Federica Marchionni served as the Chief Executive Officer and President of Lands' End from February 2015 until September 2016. With a strong background in the fashion industry, she previously held an executive role at Dolce & Gabbana USA, where she...

Federica Marchionni served as the Chief Executive Officer and President of Lands' End from February 2015 until September 2016. With a strong background in the fashion industry, she previously held an executive role at Dolce & Gabbana USA, where she grew the business and launched key stores. Marchionni's leadership at Lands' End began amid the company's transition to a standalone brand after separating from Sears Holdings. During her time there, she received a significant compensation package, including a base salary of $950,000, a hefty sign-on bonus of $1 million, and a long-term incentive award valued at $2.75 million. Although her tenure was brief, it was marked by ambitious plans to revive the Lands' End brand. Interestingly, she left the company after it failed to meet certain performance targets, which affected bonus payouts. She is known for her strategic thinking and strong presence in the competitive retail landscape, essential attributes in steering Lands' End's direction during a pivotal period.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Lands' End, Inc. CEOs

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Federica Marchionni

Ex-CEO of Lands' End, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1971 - 54 years ago

CEO of Lands' End, Inc. for

1 year 7 months (Feb 2015 - Sep 2016)

Previous Experience

CEO of Lands' End, Inc.

Rivals

Competitors/colleagues of Federica Marchionni

Holdings

See how much did Federica Marchionni make over time.

As of her departure from Lands' End, Marchionni owned a substantial portion of the company's stock. At the height of her tenure, she had through her compensation packages increased her holdings to include significant numbers of restricted stock units (RSUs)....

As of her departure from Lands' End, Marchionni owned a substantial portion of the company's stock. At the height of her tenure, she had through her compensation packages increased her holdings to include significant numbers of restricted stock units (RSUs). In 2016, the value of her vested stock was around $447,848 based on its market performance at that time. However, during her leadership, the stock did not perform as expected, leading to fluctuations in her total wealth linked to the company's performance metrics. The most striking moment for her personal wealth compared to her holdings came right around when her leadership was scrutinized due to the company's underperformance, impacting the overall market valuation of Lands' End. This dynamic highlights the risks and rewards associated with executive leadership in a competitive retail environment.

Insider Trading

See recent insider trades of Federica Marchionni.

LE

$241.90K

LE at $24.19/share

Jun 19, 2015

Purchase

Compensation History

See how much did Federica Marchionni make over time.

In fiscal year 2016, Federica Marchionni's total compensation reached approximately $1.75 million. This included a base salary of $621,154, with no bonuses due to unmet performance goals. Her package also featured a value of $447,848 from vested restricted stock units. The company's compensation strategy aimed to align executive pay with performance; however, during her tenure, the company struggled to hit its adjusted EBITDA targets, resulting in lower bonuses than anticipated. In the previous year, her total compensation was $531,058, thanks to a large sign-on bonus that year. Marchionni’s compensation structure illustrates a clear connection between performance and pay, a central theme in executive compensation discussions at Lands' End.

Year

2016

Total Compensation

$1.44M

Salary

$621.15K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain highly talented executives committed to the company's mission and performance, with a significant portion of compensation linked to performance measures.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal year 2016 as the threshold financial goal under the 2016 AIP was not achieved, resulting in no payouts under the AIP.

Other

$373.33K

Board Justification

Includes $328,846 in salary continuation payments, $36,538 for unused vacation, and $7,950 in matching contributions under the Lands’ End, Inc. Retirement Plan.

Restricted Stock

$447.85K(19.19K RSU)

Board Justification

19,188 shares of RSUs vested on February 17, 2016, with a value of $447,848 based on the closing price of $23.34 per share on that date.

Performance Metrics

The performance metrics for fiscal year 2016 were based on adjusted EBITDA goals, which were not achieved, resulting in no payouts under the annual incentive plan.

Other Lands' End, Inc. CEOs

Here are other CEOs of Lands' End, Inc.

Joseph M. Boitano

Ex-CEO of Lands' End, Inc.

September 2016 - November 2017