Home / Knowledge / News / Apparel/Garments / Ms. McGalla named Wet Seal's CEO
Ms. McGalla named Wet Seal's CEO
12
Jan '11
The Wet Seal Inc, a leading specialty retailer to young women, announced it has entered into an employment contract with Susan P. McGalla to serve as its new chief executive officer through August 8, 2014. Ms. McGalla will assume her position as chief executive officer on January 18, 2011. Mr. Ed Thomas will remain as interim chief executive officer until January 18, 2011, and thereafter will remain employed by the Company until February 8, 2011, to assist with transition.

Until the relocation of her family residence to Southern California, which will occur by August 8, 2011, Ms. McGalla will be based in Pittsburgh, Pennsylvania.

Ms. McGalla will be appointed as a member of the Company's board of directors upon the commencement of her employment as chief executive officer.

Ms. McGalla joins the Company after her 14-year tenure with American Eagle Outfitters, Inc. She most recently served as its president and chief merchandising officer, leading a portfolio of four brands reaching customers ranging across the children's, teen and young contemporary demographic spaces. Ms. McGalla served in key roles throughout American Eagle Outfitters' high-growth era, a period during which that company grew to nearly 1,100 stores and $3.0 billion in annual revenue.

Ms. McGalla stated, "I am very excited to assume the CEO helm at Wet Seal. The Company has tremendous growth potential, and the financial strength to execute its growth and other business strategies. I look forward to partnering with management and the board of directors to build upon the success of this well recognized juniors and young contemporary retail franchise."

A committee of the Company's board of directors oversaw the search for a new CEO. The committee was comprised of Hal Kahn, the Company's chairman and a former chairman and chief executive officer of Macy's East, a division of Macy's, and Henry Winterstern, chairman of the compensation committee of the Company's board of directors.

Mr. Kahn commented, "The committee conducted an extensive search over the past several months to ensure we identified a CEO for our company who can opportunistically navigate these challenging times and position Wet Seal for future success, and we believe Susan is such a leader. Susan brings proven specialty retail merchandising and corporate leadership talent to our company, having led all creative functions, in addition to new brand development, at American Eagle Outfitters during a sustained period of growth in sales productivity, store base and market capitalization. Susan complements an already strong executive team at Wet Seal that will drive further growth and improvement of our two operating divisions."

Mr. Kahn concluded, "I would again like to thank Ed Thomas for his years of service with Wet Seal and his efforts ensuring the smooth transition of the CEO role."

The Wet Seal Inc

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search