Thomas Chubb 3rd, president and chief executive officer of Oxford Industries Inc., has been elected to the additional post of chairman of the Atlanta-based apparel firm.
As chairman, he succeeds J. Hicks Lanier, who retired from the post following the company’s annual meeting on Wednesday after more than 50 years with the company. Chubb, who became president of Oxford in 2009, succeeded Lanier as ceo in 2013. Lanier said in May that he would relinquish his spot on Oxford’s board following the annual meeting.
Prior to being named president, Chubb spent five years as executive vice president and was vice president, general counsel and secretary for five years prior to that.
Chubb, who joined Oxford in 1988, has been a major factor in Oxford’s transformation from a predominantly private-label producer into a portfolio manager of the Tommy Bahama and Lilly Pulitzer brands. He provided direct oversight of the company’s Ben Sherman business, which is now being sold, and of the Lilly Pulitzer business following its acquisition in 2010.
In the first quarter of the current year, Oxford lifted net income for continuing operations 11.9 percent, to $21.3 million, on a 7.3 percent increase in revenues to $260.4 million.