After sex scandal charges with an employee and claims he misappropriated company funds to pay for travel for his relatives, Dov Charney, the embattled founder and former CEO of the sexually edgy retailer, American Apparel Inc (NYSEMKT:APP), has been officially replaced.
American Apparel new CEO
American Apparel named retail-industry veteran Paula Schneider as CEO and in doing so formally terminated Charney, replacing him at the company he created.
Schneider moved quickly to put a bright smile on the situation, accentuating the positive. “My goal is to make American Apparel a better company, while staying true to its core values of quality and creativity and preserving its sweatshop-free, Made in USA manufacturing philosophy,” Schneider said in the...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
