Carter's, Inc. Announces CEO Transition and Reaffirms Financial Outlook

On May 1, 2026, Carter's, Inc. announced a transition in leadership. Sharon Price John has been appointed as the new Chief Executive Officer, President, and a member of the Board of Directors, effective June 15, 2026. Ms. John brings extensive experience from her previous roles, including CEO of Build-A-Bear Workshop. She will receive a base salary of $1,300,000, an annual bonus opportunity of 175% of her base salary, and significant equity awards, including a $6,500,000 sign-on grant. In connection with this transition, Douglas C. Palladini has departed as CEO and President. Richard F. Westenberger has been appointed as Interim CEO and President, effective April 28, 2026, while continuing his role as CFO and COO. The company also reaffirmed its first quarter and full-year fiscal 2026 outlook.