Torrid Holdings Shifts Leadership Team Roles

Torrid Holdings, Inc. appointed Lisa Harper as CEO, Tanner MacDiarmid as interim CFO and Liz Muñoz to a new role as chief creative officer.

Timed with the organizational changes, Michael Shaffer, former CFO of PVH Corp., has joined the company’s Board of Directors as an independent member and chair of the Audit Committee.

In her new role, Muñoz will focus on product, design, product development, fabrication, sourcing, technical fit, creative marketing, and merchandising.

“Liz has done a terrific job leading Torrid, including playing an important role in the company’s successful initial public offering in 2021,” said Stefan Kaluzny, chairman, Torrid’s Board of Directors. “Liz is driven by her passion for product and Torrid’s customer, and we are thrilled to have her assume this critical new role at the company.”

In addition to serving as CEO, Harper will remain a member of the Torrid Board of Directors. She has previously served as CEO of Belk, Hot Topic and Gymboree, among other leadership roles in the retail industry.

“Lisa brings tremendous direct-to-consumer experience to her new role at Torrid,” Kaluzny said. “Together Lisa and Liz will focus on driving strategic growth and value for all stakeholders. Liz’s focus on product and the customer combined with Lisa’s operational expertise create an outstanding team.”

As previously announced, George Wehlitz retired from his role as CFO at the end of the first quarter of fiscal 2022 and is now an advisor. MacDiarmid will work as interim CFO. His experience includes leadership roles as a partner at Meru, a senior vice president at McKinsey & Company and senior director at Alvarez & Marsal.

Chinwe Abaelu, senior vice president, chief accounting officer, is the principal financial officer until a new CFO is hired.

Shaffer joins Torrid’s Board of Directors Audit Committee as Chair working alongside Theo Killion, its lead independent director, and Valeria Rico, also an independent director. Shaffer retired in September 2021 after serving 31 years with PVH in leadership roles, including CFO and COO.