Tilly’s Inc. said it has started a search for a new chief financial officer, to replace Jennifer Ehrhardt, who is leaving in June to “pursue other professional interests.”
Ehrhardt joined the Irvine-based apparel, footwear and accessories retailer two years ago. She came from Wet Seal Inc. in Foothill Ranch, where she served as vice president and corporate controller from 2009 to 2013.
“Jennifer has been a talented leader for Tilly’s, playing an important role in further developing our finance and accounting team,” Tilly’s President and Chief Executive Daniel Griesemer said in a statement. He also noted her “many contributions” to the retailer’s growth and said the company supports “her desire to move closer to her family.”
Tilly’s reported net revenue of $152.8 million for the fourth quarter of 2014 that ended Jan. 31, an increase of 9.2% compared to same period in 2013. Analysts expected revenues of $151.43 million. Its net income was $7.1 million for the quarter. For the full year the retailer reported revenue of $518.5 million, up 4.5% year-over-year, and net income of $14.1 million.
Tilly’s market value at today’s close was about $422 million.
