Women's apparel retailer Chico's FAS announced that David Dyer has indicated plans to retire as president and CEO of the company at the conclusion of its 2015 fiscal year in spring of 2016. Dyer will retain his role until a successor is appointed and will remain on the board in the newly created role of vice chairman until his term ends in June 2016.
"David will retire with the gratitude and best wishes from both the board of directors and all of the Chico's FAS associates," said non-executive chairman Ross Roeder. "From the moment he took the reins in early 2009, he led significant and positive changes on all fronts: merchandise, marketing and technology, while also accelerating our push into omnichannel and laying the foundation for global expansion."
Dyer joined Chico's in 2007 and became the company's president and CEO in January of 2009. During his tenure as president and CEO, Chico's has accumulated more than $1 billion in sales, reversing a trend in declining sales in 2008 and returning more than $1 billion to shareholders through dividends and share repurchases.
The growth can be attributed to investment's Dyer's spearheaded in infrastructure, systems, store growth, and phases of digital commerce and marketing implemented to enhance customer service. Press Release