WWD.com/business-news/human-resources/joanne-crevoiserat-to-join-af-as-cfo-7636106/
government-trade
government-trade

Joanne Crevoiserat to Join A&F as CFO

Former Kohl’s and Wal-Mart executive will first focus on merchandise planning efforts.

Joanne Crevoiserat, most recently executive vice president of finance at Kohl’s Corp., has been appointed executive vice president and chief financial officer of Abercrombie & Fitch Co.

When she joins the firm next month, Crevoiserat will assume responsibility for merchandise planning and inventory management from Leslee Herro, who will retire as executive vice president of those areas and brand senses in September. Those duties will move from corporate oversight to divisional management as A&F puts two teams together under divisional presidents, one for its Abercrombie & Fitch and abercrombie kids units and the other for Hollister.

Jonathan Ramsden was promoted to chief operating officer of A&F in January and had continued to serve as cfo as the company sought his successor. Crevoiserat will report to Ramsden.

Crevoiserat has been with Kohl’s since 2007 and served as executive vice president of merchandise planning and allocation before assuming responsibilities in the finance area. Prior to that, she held positions with Wal-Mart Stores Inc. and was the cfo of three divisions of May Department Stores — Filene’s, Foley’s and Famous-Barr. May was acquired by Federated Department Stores Inc., later renamed Macy’s Inc., in 2005.

Ramsden called the combination of finance and planning roles “a perfect background for her to serve as A&F’s next cfo,” noting that the firm expects her “to make a major contribution as we move forward with our long-range strategic plan.”