FORT MYERS, Fla. — September 17, 2021 — Chico’s FAS Inc. today announced that Patrick J. Guido has been appointed CFO of the company, effective September 20, 2021, and will report directly to Molly Langenstein, CEO and president of Chico’s FAS.
Guido has more than 20 years of finance and operations experience and has held numerous executive leadership roles at premier retail and consumer companies. He most recently served as senior vice president and CFO at Asbury Automotive Group Inc., one of the largest automotive retail and service companies in the United States. In this role, he helped support continued growth and financial strength during the COVID-19 pandemic, while also contributing to the development and implementation of the long-term strategic plan.
Prior to this position, Guido served as executive vice president and CFO of lululemon athletica inc., a multinational designer, distributor and retailer of healthy lifestyle inspired athletic apparel and accessories. In this role, he provided financial oversight and business analytics during a historic growth period at the company, which resulted in a significant increase in aggregate revenue, strong EPS growth and substantial increase in share price over two years.
“PJ is a highly accomplished finance executive with deep knowledge of the retail industry and a proven track record guiding companies through significant growth periods,” Langenstein said. “We are excited about the growth of our company. I am pleased to welcome PJ to the Chico’s FAS team.”
“I am incredibly excited to join the Chico’s FAS team and leverage my industry experience to continue strengthening the Company’s financial and operational performance,” Guido said. “I look forward to partnering with Molly and the rest of the team to continue capitalizing on Chico’s FAS’ impressive momentum in its return to sustainable, profitable growth.”
In connection with Guido’s appointment, David Oliver, who has served as interim CFO since February 2020, has been reappointed to his prior role of senior vice president Finance – controller and chief accounting officer.
Langenstein further commented: “On behalf of the Board and management team, I want to thank David for his leadership and many contributions over these past 18 months. We greatly value and appreciate David’s stalwart leadership and guidance during this critical period in our company and look forward to continuing to benefit from his talent and financial expertise.”
Posted September 17, 2021
Source: Chico’s FAS Inc.