US: Nagler quits as Christopher & Banks CEO
Lorna Nagler has resigned as CEO of women’s apparel retailer Christopher & Banks, with chairman Larry Barenbaum taking over on an interim basis.
The US company said Nagler had left the company with immediate effect “to pursue other interests”, while Barenbaum would continue as chairman alongside his new duties, with the company conducting a search for a new CEO.
Barenbaum has been on the Christopher & Banks board since 1992, has been chairman since 2005 and has over 25 years’ experience in the retail industry.
He said: “The board appreciates Lorna Nagler’s hard work to improve the company’s operations and infrastructure, reduce costs and build our brands during her tenure with the company.
“With her efforts, we have made progress reducing our cost structure and we became, for the first time, a company with true e-commerce capabilities.”
The company board has also elected Anne Jones, who has been on the board since 2000, as lead director.
Meanwhile, chief merchandise officer Susan Connell has also left the business, with Jules Rouse taking over as general merchandise manager.
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