Jo-Ann Fabric and Craft Stores has appointed Jill Soltau president, CEO and a member of the board of directors, the company has announced. Jim Kerr, who has been serving as interim CEO, will continue as evp and CFO, the company stated.
Soltau was president of Shopko, rising to that role by assuming executive functions of increasing responsibility after joining the retailer in 2007, Jo-Ann’s noted.
“We are excited to partner with Jill as we continue to build upon Jo-Ann’s leading position in the fabric and craft industry. Jill’s passion, strategic vision and proven success make her an excellent leader for the company going forward,” Todd Purdy, partner, Leonard Green & Partners, L.P., the private equity firm that operates Jo-Ann’s, said in announcing Soltau’s appointment.