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Dinesh Lathi new president & CEO of Tailored Brands

07
Apr '19
Pic: Tailored Brands
Pic: Tailored Brands
Tailored Brands, Inc. has announced that Dinesh Lathi has been appointed president and chief executive officer and Theo Killion has been appointed chairman of the board of directors, both effective immediately. Lathi has been the company executive chairman since August 2018 and Killion has served as lead independent director since August 2018.

“Following a robust and thorough search process, the board is pleased to appoint Dinesh as President and CEO of Tailored Brands,” said Killion. “Dinesh has demonstrated a deep commitment to building and leading a customer-obsessed company that empowers our talented employees with technology, data, and the creative resources needed to exceed customer expectations and position Tailored Brands for long-term sustainable growth.”

“After spending extensive time with our employees in the communities we serve across all of our operations, and getting a better understanding of how we can rapidly evolve our business to meet our customers’ needs and wants, I am excited to assume the role of president and CEO,” said Lathi. “Our goal is to be the trusted partner to our customers who want to look and feel their best for moments that matter. To deliver on this promise, we are aligned around three core growth strategies: personalized products and services, seamless and inspiring experiences in and across every channel, and brands that stand for more than just price. I look forward to sharing an update on our progress during our first quarter results conference call in June.”

“We are pleased to appoint Theo as Chairman,” said Tailored Brands’ nominating and corporate governance committee chairperson Irene Chang Britt. “During his tenure as CEO of Zale Corporation, Theo led a turnaround effort, which included growing shareholder value by $850 million and delivering 14 quarters of positive comparable store sales. Theo’s extensive merchandising and retail experience provides a strong complement to Dinesh’s deep e-commerce and digital background, and this combination will prove invaluable as we set Tailored Brands on a course for growth.”

“I am honoured to be appointed to the role of Chairman. I have tremendous confidence in our board, our executive leadership team and our ability to deliver value to our shareholders,” said Killion. (RR)

Fibre2Fashion News Desk – India


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