Hudson, Ohio – Travis Smith has resigned as president and CEO of Jo-Ann Fabric and Craft Stores. Until a replacement has been identified, Jim Kerr, executive VP and CFO, will serve as Interim CEO of the company, while continuing in his current role as CFO.
The board of directors is undertaking a comprehensive search to identify a replacement. In his role as interim CEO, Kerr will partner with Riddi Kline, executive VP of marketing and merchandising, and Tom Williams, executive VP of operations and HR, to manage the business.
Smith joined Jo-Ann in July 2006 and has served in various executive roles prior to being named CEO in August 2011. Smith oversaw marketing, merchandising, sourcing, inventory management, supply chain and store operations. He expressed goodwill in a public statement but did not identify what his next career move will be.
“I am proud of our accomplishments at Jo-Ann,” said Smith. “Together we have expanded the reach of Jo-Ann by growing the store base, investing in omni-channel initiatives, and improving the customer experience. I wish the company and its employees all the best as I pursue a new chapter in my career.”