New CFO joins Burlington Stores from off-price competitor Ross

Off-price retailer Burlington Stores Inc. appointed Kristin Wolfe as chief financial officer, effective on or about Aug. 1.

Current CFO John Crimmins will leave the company on Aug. 31, but will provide consulting services through the end of February 2023.

Wolfe joins Burlington from off-price competitor Ross Stores Inc., where she held a wide range of financial, strategic and operational roles. She most recently served as senior vice president of corporate finance from 2021 through her resignation in May.

Beginning in 2009, Wolfe served in a number of other roles at that company, including senior vice president of store operations from 2018 to 2021, group vice president of store finance and strategy from 2016 to 2018, vice president of store finance and strategy from 2014 to 2016, senior director of corporate strategy from 2012 to 2014, and director of store operations finance from 2009 to 2012.

Prior to her time with Ross Stores, Wolfe spent 10 years with management consulting firm Bain & Co.

“Kristin is a seasoned finance executive with a track record of leadership in financial, strategic and operational roles. She has deep experience in off-price retail, and I believe that she will be a strong partner as we continue to execute on our Burlington 2.0 strategy,” Burlington CEO Michael O’Sullivan said. “We look forward to welcoming her to the Burlington team.”

“I appreciate John’s outstanding leadership, dedication, and important contributions to Burlington over the years,” O’Sullivan continued. “His financial acumen and strong commitment to our stakeholders have been invaluable. John has built an outstanding team, which I am confident will facilitate a seamless transition for Kristin.”

Wolfe’s appoint was announced May 26, the same day Burlington released its First Quarter 2022 earnings, which saw the company post a 12% decrease in total sales with net income of $16 million.