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 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Marcel Alberts
Eurofibers

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search