Chico’s announces new CFO
Chico’s FAS announced on Monday the promotion of David Oliver to the role of chief financial officer and chief accounting officer, effective June 24.
The Fort Myers, Florida-based fashion retailer said its current CFO, Patrick Guido, has resigned to accept a position at another company where he can be located closer to his family.
Oliver is currently the Chico’s SVP, finance, controller and chief accounting officer. He joined the company in 2012 and has held multiple leadership roles during his tenure, initially serving as VP, finance and controller, followed by the role of group VP, finance, controller, chief accounting officer and treasurer.
Oliver also served as interim chief financial officer and SVP, controller from February 2020 until September 2021. Prior to joining Chico’s, he held various finance roles with Supervalu Inc., a retail and wholesale grocery chain, including chief financial officer, supply chain services; VP, corporate controller; and VP, investor relations from 2004 to 2012.
He also served as an executive finance officer at the Arden Group, Inc. and The Vons Companies, Inc., both food supermarket retailers, as well as Audit Manager and CPA at the accounting firm Arthur Andersen
“We are excited about David’s appointment. David was instrumental in stewarding the company for a year and a half as interim CFO during the early phase of the pandemic,” said CEO and president, Molly Langenstein.
“His deep knowledge of Chico’s FAS, as well as his impressive financial experience and steady hand, will benefit the Company as we continue to make progress against our long-term strategic plan. Chico’s FAS’ financial foundation is solid, and we thank PJ for his contributions.”
In its most recent trading update in March, Chico’s FAS a double-digit uptick in revenues for the full-year 2022, after a solid fourth-quarter increase of 5.6% to reach $524.1 million, compared to $496.3 million last year.