OPERATIONS

Guess Inc. announces board resignation and replacement

BY CSA STAFF

Los Angeles Guess Inc. said Monday that Alice T. Kane has resigned as a non-employee director of the company, effective immediately.

Kane tendered her resignation because of a potential differing interest between the company and her current employer that is said by Guess Inc. to be unrelated to her service as a board member or her current employment.

Guess Inc. said that its board has appointed Gianluca Bolla as a director, keeping the current number of directors at eight and the total number of non-employee directors at five.

Bolla, who currently is a shareholder and director of Italian private-equity firm Accord Management, has held a number of executive positions with various subsidiaries of Barilla Holding S.p.A., a privately held Italian food company.

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OPERATIONS

New York & Co. CEO to retire in February

BY CSA STAFF

New York City New York & Co. said Thursday that its longtime CEO and chairman will retire next year and be replaced by a former top executive at Bebe Stores.

Richard P. Crystal, 65, will retire Feb. 11. He became CEO at the retailer in 1996 and was named chairman eight years later when the company went public.

Crystal will be succeeded by Gregory Scott, the 47-year-old former CEO of Bebe Stores, who resigned from the company last January. Scott will become a president at New York & Co. on June 1 when he begins working for the New York retailer and will also join its board of directors. He will become CEO after Scott officially retires.

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OPERATIONS

Report: Sears marketing chief resigns

BY CSA STAFF

New York City Sears Holding Corp.’s senior VP marketing, Richard Gerstein, resigned this week, the Chicago Tribune reported. His last day will be May 7.

Gerstein is the second top marketing officer to leave Sears since Edward Lampert took control of the company some five years ago.

Scott Freidheim, executive VP of Sears’ operating and support businesses units, will lead the marketing unit until a permanent replacement is named, the report said.

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