Lands’ End, Inc. Board Approves Base Salary Raise For Two VP’s
The Compensation Committee of the Board of Directors of Lands’ End, Inc. (NASDAQ:LE) approved an annual base salary merit increase for each of
(1) Michael P. Rosera, Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer, from $550,000 to $565,000, and
(2) Kelly Ritchie, Senior Vice President, Employee and Customer Services, from $365,920 to $384,000; in each case, effective as of May 30, 2015.
Lands’ End, Inc. (NASDAQ:LE) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products.
The Company operates through two business segments: Direct and Retail. The Direct segment sells products through the Company’s e-commerce Websites, such as www.landsend.com; international Websites, and direct mail catalogs. The Retail segment sells products and services through Lands’ End Shops at Sears across the United States, the Company’s standalone Lands’ End Inlet stores and international shop-in-shops.
The Company’s product categories include Apparel and Non-apparel. The Non-apparel category offers accessories, footwear, and home goods. The Company also offers embroidery, monogramming, gift wrapping, shipping and other services.
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Source: http://marketdailynews.com/2015/06/20/lands-end-inc-board-approves-base-salary-raise-for-two-vps/
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