- July 26, 2019
Shelley Broader, CEO of Fort Myers-based women’s retailer Chico’s FAS for a little over three years, leaving in 2019, has joined the board of a Minnesota-based medical technology company.
Broader, at the helm of Chico’s from December 2015 to April 2019, is now on the board of Minneapolis-based Inspire Medical Systems. Publicly traded on the NYSE, Inspire focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea. The company says its proprietary Inspire therapy is the first and only FDA-approved neuro-stimulation technology, inserted into the body through an outpatient procedure, which provides a safe and effective treatment for moderate to severe obstructive sleep apnea.
“As our business continues to grow and our corporate strategy evolves, it is critical that we expand the focus and expertise on our board,” Inspire President and CEO Tim Herbert says in a statement. “Shelley’s experience as a senior executive and her focus on global brands will be invaluable to Inspire. We look forward to her contributions to our board as we continue to execute on broadening our commercial strategy.”
Prior to Chico’s, Broader was President of Walmart International EMEA, Walmart Canada Corp. and President and COO of Michael’s Stores, among other roles. She left Chico’s amid a period where the company was changing directions, aiming to boost online sales and its ecommerce network while shrinking its network of brick-and-mortar stores. Chico’s officials, in the statement announcing an interim CEO to replace Broader, didn’t disclose a reason for why she departed the company.
“I am very excited to be joining the Inspire Board,” Broader posted on her LinkedIn page. “Inspire Medical Systems is a mission-driven company focused on delivering a breakthrough treatment for people with sleep apnea. We all deserve a great night's sleep. No mask. No hose. Just sleep.”
Founded in 2007, Inspire posted $82.1 million in revenue in 2019.