David’s Bridal CEO steps down; replaced by former Gap head
Photo: Paul Pressler
The CEO of David's Bridal is out after three years on the job.
The specialty retailer said Pam Wallack has left the company, but gave no reason for her departure, the Associated Press reported. Wallack will be replaced by David’s Bridal chairman and former Gap Inc. head Paul Pressler, who once worked with her at Gap.
Pressler is a partner at Clayton, Dubilier & Rice, which acquired David's Bridal from Leonard Green & Partners in 2012. He served as president and CEO of Gap Inc. from 2002 to 2007. Prior to that, he spent 15 years with The Walt Disney Company, including serving as chairman of the company’s global theme park and resorts division. He also served as president of The Disney Stores.
Wallack joined David's Bridal in 2013 from Gap, where she held senior positions since 2005. In 2011, she was tapped to establish and lead the Gap Global Creative Center, responsible for global design, marketing and production and accountable for $6 billion in annual sales. Prior to Gap, Wallack spent seven years at Toys "R" Us. She also spent time at other retail brands including Coach, The Disney Store and Laura Ashley.
Pressler brings an "extensive background in retail and a deep understanding of the brand, our customers and what it will take to continue to make David's Bridal the ultimate destination for brides," the company said in a statement.
David’s Bridal operates more than 300 stores in 45 states.
No comments found