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Vince Holding Corp. Announces CFO Transition Plan

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Vince Holding Corp. (NYSE: VNCE) announced the retirement of its Chief Financial Officer, David Stefko, effective February 10, 2023. Amy Levy, previously Senior VP of Financial Planning & Analysis, will succeed him. Stefko will remain as an advisor until May 2023. CEO Jack Schwefel praised Stefko's contributions over eight years, highlighting his pivotal role in the company's growth. Levy expressed her commitment to continuing the finance department’s success and delivering value to stakeholders. Vince is known for its luxury apparel and operates multiple retail channels.

Positive
  • Amy Levy's appointment as CFO is expected to ensure continuity in leadership and finance strategy.
  • Levy has extensive experience and a strong background in finance, which may benefit the company.
  • David Stefko's transition period provides an opportunity for a smooth handover of responsibilities.
Negative
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David Stefko to retire; Amy Levy to be named CFO

NEW YORK--(BUSINESS WIRE)-- Vince Holding Corp. (NYSE: VNCE), a leading global contemporary group (“Vince” or the “Company”), today announced that David Stefko, Chief Financial Officer, has decided to retire, and will step down as Chief Financial Officer effective February 10, 2023. Amy Levy, Vince’s Senior Vice President, Financial Planning & Analysis and Investor Relations will succeed Mr. Stefko as Chief Financial Officer who will remain with the Company in an advisor role to provide guidance and ensure a smooth transition through May 2023.

Jack Schwefel, Chief Executive Officer, commented, “Dave has been a trusted partner and pivotal leader for Vince over the past eight years. Prior to my joining, he was instrumental in leading the organization as interim CEO, and his contributions beyond that have been many. He has helped to transform our business and grow the Vince brand while developing a strong team of experienced leaders. We appreciate his continued support and guidance, and wish him all the best in his retirement.”

Mr. Schwefel, continued, “I am also very pleased to announce the appointment of Amy Levy to the Chief Financial Officer role. Amy has been an integral part of our leadership team since joining Vince. She has worked closely with Dave during her tenure, and together they have established a strong finance department. I am confident, that together with our talented teams, Amy will continue to be instrumental in delivering on our key strategies. I look forward to working with her more closely going forward.”

Mr. Stefko, added, “It has been a privilege to be a part of the Vince team and to work with such an amazing group of talented individuals for the last eight years. Amy is well qualified to lead Vince’s finance organization into its next chapter, and I look forward to following the Company’s success in the years ahead.”

“I am honored to take on this new role and expanded responsibility for Vince. Under Dave’s leadership we have built a strong finance organization, and I look forward to continuing to deliver against our objectives while returning value to all of our stakeholders,” commented Ms. Levy.

Amy Levy is a tenured and senior member of the Vince leadership team. As Senior Vice President of Finance, she oversees multiple functions including Treasury, FP&A, Investor Relations and all facets of Retail, Wholesale and Corporate Planning as well as plays a pivotal role with the Company’s accounting organization. Prior to joining Vince in 2016, Ms. Levy served as a senior member of the finance team at Michael Kors where she held various responsibilities within the Corporate Financial Planning & Analysis function. She also previously served on the finance team at ESPRIT. Ms. Levy holds a B.S. in Finance from Lehigh University.

ABOUT VINCE HOLDING CORP.

Vince Holding Corp. is a global contemporary group led primarily by the Vince brand. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day effortless style. Known for its range of luxury products, Vince offers women’s and men’s ready-to-wear, footwear and accessories through 50 full-price retail stores, 17 outlet stores, and its e-commerce site, vince.com and through its subscription service Vince Unfold, www.vinceunfold.com, as well as through premium wholesale channels globally. Please visit www.vince.com for more information.

Investor Relations:

ICR, Inc.

Caitlin Churchill, 646-277-1274

Caitlin.Churchill@icrinc.com

Source: Vince Holding Corp.

FAQ

Who has been appointed as the new CFO of Vince Holding Corp. (VNCE)?

Amy Levy has been appointed as the new CFO of Vince Holding Corp. (VNCE).

When is David Stefko retiring from Vince Holding Corp. (VNCE)?

David Stefko will retire as CFO effective February 10, 2023.

What role will David Stefko have after his retirement from Vince Holding Corp. (VNCE)?

After his retirement, David Stefko will remain with Vince Holding Corp. (VNCE) as an advisor until May 2023.

What has CEO Jack Schwefel said about David Stefko's contributions to Vince Holding Corp. (VNCE)?

CEO Jack Schwefel praised David Stefko for being a trusted partner and pivotal leader at Vince for the past eight years.

What is Vince Holding Corp. (VNCE) known for?

Vince Holding Corp. (VNCE) is known for its luxury apparel, operating through various retail channels including full-price stores and e-commerce.

VINCE HOLDING CORP.

NYSE:VNCE

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Apparel Manufacturing
Retail-apparel & Accessory Stores
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United States of America
NEW YORK