Francesca's President and COO Backes Steps Down 1/27/14
HOUSTON — Clothing and accessories company Francesca's Holdings Corp. says its president and chief operating officer has left the company.
The Houston-based company's announcement about Theresa Backes took effect Monday. Francesca's says it won't hire a new COO.
CEO Neill Davis is being given the title of president. Davis and other executives will assume additional duties formerly handled by Backes, who'd been with the company since 2007.
Francesca's on Jan. 10 raised the low end of its forecasts for fourth-quarter net income and revenue, saying its sales were strong over the holidays.