Saturday, October 10, 2015
Current Weather
Loading Current Weather....
Published: Tuesday, 7/24/2012

Wet Seal clothing chain fires chief executive


NEW YORK -- As sales declines deepen, teen clothing seller Wet Seal Inc. has fired Chief Executive Officer Susan McGalla without a replacement for her.

Ms. McGalla had been Wet Seal's CEO since January, 2011, and had signed an employment contract with the company through August, 2014. Her departure is effective immediately. The company's chairman, president, and chief financial officer are overseeing Wet Seal until a new CEO is found.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.