Tillys, Inc. Announces Appointment of Hezy Shaked as its President and Chief Executive Officer, Removing Interim Tag
Tillys, Inc. (NYSE: TLYS) has announced the appointment of Hezy Shaked as its permanent President and Chief Executive Officer, effective September 11, 2024. Shaked, the company's co-founder and Executive Chairman of the Board, had been serving as Interim President and CEO since January 21, 2024. With 42 years of history behind the company, Shaked expressed his deep commitment to improving the business.
During his interim tenure, Shaked has been reviewing all aspects of the business, leveraging his perspective as co-founder and his extensive retail industry experience to work towards enhancing Tillys' operating performance. This appointment removes the interim tag from his position, solidifying his leadership role in the company.
Tillys, Inc. (NYSE: TLYS) ha annunciato la nomina di Hezy Shaked come Presidente e Amministratore Delegato permanente, con effetto dal 11 settembre 2024. Shaked, co-fondatore dell'azienda e Presidente Esecutivo del Consiglio, aveva ricoperto il ruolo di Presidente e AD ad interim dal 21 gennaio 2024. Con 42 anni di storia alle spalle, Shaked ha espresso il suo profondo impegno per migliorare l'attività.
Durante il suo mandato ad interim, Shaked ha esaminato tutti gli aspetti dell'azienda, sfruttando la sua prospettiva di co-fondatore e la sua vasta esperienza nel settore retail per lavorare al miglioramento delle performance operative di Tillys. Questa nomina rimuove l'etichetta di ad interim dal suo ruolo, consolidando la sua posizione di leadership nell'azienda.
Tillys, Inc. (NYSE: TLYS) ha anunciado el nombramiento de Hezy Shaked como su Presidente y Director Ejecutivo permanente, que entrará en vigor el 11 de septiembre de 2024. Shaked, cofundador de la empresa y Presidente Ejecutivo de la Junta, había estado sirviendo como Presidente y CEO interino desde el 21 de enero de 2024. Con 42 años de historia detrás de la empresa, Shaked expresó su profundo compromiso para mejorar el negocio.
Durante su mandato interino, Shaked ha estado revisando todos los aspectos del negocio, aprovechando su perspectiva como cofundador y su amplia experiencia en la industria minorista para trabajar en la mejora del rendimiento operativo de Tillys. Este nombramiento elimina la etiqueta de interino de su posición, consolidando su papel de liderazgo en la empresa.
Tillys, Inc. (NYSE: TLYS)는 Hezy Shaked를 2024년 9월 11일부로 영구적인 회장 겸 CEO로 임명했다고 발표했습니다. Shaked는 회사의 공동 창립자이자 이사회 의장으로 2024년 1월 21일부터 임시 회장 겸 CEO로 재직해왔습니다. 42년의 역사를 지닌 회사와 함께 Shaked는 비즈니스를 개선하겠다는 깊은 의지를 표명했습니다.
임시 승인 기간 동안 Shaked는 공동 창립자의 관점과 광범위한 소매 산업 경험을 활용하여 Tillys의 운영 성과 개선을 위해 사업의 모든 측면을 검토해왔습니다. 이번 임명은 그의 직위에서 임시라는 꼬리표를 제거하며, 회사 내에서 그의 리더십 역할을 확고히 합니다.
Tillys, Inc. (NYSE: TLYS) a annoncé la nomination de Hezy Shaked en tant que Président et Directeur Général permanent, à compter du 11 septembre 2024. Shaked, co-fondateur de l'entreprise et Président Exécutif du Conseil, occupait le poste de Président et DG par intérim depuis le 21 janvier 2024. Fort de 42 ans d'histoire, Shaked a exprimé son engagement profond à améliorer l'entreprise.
Au cours de son mandat intérimaire, Shaked a examiné tous les aspects de l'entreprise, tirant parti de sa perspective de co-fondateur et de sa vaste expérience dans le secteur de la vente au détail pour travailler à l'amélioration des performances opérationnelles de Tillys. Cette nomination supprime l'étiquette intérimaire de son poste, solidifiant ainsi son rôle de leader au sein de l'entreprise.
Tillys, Inc. (NYSE: TLYS) hat die Ernennung von Hezy Shaked zum dauerhaften Präsidenten und CEO bekannt gegeben, der am 11. September 2024 wirksam wird. Shaked, der Mitgründer des Unternehmens und Vorsitzender des Vorstands, hatte seit dem 21. Januar 2024 als Interim-Präsident und CEO gedient. Mit 42 Jahren Unternehmensgeschichte drückte Shaked sein tiefes Engagement für die Verbesserung des Geschäfts aus.
Während seiner interimistischen Amtszeit hat Shaked alle Aspekte des Unternehmens geprüft und dabei seine Perspektive als Mitgründer und seine umfassende Erfahrung in der Einzelhandelsbranche genutzt, um die Betriebsleistung von Tillys zu verbessern. Diese Ernennung entfernt die interimsbezeichnung von seiner Position und festigt seine Führungsrolle im Unternehmen.
- Appointment of experienced co-founder as permanent CEO
- CEO's deep commitment to improving business performance
- Extensive review of all business aspects during interim period
- None.
“As the co-founder of this 42-year-old company, there is no one who cares about it more deeply than I do,” said Hezy Shaked. “I remain fully committed and enthusiastic about making every effort to work toward improving our business.”
Mr. Shaked had been serving as the Company’s Interim President and Chief Executive Officer since January 21, 2024, and served as the Company’s President and Chief Executive Officer previously in its history. Mr. Shaked has spent his tenure as the Company’s Interim President and Chief Executive Officer reviewing all aspects of the business, lending his perspective as the Company’s co-founder, and utilizing his extensive experience in the retail industry to work towards improving the Company’s operating performance.
About Tillys
Tillys is a leading, destination specialty retailer of casual apparel, footwear, accessories and hardgoods for young men, young women, boys and girls with an extensive selection of iconic global, emerging, and proprietary brands rooted in an active, outdoor and social lifestyle. Tillys is headquartered in
Forward-Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding our current operating expectations in light of historical results, the impacts of inflation and potential recession on us and our customers, including on our future financial condition or operating results, expectations regarding changes in the macro-economic environment, customer traffic, our supply chain, our ability to properly manage our inventory levels, and any other statements about our future cash position, financial flexibility, expectations, plans, intentions, beliefs or prospects expressed by management are forward-looking statements. These forward-looking statements are based on management’s current expectations and beliefs, but they involve a number of risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to the impact of inflation on consumer behavior and our business and operations, supply chain difficulties, and our ability to respond thereto, our ability to respond to changing customer preferences and trends, attract customer traffic at our stores and online, execute our growth and long-term strategies, expand into new markets, grow our e-commerce business, effectively manage our inventory and costs, effectively compete with other retailers, attract talented employees, or enhance awareness of our brand and brand image, general consumer spending patterns and levels, including changes in historical spending patterns, the markets generally, our ability to satisfy our financial obligations, including under our credit facility and our leases, and other factors that are detailed in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”), including those detailed in the section titled “Risk Factors” and in our other filings with the SEC, which are available on the SEC’s website at www.sec.gov and on our website at www.tillys.com under the heading “Investor Relations”. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. This release should be read in conjunction with our financial statements and notes thereto contained in our Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240912738593/en/
Investor Relations:
Michael L. Henry
Executive Vice President, Chief Financial Officer
949-609-5599 x.17000
irelations@tillys.com
Source: Tilly’s, Inc.
FAQ
Who is the new CEO of Tillys (TLYS)?
How long has Hezy Shaked been with Tillys (TLYS)?
When did Hezy Shaked become interim CEO of Tillys (TLYS)?
What has Hezy Shaked focused on during his interim CEO period at Tillys (TLYS)?
