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Posted 09 February, 2022

CROWN CRAFTS INC appointed Olivia W. Elliott as new CEO

Nasdaq:CRWS appointed new Chief Executive Officer Olivia W. Elliott in a 8-K filed on 09 February, 2022.


  On February 8, 2022, the Company's Board of Directors appointed Olivia W. Elliott to serve as the Company's Chief Executive Officer, effective March 1, 2022.  

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Overview of CROWN CRAFTS INC
Consumer Goods • Housewares
Crown Crafts, Inc. engages in designing, marketing, and distributing infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and wash clothes, development toys, and feeding and care goods. The firm's brands include Sassy, Manhattan Toy, NoJo, and Neat Solutions. The company was founded by Philip Bernstein in 1957 and is headquartered in Gonzales, LA.
Market Cap
$42.2M
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CROWN CRAFTS INC by TradingView
Relevant filing section
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



 
On February 8, 2022, the Company's Board of Directors appointed Olivia W. Elliott to serve as the Company's Chief Executive Officer, effective March 1, 2022. Ms. Elliott currently serves as the Company's President and Chief Operating Officer, but will cease serving as Chief Operating Officer on such date. Effective March 1, 2022, Ms. Elliott's salary will increase from $340,000 to $400,000 per annum. Other changes to Ms. Elliott's compensatory arrangements with the Company in connection with her appointment have not yet been determined. For a description of Ms. Elliott's current compensatory arrangements with the Company, including the terms of her employment agreement, see the "Executive Compensation" section of the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission on June 28, 2021, which description is incorporated herein by this reference.

 

Ms. Elliott, age 52, has been President and Chief Operating Officer of the Company since January 4, 2021. She joined the Company in 2001 as Treasurer and served as Chief Financial Officer from 2008 to 2020. Ms. Elliott began her career in public accounting in 1991 with Deloitte & Touche LLP, where she worked for more than three years, after which she worked for seven years in finance and treasury functions with two public companies.

 

Upon effectiveness of Ms. Elliott's appointment as Chief Executive Officer, E. Randall Chestnut, who has served as the Company's Chief Executive Officer since 2001, will no longer serve in such role but will continue to serve as Chairman of the Board.