ascena retail group, inc. has announced that Dan Lamadrid, SVP, finance and chief accounting officer, has been promoted to executive vice president and chief financial officer, effective August 4, replacing 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, CEO.
“We have a strong successor in Dan, who has played a critical role in our transformation and strategic portfolio review,” Muto said. “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.” Robb has been a valued member of ascena for many years and we wish him the best in his future endeavors.”
“Since stepping into this role, I have had a first-hand view of Dan’s financial expertise and thought leadership,” Teffner said. “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 SVP, 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.
