Charlotte Russe CEO Retires

San Diego Charlotte Russe announced Monday that its chief executive Mark Hoffman has taken an immediate retirement.

Hoffman, 59, had been CEO since 2003. The company said he will be replaced on an interim basis by Leonard Mogil, 62, a board member and former group executive VP at Phillips-Van Heusen Corp.

The company is seeking a permanent successor.

In related news, Charlotte Russe said fiscal 3Q sales rose 7% to $193.2 million. Analysts expected revenue of $198.8 million.