Burlington Stores’ CFO leaves; interim replacement named

By Eric Strauss
Burlington | Sep 16, 2019 at 2:02 pm

The apparel retailer Burlington Stores Inc. said Monday its chief financial officer, Marc Katz, has resigned as CFO and principal to pursue other opportunities. John Crimmins, executive vice president, finance, and chief accounting officer, will serve as interim CFO.

“On behalf of the entire board and management team, I would like to thank Marc for his dedication and valuable contributions during his 11-year career at Burlington,” Executive Chairman Thomas Kingsbury said in a prepared statement. “Marc has played a significant role in improving our financial and operational performance and strengthening our position as a leader in the off-price retail business. We wish him well in his future endeavors.

“John has been an active and valuable contributor to the Burlington management team since 2011 and has been leading our finance function for the past several years. We are fortunate to have a proven leader who possesses the important business acumen and experience to ensure a seamless transition.”

The Burlington-based company also has a new CEO, as Michael O’Sullivan took over the role Monday.

“Today is an exciting day for Burlington, as Michael O’Sullivan begins as our chief executive officer,” Kingsbury said. “Our future is bright, and I look forward to working closely with the board, Michael, Jennifer Vecchio, our president and chief merchandising officer, and the rest of our leadership team to ensure a successful leadership transition.”

Eric Strauss | estrauss@roi-nj.com | acerimrat