Tailored Brands names new CEO
Tailored Brands on Wednesday announced the promotion of John Tighe to the role of chief executive officer, as well as joining the U.S. apparel firm's board of directors, effective August 5.
Tighe succeeds Peter Sachse, who will transition from his current role as CEO to executive chairman of the company's board.
The new CEO first joined Tailored Brands in May 2021 as executive vice president and chief customer officer, before becoming president of the Houston-based company in March 2022.
'The hallmark of a strong and resilient organization is a well-developed succession plan, and John's promotion highlights the thoughtful, holistic talent strategy Tailored Brands has established," said Sachse, who was first appointed to the board in March 2021, and went on to lead the company's transformation as co-CEO alongside Bob Hull. In February 2024, he was named sole CEO.
"Over the past four years, John has been instrumental in our company's ability to anticipate market shifts and evolve with our customers as he architected nuanced merchandising, planning, marketing, and value-driven pricing strategies. There is no doubt he is the right successor at the right time, and I'm excited to see Tailored Brands continue to thrive under his leadership.'
Based in Texas, Tailored Brands is a specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. Its portfolio includes Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.
'I'm honored to lead this talented organization to deliver on our company's purpose and value proposition. I look forward to Peter's continued mentorship as he takes on his new role and want to thank the board, Peter and the entire leadership team for their support and confidence," said Tighe.
"I'm grateful to work alongside such a talented and passionate leadership team as well as the more than 14,000 team members who wake up every day to put our customers at the center of every decision. We wouldn't be where we are today without their tireless dedication, and I look forward to unlocking the potential of all our banners as a team."
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