Home breadcru News breadcru Results breadcru US retailer Chico's appoints Patrick Guido as chief financial officer

US retailer Chico's appoints Patrick Guido as chief financial officer

23 Sep '21
2 min read
Pic: Chico
Pic: Chico's FAS

Chico's FAS has appointed Patrick Guido as chief financial officer of the company, effective September 20, 2021, and he will report directly to Molly Langenstein, chief executive officer and president of Chico's FAS. Guido has over 20 years of finance and operations experience and has held numerous executive leadership roles at premier retail and consumer companies.
 
Guido most recently served as senior vice president and chief financial officer at Asbury Automotive Group, one of the largest automotive retail and service companies in the US, according to the American specialty retailer. In this role, he helped support continued growth and financial strength during the COVID-19 pandemic, while also contributing to the development and implementation of the long-term strategic plan.  
 
Prior to this position, Guido served as executive vice president and chief financial officer of lululemon athletica, a multinational designer, distributor and retailer of healthy lifestyle inspired athletic apparel and accessories. In this role, he provided financial oversight and business analytics during a historic growth period at the company, which resulted in a significant increase in aggregate revenue, strong EPS growth and substantial increase in share price over two years.
 
“Guido is a highly accomplished finance executive with deep knowledge of the retail industry and a proven track record guiding companies through significant growth periods,” Langenstein said in a press release. “We are excited about the growth of our company. I am pleased to welcome Guido to the Chico's FAS team.”
 
“I am incredibly excited to join the Chico's FAS team and leverage my industry experience to continue strengthening the company's financial and operational performance,” Guido said. “I look forward to partnering with Langenstein and the rest of the team to continue capitalising on Chico's FAS' impressive momentum in its return to sustainable, profitable growth.”
 
Moreover, in connection with Guido's appointment, David Oliver, who has served as interim chief financial officer since February 2020, has been reappointed to his prior role of senior vice president finance – controller and chief accounting officer, the company mentioned.
 
“On behalf of the board and management team, I want to thank Oliver for his leadership and many contributions over these past 18 months. We greatly value and appreciate Oliver’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,” Langenstein concluded in the release.

ALCHEMPro News Desk (JL)

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