Doug M. Howe is the current CEO of Designer Brands Inc., having stepped into the role on April 1, 2023, after a planned succession from former CEO Roger Rawlins. Before this role, Doug served as the Executive Vice President and...

Number of Employees

14K

Year

2023

Total Compensation

$7.53M

Salary

$1.21M

Board Justification

The compensation philosophy aims to attract and retain highly qualified leaders, drive performance by incentivizing NEOs to attain short-term and long-term goals, align interests with shareholders, and create long-term shareholder value.

Bonus

$0.00

Board Justification

No bonus was paid out for fiscal 2023 due to performance metrics not being met.

Other

$13.84K

Board Justification

Other compensation includes 401(k) matching contributions and a small amount for life insurance premiums.

Restricted Stock

$6.31M(684.98K RSUs)

Board Justification

The vested stock includes performance-based and time-based RSUs that vested during fiscal 2023, with the performance-based RSUs not achieving the threshold performance level resulting in no payout for those awards.

Performance Metrics

The primary performance metric for fiscal 2023 was Adjusted Operating Income, which was not met, resulting in no payouts for the cash incentive plan.

SEC Filing

From May 3, 2024

Doug M. Howe

CEO of Designer Brands

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Education

Creighton University, degree in business administration and management

Field of Expertise

Sales & Marketing - Merchandising

Born

January 1, 1961 - 64 years ago

Is Founder?

No

Current Tenure

1 year 9 months (Apr 2023 - Present)

Previous Experience

President of DSW Designer Shoe Warehouse and Executive Vice President of the Company; Chief Merchandising Officer of Kohls Corp.; served in a variety of roles at Qurate Retail Group, including as EVP, Chief Merchandising Officer.