Eddie Bauer CEO to leave company
Seattle -- A Tuesday report by the Seattle Times said that Eddie Bauer chief Neil Fiske, who joined the retailer in 2007 and led it through bankruptcy, will leave his post effective March 2.
The company has not given a reason for Fiske’s sudden departure. David Chamberlain, executive chairman, will serve as interim CEO until a permanent replacement is named. Fiske will remain with the company as a consultant to ensure a smooth transition.
“Neil set the vision and strategy for the company's return to its roots, and the board is committed to continuing this direction," said Chamberlain in a statement.
Chamberlain said the company will look for a CEO "who can take the brand through its next phase of growth."
Fiske took the helm of Eddie Bauer in July 2007 after leading a turnaround of Bath & Body Works. During the height of the recession, in June 2009, Eddie Bauer filed for Chapter 11 bankruptcy protection and was purchased out of bankruptcy and taken private by Golden Gate Capital for $286 million in cash.