Oxford Industries Announces Promotion of Scott Grassmyer to Executive Vice President, Chief Financial Officer and Chief Operating Officer

Rhea-AI Summary

Oxford Industries, Inc. (NYSE:OXM) has announced the promotion of Scott Grassmyer to Chief Operating Officer, in addition to his existing role as Chief Financial Officer. Grassmyer has been with the company since 2002 and has significantly contributed to its transformation into a leader in lifestyle brands. His extensive experience includes key roles in acquisitions and business integration. The promotion aims to enhance operational efficiencies across Oxford's portfolio, which includes brands like Tommy Bahama and Lilly Pulitzer.

Positive

• Scott Grassmyer's promotion may enhance operational efficiency, supporting long-term shareholder value.
• Grassmyer's extensive experience contributes to strategic leadership in brand management.

Negative

• None.

ATLANTA, March 25, 2022 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced that Scott Grassmyer, the Company’s Executive Vice President and Chief Financial Officer, has been promoted to the additional role of Chief Operating Officer.  

Thomas C. Chubb III, Chairman and Chief Executive Officer, commented, “Since joining our company in 2002, Scott has been instrumental in our evolution from a private label wholesaler of apparel products to becoming what we are today, a portfolio of powerful lifestyle brands. He played a key role in our acquisitions and integrations of Tommy Bahama, Lilly Pulitzer, Southern Tide and The Beaufort Bonnet Company. Throughout his tenure, Scott has provided significant leadership and direction to our businesses in delivering long-term value to our shareholders. While Scott will continue to oversee the traditional CFO responsibilities relating to finance, this promotion to the additional role of COO includes expanding his work with me and the leadership of our five brands to maximize financial and operating efficiencies across the organization.”

Mr. Grassmyer is a Certified Public Accountant with over 30 years of financial experience in both the public accounting and industry sectors. He began his career with Ernst & Young, LLC and subsequently joined Duck Head Apparel Company, Inc., an unaffiliated, publicly-traded apparel wholesaler and retailer, in 1990. Prior to joining the Company as Controller in 2002, Mr. Grassmyer was Duck Head's Senior Vice President and Chief Financial Officer. Mr. Grassmyer holds a Bachelor of Science degree in accounting from Appalachian State University and attended the Clemson University MBA program.

About Oxford

Oxford Industries, Inc., a leader in the apparel industry, owns and markets the distinctive Tommy Bahama®, Lilly Pulitzer®, Southern Tide®, The Beaufort Bonnet Company® and Duck Head® lifestyle brands. Oxford's stock has traded on the New York Stock Exchange since 1964 under the symbol OXM. For more information, please visit Oxford's website at www.oxfordinc.com.

Contact:	Jevon Strasser
E-mail:	InvestorRelations@oxfordinc.com

                                                                                             
                              

FAQ

Who is the new Chief Operating Officer of Oxford Industries?

Scott Grassmyer has been promoted to Chief Operating Officer in addition to his role as Chief Financial Officer.

What impact does Scott Grassmyer's promotion have on Oxford Industries?

His promotion aims to improve financial and operational efficiencies across the company's brands.

When was Scott Grassmyer's promotion announced?

The promotion was announced on March 25, 2022.

What brands are owned by Oxford Industries?

Oxford Industries owns notable lifestyle brands such as Tommy Bahama, Lilly Pulitzer, and Southern Tide.

What is Scott Grassmyer's background?

Grassmyer is a Certified Public Accountant with over 30 years of financial experience, including roles at Ernst & Young and Duck Head Apparel.