Kirkland’s, Inc. has appointed Mike Madden, currently president and COO, president and CEO. A the same time, the company stated that it named Adam Holland, most recently vp/finance and chief accounting officer, vp and CFO.
All changes are effective February 8, 2015, the company said.
In addition to taking on the CEO role, Madden will join Kirkland’s board of directors, which will increase from seven to eight members. Robert Alderson will retire from his role as CEO but will remain on Kirkland’s board, according to the company.
Madden joined Kirkland’s in 2000, the company noted, and has served in a number of critical roles including as senior vp and CFO.
Wilson Orr, Kirkland’s board chairman, stated, “The transition we’ve finalized today caps a period of tremendous progress for Kirkland’s and sets our organization on a clear course for profitable growth as we expand our store and e-commerce channels. Our strong momentum to end 2014— marked by record sales and increased earnings guidance— is a tangible outcome of investments to fortify our technology and deepen our team. None of this would have been possible without Robert’s exemplary leadership, and we’re pleased he will continue to serve on the board.”
Kirkland’s operates 344 stores in 35 states.