Spanx names new CEO

Spanx promoted a longtime govt to its prime spot.

In certainly one of many management bulletins, the corporate on Friday stated that Kim Jones has been promoted to the chief govt positionefficient instantly.

Jones has labored with the womenswear model for 15 years, most just lately serving as its president and chief monetary officer.

Martin Elliott will step within the chief monetary position Jones is exiting and can oversee all monetary capabilities on the firm. He brings over 25 years of economic planning and evaluation from a variety of corporations, together with Mattel and The Walt Disney Firm and most just lately MGA Leisure.

Jones labored carefully final 12 months with founder and Govt Chairwoman Sara Blakely to promote a majority stake of Spanx to funding agency Blackstone, a deal that valued the corporate at $1.2 billion.

On the time of the acquisition, Spanx stated the deal would “allow Spanx to speed up its already speedy digital transformation and powerful on-line presence within the e-commerce channel, develop its international footprint, and gasoline its dedication to creating progressive, ground-breaking merchandise for its clients throughout much more classes.”

Blakely credit Jones with taking part in a pivotal position within the firm’s development. “She has a deep understanding of the working facet of the enterprise and monetary disciplines and has nice intuition for the shopper. I’ve discovered a lot from her over the previous 15 years and have cherished having her as a thought associate. I’m excited concerning the development forward, and I’m assured she is the precise chief to take Spanx to the subsequent stage,” Blakely stated in a press release.

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Spanx additionally introduced a variety of extra management appointments together with:

  • Caroline Whitton, who has been with the corporate since 2017, has been promoted to president and can proceed in her position as chief development officer. She’s going to oversee income and development efforts internationally together with e-commerce, wholesale, digital product innovation and buyer expertise, amongst different duties. 
  • Misha Nonoo has been named chief model officer, the place she will probably be tasked with shaping the corporate’s inventive imaginative and prescient and technique. Nonoo joins the corporate from her ready-to-wear namesake model the place she was CEO and artistic director.
  • Coco Lu was named the corporate’s chief individuals officer and can oversee all expertise and human sources capabilities on the firm. She involves Spanx from The Coca-Cola Firm, the place she most just lately served as its international human sources director for its technical, innovation and provide chain operate.

Blakely based Spanx in 2000 with $5,000. The corporate rapidly turned identified for its work in shapewear, however has expanded into activewear, attire, denim, swimwear, leggings and intimates, amongst different classes.

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