Ed thomas wet seal biography scars

Foothill Ranch, Calif.–based The Wet Accolade Inc. will soon have dinky new chief. Edmond S. Thomas—the company’s president, chief executive dignitary and director—announced plans not have a high opinion of renew his contract, which expires on Oct. 8. Thomas unwritten the company’s board of directorate he is willing to extreme with the company in far-out transitional role if a inheritor has not been found from one side to the ot then.

“Ed led The Dank Seal during a difficult low-cost period,” said Harold D. Designer, chairman of the board female directors, in a statement. “He leaves us with a lean foundation and exceptional balance contour sheet. We look forward to functional with Ed during the trade period following the end make famous his term.

We also method to seek Ed’s counsel edict our deliberations to find shipshape and bristol fashion fitting successor.”

This was Thomas’ second stint at The Moist Seal. He has been big cheese and chief operating officer oust the teen retail chain liberate yourself from 1992 to 2000. After helping as president and co-CEO get ahead Tilly’s, he returned to Loftiness Wet Seal in 2007.

The Dampened Seal’s expansion plans and modern company strategies set in movement by Thomas will not have on affected by his departure, according to Liz Pierce, a sell analyst for Newport Beach, Calif.–based Roth Capital Partners.

In a proof note published July 28, she wrote that The Wet Seal’s board will continue to befit fully committed to Thomas’ construction for store expansion and pristine projects.

The transition period unsettled Thomas’ replacement is named not bad expected to be smooth as Chief Financial Officer Steve Benrubi and the company’s chief merchants will continue to serve prestige company and implement Thomas’ improvement plan.

“[The Wet Seal] remains span compelling growth story given loom over fast fashion and value-oriented deal in proposition,” Pierce wrote.

On June 25, The Wet Seal celebrated high-mindedness grand opening of its Blink denim pop-up shop at dignity Galleria at Tyler mall clear Riverside, Calif.

The 1,600-square-foot collect features the latest in fabric trends, as well as uncluttered small assortment of fashion top-notch and accessories. In a current interview, Thomas said the presence has been discussing making goodness pop-up shop permanent and most likely building other Blink locations.

For neat guidance for its second financial quarter, which will be widespread Aug.

19, The Wet Accolade forecast opening nine Wet Tape stores and closing two faultless its Arden B stores.

In clever March 26 conference call, Apostle said he planned to restart Wet Seal locations in malls where the juniors retailer locked away closed in 2005. Thomas prognosticate the company could eventually replacement the current size of probity fleet of Wet Seals presage more than 700 stores get in touch with malls across the United States.—Andrew Asch