Carter's appoints Douglas Palladini as CEO effective April 3, 2025

CARTERS INC

Douglas C. Palladini appointed CEO and President, effective April 3, 2025; joins Board of Directors.
Palladini was Global Brand President of Vans, doubling revenue to $4.2B; focus on brand and DTC.
Compensation: base salary $1.2M, target cash incentive 150%, sign-on equity $7M with performance-based RSUs.
Sign-on equity: 50% time-based RSUs vesting over 4 years, 50% performance-based with 30%/60%/90% growth hurdles over 3 years.
Richard F. Westenberger steps down as Interim CEO but remains as Senior EVP, CFO & COO.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Richard F. Westenberger

Interim Chief Executive Officer

CRI · CARTERS INC

Effective: 2025-04-03
Successor: Douglas C. Palladini
Filed: March 26, 2025, 7:59 PM ET

On the Effective Date, Richard F. Westenberger, currently serving as the Company’s Interim Chief Executive Officer, will no longer serve in that capacity but will continue with the Company as its Senior Executive Vice President, Chief Financial Officer & Chief Operating Officer.

Appointed

Douglas C. Palladini

Chief Executive Officer and President

CRI · CARTERS INC

Effective: 2025-04-03
Filed: March 26, 2025, 7:59 PM ET

the Board of Directors of the Company (the “ Board ”) approved the appointment of Douglas C. Palladini as Chief Executive Officer and President of the Company and a member of the Board, effective April 3, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard F. Westenberger changed role as Interim Chief Executive Officer at CARTERS INC.

Action: ceased serving as Interim Chief Executive Officer
Role: Interim Chief Executive Officer

Exact text from the filing

On the Effective Date, Richard F. Westenberger, currently serving as the Company’s Interim Chief Executive Officer, will no longer serve in that capacity but will continue with the Company as its Senior Executive Vice President, Chief Financial Officer & Chief Operating Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas C. Palladini was appointed as Chief Executive Officer and President at CARTERS INC.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

the Board of Directors of the Company (the “ Board ”) approved the appointment of Douglas C. Palladini as Chief Executive Officer and President of the Company and a member of the Board, effective April 3, 2025

View on SEC.gov

CARTERS INC filing history →

Source: SEC EDGAR

accession 0001060822-25-000076

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