OPERATIONS

Hot Topic divisional chief resigns

BY CSA STAFF

City of Industry, Calif. — Hot Topic said Monday that Chris Daniel, president of the company’s plus-size Torrid division, has resigned effective April 29.

The company has named Betsy McLaughlin as interim head of Torrid upon Daniel’s departure, and said it will conduct an outside search for a permanent replacement.

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OPERATIONS

New York & Co. names CEO

BY CSA STAFF

New York City — New York & Co. said Tuesday it has promoted current president Gregory Scott to the role of CEO, effective Feb. 12.

Richard P. Crystal, current chairman and CEO, had previously announced his impending retirement, effective Feb. 11.

Grace Nichols, who has served as a director since March 2008, will assume the role of non-executive chair of the board effective Feb. 12. Scott will remain a director on the company’s board.

Scott previously served as CEO of Bebe Stores; prior to Bebe, he was president of Arden B., a division of Wet Seal.

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