Citi Trends Announces Appointment of New Chief Financial Officer

Rhea-AI Summary

Citi Trends, Inc. (NASDAQ: CTRN) has appointed Heather Plutino as Chief Financial Officer, effective June 27, 2022. Plutino joins from Bed Bath & Beyond, bringing extensive experience in finance from roles at Sally Beauty Holdings and Target Corporation. CEO David Makuen expressed enthusiasm for her potential contribution to the company's strategic growth and financial performance, particularly in serving the needs of African American and Latinx families. The company operates 615 stores across 33 states.

Positive

• Heather Plutino's extensive finance background can strengthen the leadership team.
• Her experience with retail companies may enhance operational performance.
• CEO's confidence in her abilities could positively influence investor sentiment.

Negative

• None.

SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN), a growing specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and Latinx families in the United States, today announced that Heather Plutino has been appointed Chief Financial Officer effective June 27, 2022.

Ms. Plutino joins Citi Trends after serving as Senior Vice President of Enterprise Financial Planning & Analysis and Commercial Finance at Bed Bath & Beyond. Prior to that, Ms. Plutino served as Group Vice President of Finance and Treasury at Sally Beauty Holdings. Ms. Plutino also previously served as Vice President and Treasurer at Ascena Retail Group and in a variety of finance roles at Target Corporation.

David Makuen, Chief Executive Officer, commented, “We are so excited to welcome Heather to our senior leadership team. She is a seasoned finance executive who will thrive in serving our core customers while leading our finance team to accomplish great things ahead. Heather truly understands our purpose and values, and combined with her financial acumen, we are confident she will contribute to our long term strategic growth.”

“I am honored and excited to join the Citi Trends team. The potential for growth is significant given Citi Trends’ unique value proposition servicing the apparel, accessories and home needs of African American and Latinx families combined with the company’s talented and passionate team. I look forward to partnering with David and the team to continue to enhance the financial and operational performance of this impressive brand,” said Ms. Plutino.

Makuen concluded, “Heather will complement our existing strong finance team and play an important role in identifying opportunities to further transform our business model.”

About Citi Trends

Citi Trends, Inc. is a growing specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and Latinx families in the United States. The Company operates 615 stores located in 33 states. For more information, visit cititrends.com or your local store.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220616005784/en/

Tom Filandro/Rachel Schacter

ICR, Inc.

CitiTrendsIR@icrinc.com

Source: Citi Trends, Inc.

FAQ

Who is the new CFO of Citi Trends?

Heather Plutino has been appointed as the new Chief Financial Officer of Citi Trends.

When did Heather Plutino join Citi Trends?

Heather Plutino joined Citi Trends effective June 27, 2022.

What is Heather Plutino's background?

She previously served as Senior VP of Enterprise Financial Planning & Analysis at Bed Bath & Beyond and held finance roles at Sally Beauty Holdings and Target Corporation.

How many stores does Citi Trends operate?

Citi Trends operates 615 stores located in 33 states across the United States.