DSW Inc announced effective May 29, 2008, the resignation of its president, Peter Horvath, who is leaving the company to pursue another opportunity.
"All of us at DSW appreciate the important contributions Peter has made to the DSW brand," said Jay Schottenstein, chairman and CEO of DSW Inc. "We wish him success in his future professional pursuits."
Separately, the Board of Directors and Mr. Schottenstein have initiated a national search for a CEO. Once the search is completed, Mr. Schottenstein will retain the role of chairman.
DSW Inc is a leading branded footwear specialty retailer that offers a wide selection of brand name and designer dress, casual and athletic footwear for women and men.