Christopher & Banks names Marc Ungerman the Interim CFO

Christopher & Banks on Wednesday announced the appointment of Marc A. Ungerman as Interim Chief Financial Officer. The appointment was effective on July 14, 2017, the day of Pete Michielutti’s official resignation as COO and CFO.


Christopher & Banks
 
Michielutti announced his departure from the women’s specialty retailer in early July, after having served as COO since 2012 and CFO since 2014. His resignation followed the departure of CEO of LuAnn Via, who was let go in January 2017.
 
Interim CFO Ungerman joined Christopher & Banks in November 2015 as VP, Controller. He joined the company from Supervalu, where he served as Assistant Controller, and he held various finance roles at Best Buy, Deloitte & Touche and Pentair.
 
The executive changes come two months after the Minnesota-based retailer reported an 11.5% decrease in first quarter net sales. Christopher & Banks’ e-commerce sales were a bright spot in the quarter, increasing 14.7% from the prior year’s first quarter.

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