Jared Poff Steps Down as Designer Brands CFO After 10 Years

Core Insights - Jared Poff, the executive vice president, chief financial officer, and chief administrative officer of Designer Brands, is leaving the company to pursue a new opportunity, with his last day being October 31 [1][2] - Poff has been with Designer Brands since 2015, serving as EVP and CFO since October 2018 and CAO since March 2023 [2] - Doug Howe, CEO of Designer Brands, expressed gratitude for Poff's contributions and wished him success in future endeavors [2] Leadership Transition - Mark Haley, the company's SVP, controller, and principal accounting officer since 2019, has been appointed as the interim principal financial officer effective November 1 [3] - Haley will collaborate closely with Poff and the financial leadership team to ensure a smooth transition [3] - The company plans to conduct an executive search for a permanent CFO [3] Background of Interim CFO - Mark Haley, aged 57, previously held the position of VP and controller from 2017 to January 2019 and has experience in leadership roles at Conn's, Inc., Coldwater Creek, Supervalu, and Deloitte & Touche LLP [4] Financial Performance - In the second quarter of fiscal 2025, Designer Brands reported a 4.2% decrease in net sales, totaling $739.8 million, down from $771.9 million in the same period last year [5] - The adjusted net income for the quarter was $16.7 million, translating to adjusted diluted earnings per share of 34 cents [5]