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Torrid Holdings Inc. (NYSE: CURV) announced the retirement of Chief Financial Officer George Wehlitz at the end of Q1 FY2022. Wehlitz will assist in the transition and has played a crucial role in the company's growth, including its public listing. The company is now searching for his successor, considering both internal and external candidates. CEO Liz Munoz expressed gratitude for Wehlitz's contributions and looks forward to his advisory support during the transition.
Positive
Successful transition to a public company.
Commitment from retiring CFO to support during transition.
Negative
Potential uncertainty during CFO transition.
Absence of a CFO could impact financial oversight temporarily.
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--
Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced that Chief Financial Officer, George Wehlitz, has made the decision to retire at the end of the first quarter of fiscal 2022. Mr. Wehlitz will remain in his role through the completion of the Company’s fiscal 2021 annual financial filings and will serve as an advisor to the Company following his retirement to ensure a smooth transition. Torrid is conducting a search for Mr. Wehlitz’s successor and will consider internal and external candidates.
“I want to thank George for his valuable contributions to our company’s success, including playing an important role in our separation from Hot Topic and our transition to a public company. The leadership team and I look forward to his ongoing support in the months ahead as we continue to execute our growth strategy,” said Liz Munoz, Chief Executive Officer of Torrid.
Mr. Wehlitz said, “I am extremely proud of our accomplishments during my tenure as CFO, including the recent milestone of becoming a public company. I am committed to working alongside Liz and the Torrid team to help ensure a seamless transition of the CFO role.”
About TORRID
TORRID is a direct-to-consumer brand of apparel, intimates and accessories in North America targeting the 25- to 40-year old woman who is curvy and wears 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.
