Apparel manufacturer and marketer Kellwood announced that Joseph Lombardi will take over the role of CEO, effective immediately. Lombardi originally joined Kellwood in 2013 as CFO.
"The board of directors is very pleased to name Joe Lombardi as Kellwood's new CEO," said Mark Brody, Kellwood's director. "He brings a wealth of leadership and industry experience to the table along with financial acumen. These skills will be invaluable as the company continues to build on its strong foundation for growth."
Lombardi succeeds Lynn Shanahan, who has left the company to take back the helm at strategic brand building company C2 Group. He has more than three decades of experience across several sectors of the retail industry, including apparel. Before joining Kellwood, Lombardi was CFO for Barnes & Noble, where he was responsible for strategic planning and development to focus on growth opportunities and investment returns. He spearheaded multiple initiatives including key mergers, acquisitions, spinoffs and disposition of non-core business, implementing asset productivity improvements, enhanced inventory turnover and increased cash flow. Press release