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The Wet Seal commences search for CEO
28
Jul '10
The Wet Seal, Inc., a leading specialty retailer to young women, announced that Edmond S. Thomas, its President, Chief Executive Officer and Director, has informed the Board of Directors of his decision to step down from these positions on October 8, 2010, the scheduled expiration date of his employment agreement.

In the event that the Company has not identified a suitable successor by such date, Mr. Thomas has indicated his willingness to serve in a transitional role until such person is found. The Company will engage the services of an executive recruiting firm to assist in a search for Mr. Thomas's successor.

On behalf of the Company's Board of Directors, Harold D. Kahn, Chairman of the Board of Directors, commented: "Ed led The Wet Seal during a difficult economic period. He leaves us with a strong foundation and exceptional balance sheet. We look forward to working with Ed during the transition period following the end of his term. We also plan to seek Ed's counsel in our deliberations to find a fitting successor."

Mr. Thomas commented, "I am proud of the many accomplishments of The Wet Seal during my tenure, and am confident the leadership team in place has the skill and talent to drive the Company to future success. Going forward, I will concentrate my efforts on helping the Board identify my successor and ensuring a smooth transition."

The Wet Seal Inc


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