Designer Brands Inc DBI has appointed Doug Howe as its Chief Executive Officer, effective April 1, 2023.
Howe will succeed Roger Rawlins, who will step down as the CEO and as a member of the Board of Directors.
Rawlins will continue to work with the company for twelve months in a strategic advisor role to facilitate a seamless leadership transition.
Howe joined the company in May 2022 and currently serves as President of DSW and Executive Vice President of Designer Brands.
Outlook : The company reiterated its fiscal 2022 sales growth guidance of mid-single-digits and EPS of $1.75 – $1.80 (consensus $1.77).
Price Action: DBI shares are trading lower by 1.80% at $9.30 on the last check Thursday.
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