Kirkland's hunts for new CEO
Kirkland's is looking for a new CEO after Michael Madden, the president, CEO and director of Nashville-based retailer, resigned.
The retailer said Madden will serve as an employee-advisor to the board until June 30. Michael B. Cairnes, the company's Executive Vice President and Chief Operating Officer, will serve as Acting Chief Executive Officer while the board conducts a search for a new CEO.
Since November 2016, Cairnes has been responsible for the operations of the Company, overseeing marketing/e-commerce, merchandising, planning & allocation, store and supply chain operations.
"We thank Mike Madden for his 18 years of service and his assistance as an advisor during this transition," said R. Wilson Orr, Kirkland's Chairman of the Board. "We have important initiatives underway that we believe can improve our financial performance, and Mike Cairnes' proven experience in running our day-to-day operations will enable us to maintain continuity and execution focus as the board proceeds with the CEO search."
Prior to joining Kirkland's, Cairnes was with Michael's Stores, where he served concurrently as President of its Aaron's Brothers retail business, since 2015, and President of its Artistree framing business, since 2007. Prior to Michael's, Cairnes held senior leadership positions at Brushstrokes, a publisher of art canvases, and Larson-Juhl, a manufacturer of home décor products. He also has served as a board and strategy advisor to Bain Capital and Blackstone.
Kirkland's, Inc. operates 423 stores in 36 states.