Francesca's Holdings Corp. (FRAN) announced Friday morning that Michael W. Barnes has been named Chairman, President, and Chief Executive Officer, effective immediately. He succeeds Neill Davis, who has resigned as President, CEO and a Director.
Francesca's Holdings gapped open sharply higher Friday and has risen steadily in early trade on above average volume. Shares are now up 2.84 at $14.40. The stock has surged to over a 2-month high.
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