Executive Vice President, Chief Financial Officer
Keith Manbeck is a financial executive with over 20 years of progressive financial leadership experience with marquee companies. He has extensive experience in Consumer Package goods as well as growing direct to consumer brands and businesses. Prior to joining Whole Foods Market, Mr. Manbeck served as Senior Vice President of Digital Finance, Strategy Management and Business Transformation of Kohl’s Corporation since 2014. At Kohl’s, Mr. Manbeck led efforts to optimize operational effectiveness, margin rate and overall expense structure within the omnichannel organization. He successfully lowered inventory and improved margin in the company’s digital business unit through transformation of buying, planning and allocation organization. He is also credited with delivering significant leverage of shipping and fulfillment expense by evolving inventory allocation and SKU rationalization. Mr. Manbeck partnered with the cross-functional Kohl’s executive team to develop and execute a three-year technology blueprint to ensure optimal capital allocation.
From 2008 until 2014, Mr. Manbeck worked with Nike, Inc. in a number of leadership roles, including as Global Vice President and CFO of the Direct to Consumer business from 2012 to 2014. In this role, Mr. Manbeck managed financial strategy and operations across the globe, delivering double-digit top line growth, expanded gross margin, leveraged expenses and improved profitability by more than 30% each year. As the CFO of Nike’s European retail business, Mr. Manbeck led a turnaround and, by the end of his assignment, the Western Europe division expanded margin and significantly improved profitability. The Central and Eastern European division also saw significant market expansion, positive comp performance and significantly improved profitability.
Before joining Nike, Mr. Manbeck spent three years with Victoria’s Secret Stores from 2005 to 2008 as Vice President of Finance and Finance Director. Mr. Manbeck began his career with Pepsi, holding a number of positions over 12 years and ultimately rising to Group Finance Manager – Business Performance Management.
He holds an MBA in Finance and Economics from the University of Chicago’s Booth School of Business, an MBA in Strategy and Accounting from the University of Illinois at Chicago and a Bachelor of Arts in Business Management from Augustana College.