Mall-based women's retailer Charlotte Russe Holding has announced that its chairman Bernard Zeichner plans to retire from its board effective 1 June, to be replaced by Jennifer Salopek as its new chairman.

Zeichner joined Charlotte Russe as president and CEO in May 1996, when the company was a 37 store regional chain.

He was appointed chairman of the board when the company went public in October 1999.

Mark Hoffman, chief executive officer of Charlotte Russe, said: "On behalf of the board of directors and all of our employees, we are extremely appreciative of the significant long term contributions Bernie has made to Charlotte Russe. We wish Bernie well in all future endeavors and express our sincere gratitude for his leadership and strategic involvement over the past 12 years.

"At the same time, I want to congratulate Jennifer Salopek on her appointment to chairman of the board. We value her retail and strategic consulting experience as we move forward in refining and implementing our long term objectives."

Salopek has previously served as executive vice president of strategy with Tommy Hilfiger Corporation.