Carter's Appoints Douglas Palladini As CEO, Effective April 3

(RTTNews) - Carter's, Inc.(CRI), a designer and marketer of children's apparel, on Wednesday announced that it has appointed Douglas Palladini as Chief Executive Officer and President and as a member of the Board of Directors, with effect from April 3.

On January 7, the company announced the retirement of CEO Michael Casey, and Richard Westenberger had been appointed interim CEO.

Palladini has more than 30 years of experience in senior leadership roles. Most recently, he served as Founder and Owner of Kickstand, LLC, a consulting firm specializing in brand strategy, executive coaching, and organizational design. He previously served as Global Brand President of Vans, a division of V.F. Corp.

In his new role, Palladini will focus on innovation and customer engagement to better connect with families with young children worldwide.

Tuesday, Carter's had closed 2.11% lesser at $41.71 on the Nasdaq.