Women’s retailer names financial leader after previous CFO’s short stint

Fort Myers women’s retailer Chico’s FAS has named a new CFO after the resignation of its well-traveled previous top financial executive. 

The new CFO, effective June 24, is David Oliver, who had been senior vice president for finance, controller and chief accounting officer, according to a statement. Oliver joined the company in 2012 and has held multiple leadership roles, including Interim CFO from February 2020 until September 2021. Prior to Chico’s, Oliver held finance roles with Supervalu, the Arden Group and the Vons Cos.

"We are excited about David's appointment,” Chico’s CEO and President, Molly Langenstein says in the release. “David was instrumental in stewarding the company for a year and a half as interim CFO during the early phase of the pandemic. His deep knowledge of Chico's FAS, as well as his impressive financial experience and steady hand, will benefit the company as we continue to make progress against our long-term strategic plan.”

Oliver replaces Patrick Guido, who the company says “resigned to accept a position at another company where he can be located closer to his family.” Guido joined Chico’s in September 2021, coming off two other public company CFO stints, one with athletic wear pioneer Lululemon and one with Asbury Automotive Group, in less than three years. “The Board and leadership team thank PJ for his contributions to Chico's FAS, and we wish him well in his future endeavors," Langenstein says.

Chico’s had $534.7 million in revenue in the first quarter, a slight decrease from $540.9 million in the 2022 first quarter.