Torrid drops interim tag from CFO

Torrid Holdings Inc. has promoted its interim CFO into the full role as of Dec. 4.

The apparel, intimates, and accessories brand for women sizes 10 to 30 has announced that Paula Dempsey will fill the role immediately. She joined Torrid in January 2023 and has been serving as interim CFO and senior vice president of investor relations since May 2023. Prior to Torrid, she was president of corporate finance at Mattress Firm.

“I am delighted to announce that after an extensive search, we have chosen Paula as our new CFO,” said Lisa Harper, Torrid’s CEO. “She has proven herself as a strong leader and a great partner to me and our entire executive team. I am confident that Paula is the right person to lead our finance organization.”

In May, Tim Martin, Torrid’s CFO and COO, resigned to pursue other opportunities, and Dempsey was promoted to the interim CFO role.

“Torrid is uniquely positioned in the retail market and has an incredibly loyal customer base,” said Dempsey. “I believe there is tremendous potential for this brand to deliver consistent and profitable growth over the long term.”

Based in City of Industry, Calif., Torrid operates more than 640 stores. In March, the company said it planned to open 30 to 40 stores this year.