HOUSTON — Stage Stores announced Michael Glazer has been appointed to the position of president and CEO on an interim basis. Glazer replaces the company’s former president and CEO, Andy Hall, who the company announced has resigned from both the company and its board of directors to pursue other interests.
Hall joined the company as president and COO in February 2006 and served as CEO since November 2008. Commenting on Hall’s departure, William Montgoris, chairman of the board, stated “We thank Andy for his service and his contributions to the company over the last six years and we wish him well in his new endeavors.”
Glazer has been a director of the company since August 2001. During that period he has served as chairman of the compensation committee and as chairman of the corporate governance and nominating committee. He will remain a director, but will no longer serve on board committees as he is not deemed to be independent by virtue of his employment with the company.
Glazer currently serves as president and CEO of Mattress Giant located in Addison, Texas. He previously served as managing director of Team Neu, a private equity firm located in Pittsfield, Mass. From May 1996 to August 2005, he served as president and CEO of KB Toys Inc. Glazer has a total of 37 years of retailing experience which also included serving in the role of president for Big Lots Inc. and the Bombay Company earlier in his career.
The board has begun a search for a permanent president and CEO and the candidates will include Glazer.