Carter’s Announces CEO Transition and Financial Outlook

Carter’s ( (CRI) ) just unveiled an announcement.

Carter’s, Inc. announced the retirement of Michael D. Casey as CEO and Chairman, with Richard F. Westenberger appointed as Interim CEO. William J. Montgoris will serve as Non-Executive Chairman. Casey will assist in the transition until February 28, 2025, while the board searches for a new CEO. The company reaffirmed its financial outlook for 2024 and issued retention awards to key employees to secure talent during this leadership transition.

More about Carter’s

Carter’s, Inc. is the largest branded marketer in North America of apparel exclusively for babies and young children. The company owns well-known brands like Carter’s and OshKosh B’gosh and operates over 1,000 stores in the United States, Canada, and Mexico, with a significant online presence. It is also a major supplier of children’s apparel to various retailers, both domestically and internationally.

YTD Price Performance: 2.38%

Average Trading Volume: 1,299,372

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.99B

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