Women's wear retailer Coldwater Creek has announced the resignation of Tim Martin, its senior vice president and chief financial officer, effective 25 November.

Martin, who joined the company in 2006, has accepted a position as chief financial officer at another company, Coldwater said.

The company has appointed John E Hayes, III, senior vice president and general counsel of Coldwater Creek, to serve as interim CFO, effective 25 November, until a permanent successor is named.

The company said it has initiated a search for a new CFO.

Hayes joined Coldwater Creek in February 2009, after serving as the company's outside corporate and securities law counsel since 1999.

Dennis Pence, chairman and chief executive officer, said: "We are pleased to have John step in as interim chief financial officer. His knowledge of Coldwater Creek and our employees and culture, as well as his strong business acumen, will allow for a successful transition of this important role.

"We also want to thank Tim for his services to Coldwater Creek. He assisted the company in navigating through an extremely challenging environment with integrity and dedication and made many significant contributions to Coldwater Creek. We wish Tim the best in his new endeavour."