Francesca's Holdings Corporation announced that its Chairman, President and CEO, Michael W. Barnes has resigned for personal reasons effective immediately. The Company's former Lead Director, Richard W. Kunes, has been named interim Chairman, President and CEO. Mr. Kunes has served on the Company's Board since February 2013 and served as the Lead Director from July 2015 until his appointment as interim CEO.

A search for a successor has commenced. Previously, Mr. Kunes served as Executive Vice President & Senior Advisor to the Chief Executive Officer at The Estée Lauder Companies Inc. from August 2012 to June 2013.