Blue Holdings appoints Glenn S. Palmer as President & CEO

25 Jul '07

3 min read

Blue Holdings Inc, a designer, manufacturer and distributor of high-end fashion jeans and denim apparel, announced the appointment of Glenn S. Palmer as Chief Executive Officer and President, effective immediately.

Mr. Palmer brings 30 years of corporate finance, operations and apparel industry experience to Blue Holdings, having served in a broad range of senior management roles at Cerberus Capital Management, Amerex Group, Inc., Best Manufacturing Group, LLC, Liz Claiborne, Bonaventure Textiles USA and Ellen Tracy.

Current Chief Executive Officer and President Paul Guez will continue to serve as Chairman of Blue Holdings' Board of Directors. Mr. Guez will continue to be very active in the strategic direction of the Company, as well as focusing on further developing the global licensing business.

“The Board of Directors and I have been planning a succession strategy for several months,” said Mr. Guez. “While I will continue to be actively engaged in Blue Holdings' brand strategy and business direction, I am extremely pleased to hand off the duties of Chief Executive Officer and President to Glenn Palmer, who is a seasoned apparel industry executive.

I am confident that Glenn is the right choice for leading the next stage of development for Blue Holdings and look forward to working closely with him on our strategic initiatives, including increasing our market presence and growing into a dominant apparel company.”

Commenting on his new appointment, Mr. Palmer stated, “I'm excited to join such a dynamic and impressive company and thankful for the opportunity to lead Blue Holdings and its brands through its next phase of growth. The Company has tremendous opportunities, both domestically and internationally, and I look forward to making Blue Holdings a market leader in denim and increasing shareholder value.”

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