. Crowell served as Vice President, Distribution for Hecht’s, a division of May Department Stores Company, and Macy’s, Inc. upon the merger of the two companies. Mr. Crowell served as Vice President, Distribution Services for The Home Depot from 1997 to 2002 where he was responsible for the operations of a worldwide network of 62 distribution facilities. Prior to that, Mr. Crowell served as Vice President of Transportation and Distribution for Best Products.

James Dunn

Mr. James A. Dunn is Senior Vice President - Store Operations of Citi Trends Inc., since 2006. He was Vice President of Store Operations since 2001. From January to April 2001, Mr. Dunn was our Director of Training and Development and from 2000 to 2001, was one of our Regional Managers. Prior to joining us, Mr. Dunn was a Store Manager at Staples from 1999 to 2000. Prior to that, Mr. Dunn was a Regional Manager at Dress Barn, where he supervised 77 stores and 10 district managers.

Christina Short

Ms. Christina K. Short is the Senior Vice President, General Merchandise Manager of the Company . Ms. Short has served as our Senior Vice President, General Merchandise Manager since March 2018, and as our Vice President, General Merchandise Manager from March 2017 to March 2018. Ms. Short served as Vice President of Planning and Allocation, Divisional Merchandise Manager, from October 2016 to March 2017, and as Vice President of Planning and Allocation from February 2015 to October 2016. From the time Ms. Short joined the Company in March 2013 to February 2015, she was a merchandise buyer. From 2011 to 2013, Ms. Short was a buyer at ideeli Inc., an online apparel retailer, after spending 11 years at TJX Companies, Inc. in various capacities in the merchandise planning, allocation and buying areas.

Peter Sachse

Mr. Peter R. Sachse is a Director of the Company. He has served as Director at the Sachse Family Fund, an early stage investor in digital startups, since March 2017. Previously, Mr. Sachse spent 34 years in various positions at Macy’s, Inc., including as the Chief Growth Officer from February 2016 until January 2017, Chief of Innovation and Business Development from February 2015 to February 2016, Chief Stores Officer from February 2012 to February 2015, Chief Marketing Officer from February 2009 to February 2012 (a title which he also held from June 2003 to May 2007), and President of Corporate Marketing from May 2007 to February 2009. Mr. Sachse was also Chairman and Chief Executive Officer of the macys.com division of Macy’s, Inc. from April 2006 to February 2012. Mr. Sachse has served as a director of Mattress Firm since February 2019, and previously served as a director of XO Group Inc., a media and technology company that provides content, tools, products and services for couples who are planning weddings, creating a home, and starting a family, from February 2010 until December 2018 and from October 2006 through April 2007, and as an observer to the board from April 2007 to February 2010. Mr. Sachse also previously served as a director of Charitybuzz Inc., a for-profit internet company that raises funds for nonprofit organizations through online charity auctions with celebrities and brands, from 2012 until 2015. Prior to serving in these roles, Mr. Sachse was President and Chief Operating Officer of The Bon Marche, a department store chain launched in Seattle. He began his retail career with Macy’s, Inc. in Kansas City. He also served as Executive Vice President/General Merchandise Manager at Macy’s East and later as Vice Chair/Director of Stores of Macy’s East.

Jonathan Duskin

Mr. Jonathan Duskine is an Independent Director of the Company. He is a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee. Since July 2009, Mr. Duskin has served as the Chief Executive Officer of Macellum Capital Management, LLC, which operates a New York-based pooled investment fund. From 2005 to 2008, Mr. Duskin served as a Managing Director and Partner at Prentice Capital Management, LP, an investment management firm, and from 2002 to 2005, Mr. Duskin served as a Managing Director at S.A.C. Capital Associates LLC, a New York-based hedge fund. From 1998 to 2002, Mr. Duskin served as a Managing Director at Lehman Brothers Inc., an investment bank, and served as Head of Product Management and Chairman of the Investment Policy Committee within the Research Department. Mr. Duskin currently serves on the board of directors of Christopher & Banks Corporation and previously served on the boards of directors of The Wet Seal, Inc., Whitehall Jewelers, Inc. and Furniture.com Inc.

Laurens Goff

Mr. Laurens M. Goff is an Independent Director of the Company. Mr. Goff is a co-founder and Managing Partner of Stone-Goff Partners, a private equity firm founded in 2010 that is focused on investing in private companies in the lower middle market. Prior to that, he was Managing Partner of Goff Management, a predecessor firm, which he founded in 2007. Mr. Goff began his career in the investment banking division of Furman Selz LLC. He subsequently joined Hampshire Equity Partners, a middle market buyout firm, where he spent over eight years sourcing, executing and managing private equity investments, including Citi Trends, prior to its initial public offering in 2005.

Margaret Jenkins

Ms. Margaret L. Jenkins serves as Independent Director of the Company. Ms. Jenkins previously served as a director of PVH Corp., an apparel Company with brands such as Calvin Klein, Tommy Hilfiger and Warnaco, and in senior marketing positions with Denny’s Corp., El Pollo Loco, Taco Bell and Pepsi International.

Kenneth Seipel

Mr. Kenneth Seipel is Independent Director of the Company. He was appointed to serve on the audit, compensation, and nominating and corporate governance committees of the Board.

Basic Compensation