Carter’s, the largest branded marketer in North America of apparel exclusively for babies and young children, announced that Brian Lynch, President & Chief Operating Officer, has informed the Company of his decision to retire effective March 1, 2024. Upon his retirement, Mr. Lynch will consult with the Company and support the planned transition in leadership through February 2025.
“Brian has been an exceptional leader and contributor to our growth over his long career with Carter’s. He has led many areas of our Company, including product design and merchandising, our retail, wholesale and international businesses, and the development of our supply chain and operational capabilities,” said Michael D. Casey, Chairman and Chief Executive Officer. “Brian has been a highly valued advisor to me, our Leadership Team, and our Board of Directors. I am grateful for his many contributions and years of service to Carter’s.”
“We are fortunate to have a depth of long tenured and highly experienced leaders at Carter’s to support this transition in leadership,” added Mr. Casey. “Today, we are announcing our plan to expand the scope of responsibilities for Kendra Krugman and Richard Westenberger, two proven, experienced leaders who each possess a deep understanding of our business and marketplace.”
Effective March 1, 2024, Kendra Krugman, Executive Vice President, Retail and Chief Merchandising Officer, will be promoted to Senior Executive Vice President, Chief Creative and Growth Officer. Ms. Krugman will continue to lead the Company’s product design, merchandising, and retail teams. Additionally, she will collaborate with the Company’s Leadership Team to develop value-creating growth opportunities. Ms. Krugman joined Carter’s merchandising team in 2007 and has held various leadership positions of increasing responsibility. Among other things, Ms. Krugman led the development and growth of Carter’s Exclusive Brands sold through Target, Walmart, and Amazon.
Effective March 1, 2024, Richard Westenberger, Executive Vice President & Chief Financial Officer, will be promoted to Senior Executive Vice President, Chief Financial Officer & Chief Operating Officer, with added responsibility for the Company’s supply chain operations. Mr. Westenberger joined Carter’s in 2009 as Executive Vice President & Chief Financial Officer and currently leads the Company’s finance, information technology, real estate, and enterprise risk management organizations.
Ms. Krugman and Mr. Westenberger will report directly to Mr. Casey.