Hot Topic Inc announced that Betsy McLaughlin has resigned as its Chief Executive Officer and a member of the company's board of directors, effective as of March 21, 2011, and that Lisa Harper, currently a member of the company's board of directors, has been appointed as Chief Executive Officer, also effective as of March 21, 2011. Ms. McLaughlin will continue to assist in transition matters for the next three months.
Bruce Quinnell, Chairman of the Board, said, "We thank Betsy for her many years of dedicated service to Hot Topic. We also welcome Lisa to the management team, and look forward to her guidance and leadership."
Hot Topic, Inc. is a mall and web based specialty retailer operating the Hot Topic and Torrid concepts, as well as the e-space music concept, ShockHound. Hot Topic offers music/pop culture-licensed and music/pop culture-influenced apparel, accessories, music and gift items for young men and women principally between the ages of 12 and 22.