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Posted 26 April, 2022

1 800 FLOWERS COM INC appointed new CEO

CEO Change detected for ticker Nasdaq:FLWS in a 8-K filed on 26 April, 2022.


  Effective April 25, 2022, Christopher G. McCann has resigned as President of 1-800-FLOWERS.COM, Inc. (the "Company"). He will remain employed by the Company as Chief Executive Officer.  

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Overview of 1 800 FLOWERS COM INC
Retail/Wholesale • Specialty Retail
1-800-FLOWERS.COM, Inc. engages in the provision of gift design. It operates through the following segments: Consumer Floral and Gifts, BloomNet, Gourmet Foods and Gift Baskets. The Consumer Floral and Gifts segment focuses on the operation of 1-800-Flowers.com, PersonalizationMall, Alice’s Table, and Things Remembered. The BloomNet segment includes memberships, service offerings to florists, and other products. The Gourmet Foods and Gift Baskets segment involves the management of Harry & David, Wolferman’s, Cheryl’s Cookies, The Popcorn Factory, 1-800- Baskets/DesignPac, Shari’s Berries, and Vital Choice. The company was founded by James Francis McCann in 1976 and is headquartered in Jericho, NY.
Market Cap
$647M
View Company Details
1 800 FLOWERS COM 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.

 

Effective April 25, 2022, Christopher G. McCann has resigned as President of 1-800-FLOWERS.COM, Inc. (the "Company"). He will remain employed by the Company as Chief Executive Officer.

 

Also effective April 25, 2022, the Board of Directors of the Company has appointed Thomas Hartnett to serve as President of the Company. Mr. Hartnett, age 58, joined the Company in 1991, and has since held several positions of increasing responsibility with the Company. He was named President, Consumer Floral in September 2013 and Group President, Consumer Floral and Gifts in August 2020. Prior to joining the Company, Mr. Hartnett was a certified public accountant with Ernst & Young LLP. In connection with his appointment as President, Mr. Hartnett's base salary will increase from $530,000 to $630,000 per annum, and Mr. Hartnett's annual bonus target will increase to 90% of his base salary, effective April 25, 2022. In addition, on or about May 3, 2022, Mr. Hartnett will receive a special award of restricted stock having a value of $750,000, determined based on the volume-weighted average stock price for the preceding 30 days, and cliff vesting on the third anniversary of the date of grant. The selection of Mr. Hartnett to serve as President was not pursuant to any arrangement or understanding with respect to any other person. In addition, there are no family relationships between Mr. Hartnett and any director or executive officer of the Company, and there are no related persons transactions between the Company and Mr. Hartnett reportable under Item 404(a) of Regulation S-K.