Oxford Industries names Michelle Kelly new Lilly Pulitzer CEO

Oxford Industries Inc. , owner of the Lilly Pulitzer brand, said Tuesday that Michelle Kelly will replace Scott A. Beaumont and James B. Bradbeer Jr. as Lilly Pulitzer's chief executive. Beaumont and Bradbeer are retiring as Lilly Pulitzer's co-CEOs in April 2016, and plan to continue to serve as advisers to Oxford, the company said in a statement. Kelly is the current brand president. Shares of Oxford, which also owns the Tommy Bahama brand, were flat in late trading Tuesday after ending the regular session also flat.

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