Burlington Stores’ Marc Katz has resigned as the company’s chief financial officer/principal, effective immediately, to pursue other professional opportunities. John Crimmins, evp/finance and chief accounting officer, has been appointed interim chief financial officer.
Crimmins has been with the company since 2011. Before joining Burlington Stores, Crimmins held various roles at The Timberland Company including CFO, and corporate controller and chief accounting officer from 2002 to 2009.
“On behalf of the entire board and management team, I would like to thank Marc for his dedication and valuable contributions during his 11-year career at Burlington. Marc has played a significant role in improving our financial and operational performance and strengthening our position as a leader in the off-price retail business. We wish him well in his future endeavors,” said Thomas Kingsbury, Executive Chairman.
“John has been an active and valuable contributor to the Burlington management team since 2011 and has been leading our finance function for the past several years. We are fortunate to have a proven leader who possesses the important business acumen and experience to ensure a seamless transition,” added Kingsbury.
Kingsbury noted, “Today is an exciting day for Burlington, as Michael O’Sullivan begins as our CEO. Our future is bright, and I look forward to working closely with the board, Michael, Jennifer Vecchio, our president and chief merchandising officer, and the rest of our leadership team to ensure a successful leadership transition.”