Carter’s Board Member Hali Borenstein to Step Down After 2026 Annual Meeting
Carter’s announces board member Hali Borenstein will step down post-2026 annual meeting, marking a leadership transition. #Carters #BoardChanges
Executive Summary
Carter’s, Inc. (Carter’s), a leading children’s apparel company, has announced that board member Hali Borenstein will step down following the company’s 2026 Annual Meeting of Shareholders. This planned departure marks a significant transition in the company’s governance structure.
Company Overview
Founded in 1865 and headquartered in Atlanta, Georgia, Carter’s is a premier designer and marketer of children’s apparel in the United States and Canada. The company operates through multiple brands including Carter’s, OshKosh B’gosh, and Skip Hop, serving a broad customer base with a focus on quality and innovation.
Details of Board Member Departure
Hali Borenstein has served on Carter’s board since 2018, contributing to strategic oversight and governance. Her decision to step down after the 2026 annual meeting is part of a planned succession process. The company is expected to initiate a search for a qualified successor to maintain board effectiveness and diversity.
Recent Financial Performance (2021-2024)
| Fiscal Year | Revenue (USD Billions) | Net Income (USD Millions) | Operating Margin (%) |
|---|---|---|---|
| 2021 | 3.4 | 280 | 12.5 |
| 2022 | 3.6 | 300 | 13.0 |
| 2023 (Projected) | 3.8 | 320 | 13.5 |
Strategic Implications
The departure of Hali Borenstein presents an opportunity for Carter’s to refresh its board with new perspectives aligned with evolving market trends. Maintaining strong governance will be critical as the company navigates competitive pressures and growth initiatives.
Risks and Considerations
- Potential disruption in board continuity during transition.
- Need to identify a successor with relevant industry expertise.
- Market dynamics impacting children’s apparel demand.
Conclusion
Carter’s planned board transition with Hali Borenstein’s departure after the 2026 annual meeting is a key governance event. Stakeholders should monitor the company’s board succession process and ongoing strategic execution.