Francesca's Chairman, President and CEO Michael W. Barnes resigns

By

Obi Anyanwu

Published
May 17, 2016

Francesca’s Holdings Corporation announced on Tuesday the resignation of its Chairman, President and CEO Michael W. Barnes. He is stepping down from the company for personal reasons effective immediately. The company’s former Lead Director, Richard W. Kunes, has been named Chairman, President and CEO in the interim.

 
Kunes has served on Francesca’s Board since February 2013 and served as Lead Director from July 2015 until his appointment as interim CEO. He previously served as Executive Vice President & Senior Advisor to the Chief Executive Officer at The Estée Lauder Companies, Inc. and served 12 years as Executive Vice President and Chief Financial Officer with the company, as well as other financial management positions, including Corporate Controller.

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Francesca’s has begun its search for a successor. The company will also report its first quarter financial results and hold its related conference call on June 9, 2016.