David Dyer to retire as Chico’s President and CEO

Chico's announced that David F. Dyer has informed the Board of Directors of his intention to retire as President and CEO after the conclusion of the 2015 fiscal year, in the spring of 2016. After a successor is named, Dyer will remain on the board in the newly-created role of Vice Chairman through his current term, which ends in June 2016.

The board of directors has established a succession planning committee to identify Dyer's successor and has retained Herbert Mines Associates, a leading executive search firm with particular expertise in the retail industry, to assist in the process.

Commenting on behalf of the board, Ross Roeder, Non-Executive Chairman said, " From the moment David took the reins in early 2009, he led significant and positive changes on all fronts: merchandise, marketing, and technology, while also accelerating our push into omni-channel and laying the foundation for global expansion.”

Dyer joined the Chico's board in 2007 and became the company's President and CEO in January of 2009.