The company's sixth choice for CEO looks questionable, leaving little hope in its judgment for selecting a seventh. Francesca's Holdings (FRAN) has a different CEO effective February 1, 2019.
Number Five
On January 31st, Mr. Steve Lawrence, the boutique-like retailer's fifth CEO in seven years, announced he was leaving. Of the five, Mr. Lawrence had the longest tenure at 28 months.
The retailer saw moderate physical growth under Mr. Lawrence, growing from 663 “boutiques” to 738. It also experienced its worst track record for comparable store sales declines on his watch.
Source: Author-created