Sandpoint, Idaho, Coldwater Creek on Thursday said its co-founder Dennis Pence will retire as chief executive, effective Oct. 30.
Pence will retain his role as chairman. He will be replaced by Daniel Griesemer, currently president and COO. Griesemer will also take a seat on the board.
Griesemer joined Coldwater Creek in 2001 and was named president and COO in March.