DSW promotes CIO to CEO

DSW has promoted Roger Rawlins, exec-VP and chief innovation officer, to CEO, effective Jan. 1, 2016. He will succeed Michael MacDonald, who is retiring from DSW and the board of directors.

"On behalf of the board and everyone at DSW, I would like to thank Mike for his leadership and many contributions over the past six plus years, during which time DSW sales nearly doubled and profits increased fivefold," said Jay Schottenstein, chairman, DSW. "As part of our succession planning process, we are pleased to name an executive of Roger's caliber to be our next CEO."

Rawlins has been with DSW for nearly 10 years, starting at the company as senior VP and controller and later as senior VP and general manager of e-commerce. Before becoming CIO in January, Rawlins was exec-VP of omnichannel.

Prior to DSW, he was CFO as HER Realtors for five years and controller at Express for nearly 3 years. Rawlins started his retail career at L Brands, first as an internal auditor, then moved up to accounting manager and eventually served as director of corporate finance.

"As we transition leadership to Roger, I am confident we have the right person to lead the company forward," MacDonald said. "Roger is an industry veteran with deep knowledge of all aspects of DSW's business, and he has been instrumental in leading many initiatives that are critical to addressing the shifting needs of the consumer."

Rawlins will also become a member of the board of directors effect Jan. 1.

"I am honored to have the opportunity to lead DSW at this important juncture in the company's history," Rawlins said. "While we have made progress in transforming DSW into a robust, omnichannel retailer, we are not satisfied.  We will strive to develop new and innovative opportunities to expand the reach of the DSW brand and drive shareholder value." Press Release