CHICO’S FAS CEO RESIGNS, INTERIM CEO APPOINTED

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Chico’s FAS Inc. CEO and President Shelley Broader has resigned from the company and board.

Bonnie Brooks, former vice chair, president and CEO of Hudson’s Bay Co. and a current member of the Chico’s FAS Board of Directors, has been appointed interim CEO of the company, effective immediately.

Brooks has been a member of the Chico’s FAS board since 2016. She has more than 30 years of global retail executive leadership experience.

Chico’s FAS has engaged Herbert Mines Associates to search for a permanent CEO and president. The board search committee is chaired by Bill Simon, a member of the Chico’s FAS board since 2016 and previously president and CEO of Walmart U.S. and executive vice president of Walmart Stores Inc. Janice Fields, a member of the company’s board since 2013 and formerly president of McDonald’s USA LLC, and Brooks also serve on the committee.