ascena retail group Names New Chief Financial Officer

On Jul 26, 2019

ascena retail group promotes Dan Lamadrid, senior vice president, finance and chief accounting officer to executive vice president and chief financial officer, effective August 4. Lamadrid replaces Robb Giammatteo, who informed the company that he intends to leave ascena at the end of August.  Giammatteo, who will serve as a senior advisor during the month of August, has worked closely with Lamadrid over the last two years and will continue to do so over the next month to ensure a smooth transition.

Lamadrid will report directly to Gary Muto, chief executive officer.

Muto said, “We have a strong successor in Dan, who has played a critical role in our transformation and strategic portfolio review.  He is a highly accomplished finance executive and I look forward to his partnership.  In addition, we also benefit from the considerable financial and transformation expertise of Carrie Teffner, our Interim Executive Chair.”  Muto continued, “Robb has been a valued member of ascena for many years and we wish him the best in his future endeavors.”

Teffner added: “Since stepping into this role, I have had a first-hand view of Dan’s financial expertise and thought leadership.  Dan will be a critical partner as we execute our transformation plan to return ascena to profitable and sustainable top-line growth.”

Lamadrid joined ascena in 2017 as SVP, Finance and Chief Accounting Officer, after serving as seniro vice president, chief accounting officer at Vitamin Shoppes and VP/Controller at Ralph Lauren.  Prior to these roles, Lamadrid held finance leadership roles at Hartz Mountain Corporation and Toys R Us after starting his career in public accounting.

Lamadrid received a Magna Cum Laude degree with a BS in Accounting from St. John’s University and earned an MBA, with Honors, in Finance from Iona College.  He is a CPA and CMA.

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