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Wet Seal names Ken Seipel as President, COO
22
Mar '11
The Wet Seal Inc, a leading specialty retailer to young women, announced it has entered into an employment contract with Ken Seipel to serve as its new president and chief operating officer through March 28, 2014. Reporting directly to CEO Susan P. McGalla, Mr. Seipel will assume his position on March 28, 2011.

Mr. Seipel joins the Company after serving most recently as the president and chief merchandise/marketing officer of Pamida Discount Stores LLC, a regional general merchandise discount retailer with 200 stores and $800 million in annual revenue. Previously, Mr. Seipel served as executive vice president of stores, operations and store design for the Old Navy division of Gap, Inc. Mr. Seipel also held various merchandising and operations management roles earlier in his career with Target Corporation, Shopko Stores, Inc. and J. C. Penney Company, Inc.

"Ken's industry expertise and credentials, combined with his operational excellence, are an ideal fit for Wet Seal's next phase of growth in the teen and young contemporary market," said Ms. McGalla. "I am thrilled to welcome Ken to the team and look forward to partnering with him as we continue to build upon the strong foundation and success at Wet Seal today."

In this role, Mr. Seipel will oversee the Company's store operations, information technology, real estate, construction, and merchandise planning and allocation functions.

"I am very excited to join Wet Seal," added Mr. Seipel. "The Company has tremendous growth potential and financial strength, and I look forward to working with Susan and the rest of the Wet Seal team to drive even greater success."

Wet Seal Inc


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