Burlington Stores CFO John Crimmins to retire
Off-price fashion retailer Burlington Stores, Inc. announced on Monday that John Crimmins will retire from his position as chief financial officer.
The New Jersey-based retailer said it has initiated an external search for a new CFO and has engaged Egon Zehnder, a global leadership advisory firm, to assist in the search. Crimmins will retire later this summer or the date his successor commences. He has also agreed to provide consulting services through the end of February 2023.
“I greatly appreciate John’s outstanding leadership, tireless dedication and many significant contributions to Burlington over the years. His financial expertise and strong commitment to our shareholders, associates and customers have been invaluable,” said Burlington chief executive officer Michael O’Sullivan.
“John has elevated our finance organization and strengthened the team through his commitment to excellence and talent development. We have built a deep bench of strong and long tenured senior leaders throughout our finance organization, including in the areas of financial planning and analysis, investor relations and treasury, as well as accounting and tax, which we believe will make for a seamless transition. The board and I are grateful for John’s efforts and accomplishments, and we wish him all the best in retirement.”
Crimmins first joined Burlington in 2011 as the company’s senior vice president, finance, chief accounting officer. Crimmins was appointed Burlington’s chief financial officer in October 2019 after serving in that capacity on an interim basis since September 2019. Prior to this role, he was Burlington’s executive vice president, finance.
Before joining Burlington, Crimmins worked at Timberland from 2002 to 2009, initially serving as Timberland’s chief accounting officer until 2007 when he became chief financial officer. Prior to 2002, Crimmins served in various financial management positions including several years at Reed Business Information.
“My 11 years at Burlington have been incredible,” Crimmins said. “It has been a privilege to work alongside Michael and the many talented individuals throughout the company. Our leadership team and our finance organization have never been stronger, and now feels like the right time to transition to the next chapter in my personal life. I am very proud of what we have accomplished together, and I look forward to watching Burlington’s continued development and success.”
Burlington had fiscal 2021 net sales of $9.3 billion. It operated 840 stores as of the end of the fourth quarter of fiscal 2021, in 45 states and Puerto Rico, principally under the name Burlington Stores.
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