Management ChangeMay 1, 2026, 04:22 PM
Carter's Appoints Sharon Price John as CEO; Reaffirms 2026 Outlook
AI Summary
Carter's, Inc. announced the appointment of Sharon Price John as its new Chief Executive Officer, President, and a member of the Board of Directors, effective June 15, 2026. Ms. John brings extensive experience, having successfully led Build-A-Bear Workshop for 13 years, and will receive a base salary of $1,300,000, significant equity grants, and a special cash bonus. Concurrently, Douglas C. Palladini departed from his roles, and the company reaffirmed its first quarter and full-year fiscal 2026 outlook.
Key Highlights
- Sharon Price John appointed CEO, President, and Director of Carter's, effective June 15, 2026.
- Douglas C. Palladini departed as CEO, President, and Director.
- Ms. John previously served 13 years as CEO and President of Build-A-Bear Workshop, driving growth.
- Ms. John's initial base salary is $1,300,000 annually, with a 175% target annual cash bonus.
- She will receive a $6,500,000 sign-on equity grant and a $500,000 special one-time cash bonus.
- Carter's reaffirmed its first quarter and full-year fiscal 2026 outlook.
- Richard F. Westenberger appointed interim CEO and President during the transition period.