Vera Bradley Announces Management and Board Leadership Changes

Leadership Changes - CEO Jacqueline Ardrey is leaving the Company, with a national search for her replacement underway. She will assist in the transition until the end of July 2025 [1][2] - Ian Bickley will assume the role of Executive Chairman effective July 7, 2025, providing leadership during the CEO transition. He has extensive experience in the industry, including roles at Coach and as Interim CEO of the Body Shop [2][3] - Martin Layding has been appointed as the new Chief Financial Officer, starting June 12, 2025, succeeding Michael Schwindle, who will depart on June 30, 2025 [3] Strategic Initiatives - A new Strategy and Transformation Committee has been established to guide the Company's strategic direction and growth initiatives, co-led by Ian Bickley and Director Andrew Meslow [4] - The Company aims to refine its strategy and accelerate its transformation under the new leadership [5] Company Overview - Vera Bradley is a leading designer of women's handbags, luggage, and other travel items, known for its innovative designs and iconic patterns [6] - The Company operates through two reportable segments: Vera Bradley Direct and Vera Bradley Indirect, with sales through various retail channels and online platforms [7]