Men's Wearhouse succession plan: Founder Zimmer to step down as CEO
Houston -- Men's Wearhouse announced Monday that company president and COO Douglas S. Ewert will succeed founder George Zimmer as president and COO, effective June 15.
According to the retailer, the transition is part of a previously announced succession plan.
Ewert, 47, has been nominated by the board to be elected as a director of the company at the annual shareholder meeting and will be included in the list of nominees in the proxy statement for consideration by the shareholders.
Zimmer, 62, will continue as executive chairman of the board of directors, and will assist in strategic direction and marketing activities.