CRI · Carter's, Inc.

Carter's leadership transition features the appointment of Sharon Price John, a seasoned executive from Build-A-Bear Workshop where she drove profitability and growth over 13 years, as the new CEO and President starting June 15, 2026. Her compensation package is competitive for the role, including a $1.3 million base salary, 175% target bonus, substantial sign-on equity split between time-based and performance-based restricted shares aligned with executive awards, and a $500,000 cash bonus, with tailored acceleration provisions for early termination without cause or good reason. Douglas C. Palladini's departure as CEO effective April 28 follows a period of organizational reset amid tariffs and retail optimization, with standard severance eligibility. Richard F. Westenberger, the current CFO and COO with prior interim CEO experience, bridges the gap as interim leader with added stipend and equity incentives. Amid the changes, the company reaffirms its fiscal 2026 outlook, signaling operational stability and confidence in ongoing momentum to investors.