The CEO of clothing retailer Coldwater Creek, Dennis Pence, will retire at the end of the year, leaving chief merchandising officer Jill Brown Dean to take the helm.

Dean will take over the role on 1 January. Prior to joining the company in February 2011, she served as president of the Limited Too division of Tween Brands. She has previously held various positions at Limited Brands, which owns the Victoria's Secret lingerie chain, and women's wear retailer Lane Bryant.

Pence will remain a director and continue to serve as chairman until 1 January 2014.

Coldwater Creek also appointed Michele Donnan Martin as senior vice president and general merchandise manager. She will be responsible for leading all product merchandising functions for the company. 

Martin most recently served as brand president of retail and direct at teen apparel retailer Delia's. She has also held various merchandising positions at American Eagle, Abercrombie & Fitch, J Crew and department store retailer Macy's.  

The company also saw its third-quarter losses narrow to US$20.5m on the back of strong sales growth and lower costs.