Vera Bradley CEO Robert Wallstrom to retire; $25M annual cost cuts announced

Vera Bradley, Inc.

President and CEO Robert Wallstrom to retire; will remain until successor named, expected by early 2023.
Board conducting national search; internal and external candidates considered.
Company identifies ~$25M in annualized cost reductions, fully implemented by FY ending Feb 3, 2024.
Some cost savings in FY2023; guidance previously issued includes portion of reductions.
Wallstrom led since 2013, oversaw Pura Vida acquisition and B Corp certification.

item 5.02 item 9.01

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Departed

Robert Wallstrom

President and Chief Executive Officer

VRA · Vera Bradley, Inc.

Filed: July 21, 2022, 7:59 PM ET

On July 21, 2022, the Company announced the planned retirement of Robert Wallstrom, President and Chief Executive Officer of Vera Bradley, Inc. (the "Company").

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Wallstrom departed as President and Chief Executive Officer at Vera Bradley, Inc..

Action: announced retirement
Role: President and Chief Executive Officer

Exact text from the filing

On July 21, 2022, the Company announced the planned retirement of Robert Wallstrom, President and Chief Executive Officer of Vera Bradley, Inc. (the "Company").

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Vera Bradley, Inc. filing history →

Source: SEC EDGAR

accession 0001495320-22-000031

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