Citi Trends (CTRN) Declares $0.08 Quarterly Dividend; 1.4% Yield

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Citi Trends (CTRN) Announces David Makuen as CEO; Narrows EPS Guidance Range

February 21, 2020 9:06 AM EST

Citi Trends, Inc. (NASDAQ: CTRN) today announced that the Companys Board of Directors has appointed David Makuen as Chief Executive Officer, effective March 9, 2020. Mr. Makuen will succeed Peter Sachse, who has served as Interim CEO since December 9, 2019. Mr. Makuen will assume the day-to-day leadership of the Company and will also join Citi Trends Board of Directors. Peter Sachse has been appointed by the Board of Directors as the Executive Chairman, effective March 9, 2020, and will work alongside David as he transitions into his new role as CEO. In addition, the Company has narrowed its fiscal 2019... More