CEO Jerome Griffith to retire Jan 2023; Andrew J. McLean named CEO-Designate effective Nov 1, 2022

LANDS' END, INC.

Jerome Griffith will retire as CEO at end of fiscal year (Jan 27, 2023), then serve as Executive Vice Chair until May 2023 and Senior Advisor until Jan 2024.
Andrew J. McLean, formerly of American Eagle Outfitters, appointed CEO-Designate effective Nov 1, 2022 and will become CEO upon Griffith's retirement.
McLean's compensation: $1,050,000 base salary, target bonus 100% of base, LTI target $2,520,000, plus $2.5M in sign-on equity awards and $600K cash make-whole.
McLean elected to Board effective Nov 1, 2022 to fill a newly created vacancy.
Under severance agreement, McLean gets 2x base+bonus (2.5x upon change in control) with 24-30 month payment period.

item 5.02

Executive movements

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

Appointed

Andrew J. McLean

Chief Executive Officer - Designate

LE · LANDS' END, INC.

Effective: 2022-11-01
Filed: September 12, 2022, 7:59 PM ET

In addition, on September 12, 2022, the Company announced that it has appointed Andrew J. McLean, 53, as Chief Executive Officer – Designate, and elected Mr. McLean as a member of the Board of Directors to fill a newly created vacancy, each effective as of November 1, 2022.

Role change

Jerome Griffith

Chief Executive Officer

LE · LANDS' END, INC.

Effective: 2023-01-27
Successor: Andrew J. McLean
Filed: September 12, 2022, 7:59 PM ET

On September 12, 2022, Lands’ End, Inc. (the “Company”) announced that Jerome Griffith would retire as Chief Executive Officer of the Company at the conclusion of the current fiscal year, on January 27, 2023.

Appointed

Andrew J. McLean

Director

LE · LANDS' END, INC.

Effective: 2022-11-01
Filed: September 12, 2022, 7:59 PM ET

In addition, on September 12, 2022, the Company announced that it has appointed Andrew J. McLean, 53, as Chief Executive Officer – Designate, and elected Mr. McLean as a member of the Board of Directors to fill a newly created vacancy, each effective as of November 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew J. McLean was appointed as Chief Executive Officer - Designate at LANDS' END, INC..

Action: appointed
Role: Chief Executive Officer - Designate

Exact text from the filing

In addition, on September 12, 2022, the Company announced that it has appointed Andrew J. McLean, 53, as Chief Executive Officer – Designate, and elected Mr. McLean as a member of the Board of Directors to fill a newly created vacancy, each effective as of November 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jerome Griffith changed role as Chief Executive Officer at LANDS' END, INC..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

On September 12, 2022, Lands’ End, Inc. (the “Company”) announced that Jerome Griffith would retire as Chief Executive Officer of the Company at the conclusion of the current fiscal year, on January 27, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew J. McLean was elected as Director at LANDS' END, INC..

Action: elected
Role: Director

Exact text from the filing

In addition, on September 12, 2022, the Company announced that it has appointed Andrew J. McLean, 53, as Chief Executive Officer – Designate, and elected Mr. McLean as a member of the Board of Directors to fill a newly created vacancy, each effective as of November 1, 2022.

View on SEC.gov

LANDS' END, INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-099122

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