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Destination Maternity to close 117 stores amid turnaround

November 6, 2018

Ryan recently inked a new three-year contract to stay on as the CEO of the troubled maternity business. That leaves her to pick up the pieces at a retailer that has experienced significant turmoil in its C-suite and on its board in recent months.

She was first appointed CEO five months ago after she and three other “dissident” nominees, put forward by activist investors, were elected to the board. Shareholders also then swept the board, replacing members with, in addition to Ryan, Skullcandy Co-Founder Holly Alden, equity analyst Christopher Morgan and retail consultant Anne-Charlotte Windal. It was the “first time in recent corporate history that a majority of women dissident directors have won a proxy contest,” Reuters reported at the time.

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