Designer Brands Inc. Names Interim CFO as Top Finance Executive Departs
Designer Brands Inc. has announced a significant change in its executive leadership, with Jared Poff, Executive Vice President, Chief Financial Officer, and Chief Administrative Officer, stepping down from his roles. Poff's resignation is effective October 31, as he departs to pursue another professional opportunity.
In response to Poff's departure, Mark Haley, the Columbus, Ohio-based company's Senior Vice President, Controller, and Principal Accounting Officer, has been named Interim Principal Financial Officer. Haley's new role will commence on November 1, ensuring a smooth transition in the company's financial leadership. Designer Brands has confirmed that it will launch an executive search to identify a permanent Chief Financial Officer.
Mark Haley brings a wealth of financial expertise to his interim position. He joined Designer Brands as VP, Controller in 2017 and was subsequently appointed SVP, Controller, and Principal Accounting Officer in January 2019. Prior to his tenure at Designer Brands, Haley held various key financial positions. From 2014 to 2017, he served as VP, Chief Accounting Officer at Conn's, Inc. His career also includes stints as VP, Corporate Controller, and Chief Accounting Officer at Coldwater Creek, Senior Director of Financial Reporting at Supervalu INC., and Director of Assurance Services at Deloitte & Touche LLP, showcasing a robust background in finance and accounting.
Doug Howe, Chief Executive Officer of Designer Brands, expressed full confidence in Haley's appointment, stating, "Mark is a trusted and accomplished leader whose financial expertise and deep understanding of our business position him perfectly to lead during this important transition. I am confident that his strategic perspective, operational discipline, and commitment to excellence will ensure continuity as we move forward." Howe also emphasized the company's unwavering focus, adding, "As an organization, our efforts will remain focused on execution of our strategic initiatives to build a business rooted in the strength of our brand, centered on the customer, and positioned for long-term value creation."
Designer Brands Inc. is the parent company of prominent retail chains including DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse. In its most recent financial update, the company reported a 4.2% decrease in net sales for the second quarter ended August 2, highlighting the challenging retail environment as it navigates these leadership changes.
