Claire’s Holdings announced on Monday the appointment of Chris Cramer as interim chief executive officer, effective immediately.

Cramer will also continue to serve in his roles as chief financial officer and chief operating officer, which he commence in late 2023.

He succeeds Ryan Vero, who will step down as chief executive officer and from the company’s board of managers, effective immediately.

Prior to joining Claire’s, Cramer previously spent over 20 years with Bath & Body Works, Inc. (and L Brands) in leadership roles including most recently as chief operating officer. He also previously served as president of Parade, Inc., a Gen Z-focused intimate and lifestyle apparel retailer, and held leadership positions at IBM and Accenture (Andersen Consulting). 

“Since joining Claire’s last year, Chris has demonstrated extensive operational and financial leadership and helped drive our strategic roadmap,” said Samantha Algaze, chairman of the Claire’s board of managers.

“His impressive track record and more than 25 years of industry experience make him the ideal executive to lead Claire’s as we move forward. On behalf of the board, I want to thank Ryan for his service to Claire’s. As we look ahead, Claire’s is poised to build on its position as a powerful, global fashion brand and a true destination for today’s consumer.”

Earlier this year, Claire’s announced a retail collaboration with Walgreens to launch Claire’s fashion accessories and products at over 4,400 Walgreens locations nationwide by the end of March.