New CEO named at retailer Chico's FAS
Once high-flying women's retailer Chico’s FAS, based in Fort Myers, will pay retiring CEO Scott Edmonds severance of $4.4-million plus two years of medical coverage for him and his dependents, according to documents filed Thursday with the Securities and Exchange Commission. Edmonds, 51, announced his intention to retire from the positions of president, chief executive officer and chairman to the board of directors on Wednesday, the Fort Myers News-Press reports.
Chico's said David F. Dyer, 59, will succeed Edmonds. Dyer formerly served as CEO of Tommy Hilfiger and Land's End. He is best known to Tampa Bay readers as the former chief operating officer in St. Petersburg of Home Shopping Network from the mid-1990s. He was a Chico's board member and will remain one.
Here's the full press release from Chico's on the outgoing and income CEOs. Chico's stock, which traded close to $50 a share in early 2006, closed Thursday at $4.23.
(Photos: St. Petersburg Times files.)
-- Robert Trigaux, Times Business Columnist