Bruce Smith has decided, after 12 years in the company, that he is going to resign from his current position as CEO. Smith will remain in the position until a successor has been found or February 2020.
‘We extend our thanks to Bruce for his service, dedication and leadership over more than a decade at Citi Trends. He distinguished himself first as chief financial officer, rising to chief operating officer and ultimately to chief executive officer. ‘We deeply appreciate his commitment and hard work.’ – Brian Carney, Chairman, Citi Trends
The board has appointed Peter Sachse to serve as a special advisor to the CEO, during the transition. Sachse has over three decades of experience at Macy’s with the following roles: chief growth officer, chief innovation and development officer, chief stores officer, chief marketing officer and as chief executive officer of macy’s.com.
