US retailer Tailored Brands Inc. is restructuring its leadership team. The personnel decisions were aimed at strengthening the financial and operational foundation and laying the foundation for further growth, the company announced on Wednesday.
Accordingly, Mike Baughn was appointed Executive Vice President and Chief Financial Officer (CFO) effective December 1st. The company also promoted Karla Gray to executive vice president and chief operating officer (COO). In the future, her area of responsibility will include not only the Group’s branches and real estate, but also the areas of supply chain and technology.
According to the group, Baughn has almost two decades of experience in finance at well-known retailers. Most recently, he worked as CFO at US sporting goods retailer Foot Locker Inc. There he played a key role in managing the multinational company and also supported the successful merger with Dick’s Sporting Goods, Tailored Brands said. Previously, Baughn spent 15 years at the US department store chain Kohl’s Corporation, during which time he held various management positions in finance.
“I am thrilled to be joining Tailored Brands at such an exciting time,” Baughn said in a statement. The company’s strong fundamentals and deep-rooted values were crucial to his decision.
Gray joined Tailored Brands in 2021 after holding various leadership positions at US sportswear manufacturer Nike. There she served, among other things, as Vice President (VP) and General Manager (GM) of the North American factory stores.
Tailored Brands CEO John Tighe said the leadership team appointments underscore the company’s commitment to strengthening financial discipline and operational excellence. “In Mike, we have found someone as our new CFO who not only has an exceptional background, he also embodies the values of our company,” emphasized Tighe.
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