Canada Goose is bolstering its C-suite, bringing Beth Clymer on board to take the new role of president, finance, strategy and administration, starting Jan. 8.
Clymer spent the last four years as chief financial officer at online employment platform Jobcase, where she oversaw finance, people and culture, corporate development, strategy and legal.
But before that, she spent a decade as an operating partner at Bain Capital, where she worked closely with Canada Goose from 2015 to 2019, a period of rapid growth that saw the company go public in 2017.
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Bain still owns nearly 31 million shares of Canada Goose multiple voting stock, giving the private equity firm control of 54.8 percent of the voting power at the parka-maker.
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Clymer will report to Dani Reiss, chairman and chief executive officer.
Reiss said: “Beth is a skilled operator with an incredible track-record, and is intimately familiar with our brand, strategy and teams. I know she will be an invaluable partner to myself and to our leadership team and I look forward to seeing her impact.”
Clymer added: “I have been a champion of Canada Goose and its exceptional product, globally loved brand and talented team for a long time, and I am thrilled to join the business, officially — especially during such an exciting and important time in its trajectory. I am proud to have supported many of Canada Goose’s key growth levers, including market expansion, wholesale to DTC evolution and transition from privately held to publicly traded, but I believe that we are just getting started and I am excited to capture the incredible efficiencies and opportunities that lie ahead of us.”
Clymer will work closely with Jonathan Sinclair, who is transitioning to become president of the Asia Pacific region, and Neil Bowden, who is set to become CFO.
For years, Canada Goose has gone from strength to strength as it helped pioneer the world of luxury outerwear and moved into new categories, built a retail network and expanded in China.
This fall, at least some analysts started taking a more reserved stance, pointing to everything from recent sales trends to China to warmer weather to brand heat.
The stock is down 30.8 percent over the past year, but has been on the rebound recently. Shares rose 5.8 percent to $12.65 on Tuesday, giving the company a market capitalization of $1.3 billion.
Reiss has remained as bullish as ever.
“We’re focused on building a world-class luxury brand,” the CEO told WWD last month. “Such a brand has never existed out of Canada before. The kind of authenticity that we have is very rare in brands outside of Europe, frankly, and we continue to lean into that.
“Sure it’s been difficult to navigate the last few years of COVID-19 and lockdowns and now economic pressures and macro conditions that are affecting everybody, but I think that we’ve been navigating them well,” Reiss said.
Canada Goose also said Penny Brook, chief marketing and experience officer, will leave the company at the end of the year.
Carrie Baker, president, brand and commercial, will continue to oversee global marketing.
While Baker had been the company’s sole president since 2022, her role and responsibilities haven’t changed while her title has evolved to better describe her purview.
Daniel Binder continues his work as chief transformation officer.