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Carter's CEO to retire, will be succeeded by CFO

By Associated Press
June 12, 2008 | Comments (0)

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Carter's Inc., which makes apparel for babies and young children, said Wednesday that longtime Chief Executive Frederick J. Rowan II is retiring and will be succeeded by Chief Financial Officer Michael D. Casey.

The transition will take place on Aug. 1.

"This succession in leadership is the result of planning that our board and I have been discussing over the last several years and provides Carter's with strong leadership continuity," Rowan said.

Rowan has served as Carter's president and CEO since he joined the company in 1992. He became chairman in 1996.

Casey joined Carter's in 1993 as vice president of finance and was named CFO in 1998.

Carter's said it is currently searching for a new CFO to replace Casey.

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