NEW YORK (
) -- It has been a game of executive musical chairs in the retail industry since the beginning of the new year.
So far in 2011, there have been more than two dozen changes in the executive ranks at publicly held retailers.
The moves come, not coincidentally, on the heels of the recession, as retailers have stood on the sidelines amid the downturn, not wanting to make changes at the top. Instead they rode out the recession with familiar faces in the corner office, says Howard Gross, managing director at Boyden, an executive search firm.
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But now, the return of the consumer and overall improvement in the market, there is an opportunity for those companies that get it right, says Leslie Berglass, chairman of the executive search firm bearing his name. This has created a pent-up demand for talent.
The key for these firms is finding the right leaders for a changing retail business model. Those at the top now have to run an integrated business that is both global and digital, Berglass says.
Meanwhile, with most chief executives of retailers over the age of 55, the sector must find a way to incorporate a contemporary mindset -- which makes finding the right C-level executives under the CEO especially important right now.
Here then is our running -- and constantly updated -- look at recent executive shake-ups at the top retailers...