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Carter’s, Inc. Appoints Douglas C. Palladini as Chief Executive Officer

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Carter's Inc (NYSE: CRI) has appointed Douglas C. Palladini as Chief Executive Officer and President, effective April 3, 2025. Palladini will also join the Board of Directors. With over three decades of senior leadership experience, he previously served as Global Brand President of Vans, where he:

- Doubled global revenue to over $4.2 billion in less than six years
- Expanded product assortment across 100+ countries
- Elevated apparel and accessories to nearly 20% of sales
- Boosted eCommerce sales across all regions

As CEO of North America's leading baby and children's apparel company, Palladini will focus on expanding Carter's direct-to-consumer and wholesale businesses, driving consumer loyalty, enhancing competitiveness, and extending international reach.

Carter's Inc (NYSE: CRI) ha nominato Douglas C. Palladini come Amministratore Delegato e Presidente, con effetto dal 3 aprile 2025. Palladini entrerà anche a far parte del Consiglio di Amministrazione. Con oltre tre decenni di esperienza nella leadership senior, ha precedentemente ricoperto il ruolo di Presidente Globale del Marchio di Vans, dove ha:

- Duplicato il fatturato globale a oltre 4,2 miliardi di dollari in meno di sei anni
- Espanso l'assortimento di prodotti in oltre 100 paesi
- Aumentato l'abbigliamento e gli accessori a quasi il 20% delle vendite
- Incrementato le vendite eCommerce in tutte le regioni

In qualità di CEO della principale azienda di abbigliamento per bambini e neonati in Nord America, Palladini si concentrerà sull'espansione delle attività dirette al consumatore e all'ingrosso di Carter, sulla fidelizzazione dei consumatori, sul miglioramento della competitività e sull'estensione della portata internazionale.

Carter's Inc (NYSE: CRI) ha nombrado a Douglas C. Palladini como Director Ejecutivo y Presidente, con efecto a partir del 3 de abril de 2025. Palladini también se unirá a la Junta Directiva. Con más de tres décadas de experiencia en liderazgo senior, anteriormente se desempeñó como Presidente Global de la Marca de Vans, donde:

- Duplicó los ingresos globales a más de $4.2 mil millones en menos de seis años
- Ampliado la variedad de productos en más de 100 países
- Elevó la ropa y los accesorios a casi el 20% de las ventas
- Aumentó las ventas de comercio electrónico en todas las regiones

Como CEO de la principal empresa de ropa para bebés y niños en América del Norte, Palladini se centrará en expandir los negocios directos al consumidor y al por mayor de Carter, impulsar la lealtad del consumidor, mejorar la competitividad y ampliar el alcance internacional.

카터스 Inc (NYSE: CRI)는 더글라스 C. 팔라디니를 CEO이자 사장으로 임명하며, 2025년 4월 3일부터 효력을 발휘합니다. 팔라디니는 이사회에도 합류할 것입니다. 30년 이상의 고위 리더십 경험을 가진 그는 이전에 반스의 글로벌 브랜드 사장으로 재직하며:

- 6년 이내에 글로벌 수익을 42억 달러 이상으로 두 배 증가시켰습니다
- 100개 이상의 국가에서 제품 다양성을 확대했습니다
- 의류 및 액세서리를 매출의 거의 20%로 끌어올렸습니다
- 모든 지역에서 전자상거래 판매를 증가시켰습니다

북미의 주요 아기 및 어린이 의류 회사의 CEO로서, 팔라디니는 카터의 직접 소비자 및 도매 비즈니스를 확장하고, 소비자 충성도를 높이며, 경쟁력을 강화하고, 국제적 범위를 확대하는 데 집중할 것입니다.

Carter's Inc (NYSE: CRI) a nommé Douglas C. Palladini au poste de Directeur Général et Président, à compter du 3 avril 2025. Palladini rejoindra également le Conseil d'Administration. Fort de plus de trois décennies d'expérience en leadership, il a précédemment occupé le poste de Président Mondial de la Marque de Vans, où il a :

- Doublé le chiffre d'affaires mondial à plus de 4,2 milliards de dollars en moins de six ans
- Élargi l'assortiment de produits dans plus de 100 pays
- Élevé les vêtements et accessoires à près de 20 % des ventes
- Augmenté les ventes en ligne dans toutes les régions

En tant que PDG de la principale entreprise de vêtements pour bébés et enfants en Amérique du Nord, Palladini se concentrera sur l'expansion des activités de vente directe et de gros de Carter, sur la fidélisation des clients, sur l'amélioration de la compétitivité et sur l'extension de la portée internationale.

Carter's Inc (NYSE: CRI) hat Douglas C. Palladini zum Chief Executive Officer und Präsidenten ernannt, mit Wirkung zum 3. April 2025. Palladini wird auch dem Vorstand beitreten. Mit über drei Jahrzehnten an Führungserfahrung auf höchster Ebene war er zuvor als Global Brand President von Vans tätig, wo er:

- Den globalen Umsatz in weniger als sechs Jahren auf über 4,2 Milliarden Dollar verdoppelte
- Das Produktangebot in über 100 Ländern erweiterte
- Bekleidung und Accessoires auf fast 20 % des Umsatzes erhöhte
- Den E-Commerce-Umsatz in allen Regionen steigerte

Als CEO des führenden Unternehmens für Baby- und Kinderbekleidung in Nordamerika wird Palladini sich darauf konzentrieren, die Direktvertriebs- und Großhandelsgeschäfte von Carter auszubauen, die Kundenloyalität zu fördern, die Wettbewerbsfähigkeit zu verbessern und die internationale Reichweite zu erweitern.

Positive
  • Appointment of experienced CEO with proven track record of doubling revenue at Vans to $4.2B
  • New CEO brings extensive expertise in direct-to-consumer and brand strategies
  • Strong background in international expansion and eCommerce growth
  • Demonstrated success in product assortment expansion and brand loyalty building
Negative
  • Significant delay until new CEO takes office (April 2025)
  • Potential execution risk in leadership transition
  • Uncertainty in strategy adaptation from footwear to children's apparel market

ATLANTA--(BUSINESS WIRE)-- Carter’s, Inc. (NYSE: CRI) (the “Company”), the leading company in North America focused exclusively on apparel for babies and young children, today announced that Douglas C. Palladini has been appointed Chief Executive Officer and President and as a member of the Board of Directors, effective April 3, 2025.

Mr. Palladini brings more than three decades of senior leadership experience with an emphasis on brand and direct-to-consumer strategies. He previously served as Global Brand President of Vans, a division of V.F. Corporation, where he more than doubled global revenue to over $4.2 billion in less than six years, while also growing profitability and brand equity. Mr. Palladini achieved these results within Vans’ fleet of retail stores globally while meaningfully boosting eCommerce sales across all geographic regions. While leading Vans, he also expanded product assortment in more than 100 countries by creating and leveraging a strategic framework of disciplined choices, elevating apparel and accessories to almost 20 percent of sales, driving footwear newness beyond iconic classics styles, and building brand loyalty around the world.

Mr. Palladini brings the skills and vision needed to expand Carter’s direct to consumer and wholesale businesses, drive consumer loyalty, enhance competitiveness, and extend international reach. Under his leadership, Carter’s will continue to prioritize innovation and customer engagement to strengthen its connection with families with young children worldwide.

“After a comprehensive search, we are thrilled to appoint Doug Palladini as CEO of Carter’s,” said William J. Montgoris, Non-Executive Chairman of the Board. “Doug’s remarkable track record of growing brands, his deep understanding of consumer-driven strategies, and his expertise in creating global brand connections will be invaluable as we continue to build upon Carter’s strong foundation. Under Doug’s leadership, Carter’s will continue to innovate, strengthen our unique, multi-channel business model, and stay true to our mission of providing high-quality, affordable apparel for young children.”

“Carter’s is a storied company with a powerful legacy and iconic brands that have long been trusted by families with young children for its quality, value, and style,” said Mr. Palladini. “I am eager to continue to advance the important work underway in our retail and wholesale businesses, further build upon Carter’s brand equity, and create lasting connections with our customers through accelerated relevance, inspiring products, and meaningful storytelling.”

About Douglas C. Palladini

Mr. Palladini most recently served as Founder and Owner of Kickstand, LLC, a consulting firm specializing in brand strategy, executive coaching, and organizational design. He previously spent nearly 20 years at V.F. Corporation. While serving as Global Brand President of Vans, Mr. Palladini led and mentored an executive team of functional and regional leaders and served on the Executive Leadership Team of V.F. Corporation. Prior to that, he was General Manager, Americas Region for Vans, including overseeing operations across North, Central and South America, from July 2013 to July 2016. During that time, Mr. Palladini led Vans to 20 consecutive quarters of double-digit growth as the P&L leader for the Americas region. Earlier in his career, Mr. Palladini served in a variety of entrepreneurial, marketing and publishing roles as founder and director of Cynic (a DGWB division), Chief Operating Officer of Swell, and Group Publisher of EMAP Peterson. In each of these roles he significantly accelerated revenue and improved profitability. Mr. Palladini will be relocating from California to the Company’s global headquarters in Atlanta, Georgia.

About Carter’s, Inc.

Carter’s, Inc. is the largest branded marketer in North America of apparel exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold through over 1,000 Company-operated stores in the United States, Canada, and Mexico, and online at www.carters.com, www.oshkosh.com, www.cartersoshkosh.ca, and www.carters.com.mx. Carter’s also is the largest supplier of young children’s apparel to the largest retailers in North America. Its brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. The Company’s Child of Mine brand is available at Walmart, its Just One You brand is available at Target, and its Simple Joys brand is available on Amazon.com. The Company also owns Little Planet, a brand focused on organic fabrics and sustainable materials, and Skip Hop, a global lifestyle brand for families with young children. Carter’s is headquartered in Atlanta, Georgia. Additional information may be found at www.carters.com.

Forward-Looking Statements

Statements in this press release that are not historical fact and use predictive words such as “estimates”, “outlook”, “guidance”, “expect”, “believe”, “intend”, “designed”, “target”, “plans”, “may”, “will”, “are confident” and similar words are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed in this press release. These risks and uncertainties include, but are not limited to, those discussed in the subsection entitled “Risk Factors” under Part I, Item 1A, of the Company’s Annual Report on 10-K, and otherwise in our reports and filings with the Securities and Exchange Commission, as well as the following factors: changes in global economic and financial conditions, and the resulting impact on consumer confidence and consumer spending, as well as other changes in consumer discretionary spending habits; risks related to public health crises; risks related to consumer tastes and preferences, as well as fashion trends; our ability to successfully launch new brands within the time frames we have previously disclosed; the failure to protect our intellectual property; the diminished value of our brands, potentially as a result of negative publicity or unsuccessful branding and marketing efforts; delays, product recalls, or loss of revenue due to a failure to meet our quality standards; risks related to uncertainty regarding the future of international trade agreements; increased competition in the marketplace; financial difficulties for one or more of our major customers; identification of locations and negotiation of appropriate lease terms for our retail stores; distinct risks facing our eCommerce business; failure to forecast demand for our products and our failure to manage our inventory; increased margin pressures, including increased cost of materials and labor and our inability to successfully increase prices to offset these increased costs; continued inflationary pressures with respect to labor and raw materials and global supply chain constraints that have, and could continue, to affect freight, transit, and other costs; fluctuations in foreign currency exchange rates; unseasonable or extreme weather conditions; risks associated with corporate responsibility issues; our foreign sourcing arrangements; a relatively small number of vendors supply a significant amount of our products; disruptions in our supply chain, including increased transportation and freight costs; our ability to effectively source and manage inventory; problems with our Braselton, Georgia distribution facility; pending and threatened lawsuits; a breach of our information technology systems and the loss of personal data or a failure to implement new information technology systems successfully; unsuccessful expansion into international markets; failure to comply with various laws and regulations; failure to properly manage strategic initiatives; retention of key individuals; acquisition and integration of other brands and businesses; failure to achieve sales growth plans and profitability objectives to support the carrying of our intangible assets; our continued ability to meet obligations related to our debt; changes in our tax obligations, including additional customs, duties or tariffs; our continued ability to declare and pay a dividend; volatility in the market price of our common stock; and the cost or effort required for our shareholders to bring certain claims or actions against us, as a result of our designation of the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings. Except for any ongoing obligations to disclose material information as required by federal securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The inclusion of any statement in this press release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

Sean McHugh

Vice President & Treasurer

Carter’s, Inc.

(678) 791-7615

sean.mchugh@carters.com

Source: Carter’s, Inc.

FAQ

When will Douglas Palladini start as Carter's (CRI) new CEO?

Douglas Palladini will assume the role of CEO and President at Carter's (CRI) on April 3, 2025.

What were Douglas Palladini's achievements at Vans before joining Carter's (CRI)?

At Vans, Palladini doubled global revenue to over $4.2 billion in under six years and expanded product assortment across 100+ countries, growing apparel and accessories to 20% of sales.

What are Douglas Palladini's main objectives as Carter's (CRI) new CEO?

Palladini will focus on expanding direct-to-consumer and wholesale businesses, driving consumer loyalty, enhancing competitiveness, and extending Carter's international reach.

How much experience does Carter's (CRI) new CEO Douglas Palladini have?

Douglas Palladini brings more than three decades of senior leadership experience, with expertise in brand and direct-to-consumer strategies.
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