The Children’s Place Inc. has promoted a finance executive to chief financial officer, as its current CFO announced his retirement.
The Secaucus-based retailer said in a news release that Robert F. “Rob” Helm, currently senior vice president, finance & inventory management, will take over as CFO on April 1. Michael Scarpa, the current CFO, has decided to retire at age 65, effective March 31.
Helm joined the children’s apparel retailer in 2016 and climbed the finance ranks, including serving as principal accounting officer starting in November 2018, and SVP starting in November 2019.
In his new role, he will report to Jane Elfers, CEO and president of the company.
“Rob is involved in all aspects of the business and has been instrumental in helping to navigate the company throughout the COVID-19 crisis,” Elfers said in a prepared statement. “I have confidence in Rob’s ability to seamlessly transition to the CFO role and to continue to partner with me to create value for our shareholders.
“We wish Mike well in his retirement.”