Torrid (City of Industry, Calif.), has announced Tim Martin as its new CEO and CFO. Additionally, Hyon Park has been named the apparel brand’s Chief Technology Officer.
Martin most recently served as Executive VP and CFO of Guitar Center (Westlake Village, Calif.). His 25 years of experience include roles at Lands’ End, The Gap, Disney, Coldwater Creek and Amgen. In his new position, Martin will lead all of Torrid’s finance and operations, and replaces Tanners MacDiarmid who was recently serving as Interim CFO.
Park, with 25 years of information technology and consulting experience and two decades of direct-to-consumer retail expertise, will lead Torrid’s information technology team including software and applications, infrastructure and security, governance and business intelligence.
“I am very excited to welcome Tim who is a seasoned leader known for his analytical acumen, strategic orientation and proven ability to drive results,” says Lisa Harper, Torrid’s CEO. “His expertise will be invaluable to our operations, and he will be a valued strategic partner to me and the entire leadership team. I also want to welcome Hyon Park … Hyon will be pivotal in helping build more robust technology and digital capabilities.”
Torrid is owned by Sycamore Partners (New York), which also owns the youth-oriented mall cornerstone Hot Topic. Torrid began offering its plus-size clothing line in 2001, and currently has 600 stores in operation across 36 states. Last year, the company delivered $1.3B in net sales, achieving 31 percent growth over 2020. In an updated fiscal report, Torrid expects its second quarter sales to be between $335 million and $340 million.