Lands' End appoints Charlie Cole as CEO, replacing Andrew McLean effective July 13, 2026
LANDS' END, INC.
Charlie Cole appointed CEO and board member effective July 13, 2026; Andrew McLean steps down as CEO and resigns from board.
Cole's compensation: $1.1M base salary, 125% target bonus, $550K cash signing bonus, $2.5M in equity inducement grants.
Cole's severance: 2x base salary plus average bonus (2.5x upon change in control), 12-month non-compete.
McLean separation: remains employee through Sept 11, 2026, then eligible for severance including 2x base salary plus average bonus and accelerated vesting.
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