Content about interim CEO

June 19, 2014

Apparel retailer American Apparel Inc. has fired its controversial founder Dov Charney as chairman, effective immediately, and has moved to fire him as CEO and president.

Los Angeles -- Apparel retailer American Apparel Inc. has fired its controversial founder Dov Charney as chairman, effective immediately, and has moved to fire him as CEO and president. The actions come on the heels of an ongoing investigation into alleged misconduct by Charney, who has been targeted in sexual harassment lawsuits and charged with allegations of misconduct for years.

"Charney will be terminated for cause after a contractual 30-day cure period,” the Los Angeles-based company said in a statement.

May 7, 2014

John Mulligan, the interim CEO of Target, said he wants customers to know they can shop with confidence at Target. Mulligan made his remarks during a TV interview with CNN's Poppy Harlow.

New York -- John Mulligan, the interim CEO of Target, said he wants customers to know they can shop with confidence at Target. Mulligan made his remarks during a TV interview with CNN's Poppy Harlow (See video below).

Mulligan, CFO of Target, was named as the interim CEO on Monday. He replaced company veteran Gregg Steinhafel, who departed the chain as it deals with the ongoing aftermath of its data breach.

March 4, 2014

Founded as a “cook your own steak” restaurant in an abandoned gas station in 1974, Quaker Steak & Lube has evolved into one of the nation’s most up-and-coming casual-dining chains, renowned for its award-winning chicken wings and flavorful — make that hot — sauces. But as much as the food offerings have changed at “The Lube,” the brand remains true to its gas station and vintage car-loving roots.

October 16, 2013

Toys “R” Us announced that Antonio Urcelay has been named chief executive, effective immediately, after serving as the company’s interim CEO since May of this year.

Wayne, N.J. -- Toys “R” Us announced that Antonio Urcelay has been named chief executive, effective immediately, after serving as the company’s interim CEO since May of this year. In other executive news, the retailer appointed a former Wal-Mart executive, Hank Mullany, as president of Toys “R” U.S., effective Nov. 5.

Urcelay, 61, who joined Toys “R” Us in 1996, had been president of the company's Europe business before being named interim CEO.

August 20, 2013

J.C. Penney Co. posted a wider-than-expected loss in the second quarter on a nearly 12% drop in revenue. But even though Penney’s results were worse than expected, there were small signs that interim CEO Myron Ullman may be starting to stop the bleeding related to former CEO Ron Johnson’s failed transformation of the chain.

DALLAS — J.C. Penney Co. posted a wider-than-expected loss in the second quarter on a nearly 12% drop in revenue. But even though Penney’s results were worse than expected, there were small signs that interim CEO Myron Ullman may be starting to stop the bleeding related to former CEO Ron Johnson’s failed transformation of the chain.

The quarter was the first entirely under the watch of Ullman, who returned to Penney in April to undo the strategy put in place by Johnson, who planned to transform Penney stores into a series of branded in-store shops.

August 20, 2013

Closeout retailer Tuesday Morning announced the appointment of Michael Rouleau to CEO, effective immediately.

DALLAS — Closeout retailer Tuesday Morning announced the appointment of Michael Rouleau to CEO, effective immediately. Rouleau, who was appointed interim chief executive in March 2013, will also continue to serve on the company's board of directors, which he joined in November 2012.

August 13, 2013

J.C. Penney Co. announced that activist investor and hedge fund manager Bill Ackman has resigned from the board of directors of the company, effective Aug. 12.

New York -- J.C. Penney Co. announced that activist investor and hedge fund manager Bill Ackman has resigned from the board of directors of the company, effective Aug. 12. His resignation comes in the wake of a very public and heated campaign in which he called for the ouster of Penney interim CEO Myron Ullman and chairman Thomas Engibous.

June 26, 2013

Stein Mart has named Jay Stein, its interim CEO since September 2011, as permanent CEO.

Jacksonville, Fla. – Stein Mart has named Jay Stein, its interim CEO since September 2011, as permanent CEO. Stein has been chairman of Stein Mart’s board of directors since 1989 and will remain in that position. He also served as CEO from 1990 to 2001.

June 24, 2013

Ulta Beauty has selected Mary Dillon, the president and CEO of U.S. Cellular, as CEO, effective July 1, 2013.

Bolingbrook, Ill. -- Ulta Beauty has selected Mary Dillon, the president and CEO of U.S. Cellular, as CEO, effective July 1, 2013. She replaces Dennis K. Eck, who has been serving as interim CEO of Ulta since CEO Chuck Rubin left to head up Michaels.

Dillon, 52, who will also become a member of Ulta’s board, has served in the top spot at U.S. Cellular since 2010. Previously, she was global chief marketing officer and executive VP for McDonald's Corp.

June 14, 2013

Dawn Lepore, who has previously served as interim CEO of Prosper Marketplace and also held executive positions at drugstore.com and The Charles Schwab Company, has been named to the board of directors of The TJX Companies.

Framingham, Mass. -- Dawn Lepore, who has previously served as interim CEO of Prosper Marketplace and also held executive positions at drugstore.com and The Charles Schwab Company, has been named to the board of directors of The TJX Companies.

TJX is expanding the size of its board with this appointment and Lepore joins 10 sitting board members.

 

May 13, 2013

Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

New York -- Toys "R" Us has appointed Antonio Urcelay, 61, the head of its European operations, as interim CEO, according to a filing the retailer made on Monday with the Securities and Exchange commission, The Record reported.

Urcelay replaces Gerald Storch, who announced in February that he would be stepping. At the time, Storch said he would remain as CEO during the transition. While his role as chief executive ended Sunday, he continues to serve as chairman of the board.

January 24, 2013

The founding family of the 99 Cents Only Stores chain has been fired by its owners, with retail veteran Richard Anicetti and Michael Fung taking over top executive roles.

City of Commerce, Calif. -- The founding family of the 99 Cents Only Stores chain has been fired by its owners, with retail veteran Richard Anicetti and Michael Fung taking over top executive roles.

The retailer said that Eric Schiffer (CEO), Jeff Gold (president) and Howard Gold (EVP) are “no longer employed by the company” and that Richard Anicetti has been named interim CEO. Schiffer is the son-in-law of founder David Gold while Jeff and Howard are his sons.

August 17, 2012

Body Central announced Friday that Thomas W. Stoltz has been promoted to COO and named interim CEO.

New York -- Body Central announced Friday that Thomas W. Stoltz has been promoted to COO and named interim CEO.

Stoltz has served as the company's executive VP and CFO since September 2011 and replaces B. Allen Weinstein, the company's former CEO who retired effective Aug. 16.

Stoltz will also continue to serve as Body Central's CFO.

The women’s apparel retailer has begun a search for a new CEO.

July 23, 2012

Sears Holdings Corp. said that former interim CEO Bruce Johnson will serve as president and CEO of Sears Hometown and Outlet Stores once the unit is spun off from the retailer.

Hoffman Estates, Ill. -- Sears Holdings Corp. said that former interim CEO Bruce Johnson will serve as president and CEO of Sears Hometown and Outlet Stores once the unit is spun off from the retailer.

Johnson served as interim CEO of Sears Holdings from 2008 to early 2011.
 
Last February, Sears Holdings announced it would spin off its Sears Hometown and Outlet businesses in an effort to raise an expected $400 million to $500 million.

June 21, 2012

The interim CEO of Best Buy told shareholders that the company is committed to changing its fundamentals in order to operate closer to its potential.

Richfield, Minn. -- The interim CEO of Best Buy told shareholders Thursday that the company is committed to changing its fundamentals in order to operate closer to its potential.

Mike Mikan is trying to right the electronics retailer’s ship as it attempts to recover from the sudden – and unseemly – departure of CEO Brian Dunn as well as the ensuing resignation from chairman and founder Richard Schultz over the last two months.

June 5, 2012

Eddie Bauer announced that Michael R. Egeck has been named its president and CEO, replacing interim CEO David Chamberlain who will remain a member of the board.

Seattle -- Eddie Bauer announced Tuesday that Michael R. Egeck has been named its president and CEO, replacing interim CEO David Chamberlain who will remain a member of the board.

Egeck was most recently CEO of Hurley International, a division of Nike. He has also served as president of True Religion.

April 19, 2012

In a video released by Best Buy and reported by Bloomberg, Best Buy Co. interim CEO Mike Mikan told employees on Thursday that his No. 1 priority in his new role is to execute the changes the company announced last month and plan a new direction for the retailer.

Minneapolis -- In a video released by Best Buy and reported by Bloomberg, Best Buy Co. interim CEO Mike Mikan told employees on Thursday that his No. 1 priority in his new role is to execute the changes the company announced last month and plan a new direction for the retailer.

“In the days and weeks ahead, I’ll be working with our leadership team on a long-term vision, a path toward the future that will connect Best Buy with customers across multiple channels while improving performance,” Mikan said.
 

February 23, 2012

Rent-to-own retailer Aaron’s said it has appointed interim CEO Ronald W. Allen as its permanent president and CEO.

Atlanta -- Rent-to-own retailer Aaron’s said Wednesday it has appointed interim CEO Ronald W. Allen as its permanent president and CEO.

Allen served as chairman and CEO of Delta Air Lines from 1987 to 1997, and has been a member of the Aaron's board since 1997.

November 8, 2011

Online jewelry retailer Blue Nile announced that CEO Diane Irvine has resigned from the company, effective Nov. 11.

Seattle -- Online jewelry retailer Blue Nile announced that CEO Diane Irvine has resigned from the company, effective Nov. 11.

Vijay Talwar, senior VP and general manager of international, has been appointed interim CEO. During the transition period, chairman Mark Vadon will take an active role in the leadership of the company, working closely with Talwar. Vadon will also lead the search for a permanent CEO.
 

September 16, 2011

Stein Mart announced the appointment of Jay Stein as interim CEO, effective immediately, following the retirement of David H. Stovall, Jr., who has held that position since 2008.

Jacksonville, Fla. -- Stein Mart announced the appointment of Jay Stein as interim CEO, effective immediately, following the retirement of David H. Stovall, Jr., who has held that position since 2008.

The company also announced the formation of a search committee of the board of directors led by Robert Mettler who serves as chair of the strategic planning committee of the board.
 

August 23, 2011

David Campisi, CEO and president of Sports Authority has suddenly resigned after just 17 months in the position, according to The Denver Post and other newspapers.

New York City -- David Campisi, CEO and president of Sports Authority has suddenly resigned after just 17 months in the position, according to The Denver Post and other newspapers. Campisi joined Sports Authority in 2004 and served in various executive roles prior to being named chief executive and president in 2010. No reason has been given for the departure.

May 24, 2011

After serving seven months in an interim capacity, Office Deport made a surprise decision and named long-time board member Neil Austrian as its new chairman and CEO.

Boca Raton, Fla. — After serving seven months in an interim capacity, Office Deport made a surprise decision and named long-time board member Neil Austrian as its new chairman and CEO. The announcement ends a lengthy search that began last fall when former chairman and CEO Steve Odland left the company on Nov. 1, amid deteriorating business results and Austrian was tapped to serve in an interim capacity. He had previously served in an interim role prior the company’s appointment of Odland.

November 18, 2010

Sears Holdings Corp. reported Thursday that its loss for the quarter ended Oct. 31 widened to $218 million, compared with a loss of $127 million in the year-ago period.

Hoffman Estates, Ill. -- Sears Holdings Corp. reported Thursday that its loss for the quarter ended Oct. 31 widened to $218 million, compared with a loss of $127 million in the year-ago period. The loss was more than analysts expected as margins fell and sales dropped, especially at the company's namesake stores.

"While Kmart improved profitability, our third-quarter results were disappointing, in large part due to lower sales of apparel and appliances at Sears," said interim CEO W. Bruce Johnson.

October 20, 2010

Christopher & Banks said Tuesday that its CEO Lorna Nagler has “resigned all positions with the company to pursue other interests” of Larry Barenbaum will serve as interim CEO while the company searches for a permanent top executive.

Minneapolis -- Christopher & Banks said Tuesday that its CEO Lorna Nagler has “resigned all positions with the company to pursue other interests” of Larry Barenbaum will serve as interim CEO while the company searches for a permanent top executive. He will continue in his role as chairman.

Christopher & Banks also said that effective immediately, chief merchandise officer Susan Connell is no longer with the retailer. Jules Rouse, who was general merchandise manager until 2008, will return to that position.

October 19, 2010

Christopher & Banks said Tuesday that its CEO Lorna Nagler has “resigned all positions with...