J.Crew Loses 2nd Major Exec in 3 Weeks

Well, this doesn't look good.
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Lauren Indvik
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Well, this doesn't look good.
Photo: Tim Boyle/Getty Images

Photo: Tim Boyle/Getty Images

J.Crew is continuing to shuffle its top ranks. Three weeks after Chief Financial Officer Stuart C. Haselden decamped for Lululemon, the company announced that Chief Operating Officer James Scully -- who was also filling in as interim CFO after Haselden's departure -- is leaving the company after seven years. He will depart at the end of next month to join Avon as CFO.

Both departures follow a less than stellar year for J.Crew, which has seen declining comparable sales and store profitability in recent quarters, particularly in its womenswear business. Since both already had jobs lined up,  it appears that neither Currie nor Scully were forced out. J.Crew says it is already looking for a CFO, and "intends to immediately commerce a search" for a new COO.

Joan M. Durkin, J.Crew's senior vice president and chief accounting officer of the past year, will be stepping in as interim CFO.