Torrid Announces Executive Promotions

Rhea-AI Summary

Torrid Holdings, trading under NYSE: CURV, announces key executive changes. Hyon Park, previously Chief Technology Officer, is promoted to Chief Operating Officer, overseeing store operations and supply chain management. Ashlee Wheeler, formerly Senior VP of Company Planning & Strategy, is now Chief Planning Officer, handling planning, strategy, pricing, promotion, omni-channel fulfillment, and analytics. Chief Commercial Officer Mark Mizicko plans to retire by June 14, 2024, but will remain as a consultant. These changes aim to bolster Torrid's growth and operational efficiency.

Additionally, Torrid released its Q1 2024 financial results and will discuss them in an earnings call at 4:30 pm ET today.

Positive

• Promotion of Hyon Park to COO, enhancing operational oversight.
• Ashlee Wheeler's appointment as Chief Planning Officer strengthens planning and strategy.
• Retiring CCO Mark Mizicko to remain as a consultant, offering continued expertise.
• Focus on growth and operational improvements through executive changes.

Negative

• Retirement of experienced CCO Mark Mizicko could impact commercial strategy.
• Frequent leadership changes may indicate instability.

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)-- Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), today announced a number of executive promotions and changes:

• The promotion of Hyon Park to Chief Operating Officer
• The promotion of Ashlee Wheeler to Chief Planning Officer
• The retirement of Mark Mizicko, Chief Commercial Officer

Lisa Harper, Chief Executive Officer said, “I am thrilled to announce the well-deserved promotions of Hyon Park and Ashlee Wheeler, two exceptional leaders. Hyon has been promoted to Chief Operating Officer and was instrumental in stabilizing and upgrading our systems supporting the growth of our business. Ashlee has been promoted to Executive Vice President, Chief Planning Officer, and played a key role in driving improvements in our inventory management, as well as working to maximize our pricing strategy. And finally, Mark Mizicko, our Chief Commercial Officer, is retiring. Mark has a long history with Torrid, and I am very grateful to him for coming out of retirement to join us as a member of the Torrid Leadership Team. We appreciate all that Mark has done for Torrid and are grateful that he will continue as a consultant for the Company on various projects. We wish him the best second retirement.”

Hyon Park Promoted to Chief Operating Officer

The Company is promoting Hyon Park, Chief Technology Officer, to Chief Operating Officer, effective immediately. In addition to his responsibilities as Chief Technology Officer and Supply Chain Management, he will also have oversight of store operations. Mr. Park joined Torrid in 2022 as Chief Technology Officer from Belk, Inc. where he served as Executive Vice President, Chief Information Officer. Mr. Park has over 25 years of information technology and consulting experience, including 20 years with direct-to-consumer retail organizations such as Belk, Tailored Brands, and Gymboree.

Ashlee Wheeler Promoted to Chief Planning Officer

The Company is promoting Ashlee Wheeler, Senior Vice President of Company Planning & Strategy, to Chief Planning Officer, effective immediately. As Chief Planning Officer, Ms. Wheeler will lead all facets of Planning, Strategy, Pricing & Promotion, Omni-Channel fulfillment and Analytics, with an emphasis on growth. Ms. Wheeler has been with Torrid for 13 years in a variety of roles of increasing responsibility including merchandise planning, commercial planning, and inventory management. Prior to joining Torrid, Ms. Wheeler spent five years at Lucky Brand Jeans in Merchandising Planning.

Mark Mizicko, Chief Commercial Officer, Announces Retirement

Mark Mizicko announced his plans to retire from Torrid, effective June 14, 2024. He will continue as a consultant for Torrid on various projects. Mr. Mizicko joined Torrid in 2011 until he left the Company in 2016. He rejoined Torrid in 2023 as Chief Commercial Officer.

First Quarter Fiscal 2024 Financial Results

In a separate press release issued today, Torrid reported its financial results for the first quarter of fiscal 2024. The Company will host an earnings conference call at 4:30 pm ET to discuss the results.

About Torrid

TORRID is a direct-to-consumer brand of apparel, intimates and accessories in North America aimed at fashionable women who are curvy and wear sizes 10 to 30. TORRID is focused on fit and offers high quality products across a broad assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240612594709/en/

Investors

ICR Inc.

Lyn Walther

IR@torrid.com

Media

Joele Frank, Wilkinson Brimmer Katcher

Michael Freitag / Arielle Rothstein / Lyle Weston

Media@torrid.com

Source: Torrid Holdings Inc.

FAQ

What recent executive promotions did Torrid announce?

Torrid promoted Hyon Park to Chief Operating Officer and Ashlee Wheeler to Chief Planning Officer.

When is Chief Commercial Officer Mark Mizicko retiring from Torrid?

Mark Mizicko plans to retire on June 14, 2024, but will remain as a consultant.

What roles will Hyon Park oversee as Chief Operating Officer?

As Chief Operating Officer, Hyon Park will oversee store operations and supply chain management.

What areas will Ashlee Wheeler manage as Chief Planning Officer?

Ashlee Wheeler will manage planning, strategy, pricing, promotion, omni-channel fulfillment, and analytics.

What is the stock symbol for Torrid Holdings?

The stock symbol for Torrid Holdings is CURV.