Kirkland’s Michael Madden has resigned from his roles as president, chief executive officer and director of the company, effective immediately.
Madden will serve as an employee-advisor to the board until June 30. Michael Cairnes, the company’s evp/chief operating officer, will serve as acting CEO while the board conducts a search for a new CEO. Since 2016, Cairnes has been responsible for the operations of the company, overseeing marketing and e-commerce, merchandising, planning and allocation, store and supply chain operations.
“We thank Mike Madden for his 18 years of service and his assistance as an advisor during this transition,” said R. Wilson Orr, Kirkland’s chairman of the board. “We have important initiatives underway that we believe can improve our financial performance, and Mike Cairnes’ proven experience in running our day-to-day operations will enable us to maintain continuity and execution focus as the board proceeds with the CEO search.”