Caleres names new CFO

Caleres Inc. announced on Monday the appointment of Jack Calandra to the role of chief financial officer, effective September 12.

The St. Louis-based company said Calandra will have responsibility for the company’s finance, accounting, investor relations, external reporting, treasury and tax functions. He succeeds Ken Hannah, who has served as CFO of Caleres for the last seven years.

“I see a tremendous amount of opportunity for future value-creation at Caleres,” said Calandra. “I look forward to working with the entire Caleres team to unlock growth opportunities across the enterprise, to further bolster our financial structure and to drive long-term value for our shareholders.”

Calandra comes to Caleres from A.K.A. Brands, where he served as CFO. Prior to that, he served as executive vice president, chief financial officer, and treasurer for Tailored Brands.

Calandra also held several executive positions at Gap, Inc., which included senior vice president, corporate finance and investor relations; senior vice president and CFO, Banana Republic global; vice president and CFO, Gap Inc. direct; and vice president and CFO, Gap International.

Earlier in his career, he served in various finance roles of increasing responsibility at Unilever.

I am confident Jack will be an excellent fit with the Caleres leadership team,” said Diane Sullivan, chairman and CEO.

“With his strong business acumen and extensive industry knowledge, Jack is exceptionally well-equipped to help lead the organization forward and to drive significant incremental value for our many stakeholders.

“Ken’s leadership has been invaluable over the last several years – especially during the depths of the pandemic – strengthening our financial foundation and helping establish a course for our future success,” added Sullivan. “On behalf of the board of directors and all of our associates, I would like to thank Ken for his contributions over the last seven years and wish him the very best.”

The CFO appointment comes on the back of the appointment of jennifer Olsen to the role chief marketing officer, in June, and the announcement that Sullivan will retire from her role as CEO, in January 2023.

Caleres names new CFO

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