This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Christopher & Banks Corporation Announces Resignation Of Larry Barenbaum As Chief Executive Officer

Christopher & Banks Corporation (NYSE: CBK), a specialty women’s apparel retailer, today reported that Larry Barenbaum has resigned all of his positions with the Company effective today.

In connection with Mr. Barenbaum’s resignation as Chief Executive Officer, the Company’s Board of Directors announced that Joel Waller, President, has been named Chief Executive Officer. In addition, the Company’s Board formed a committee to commence a search for a permanent CEO.

Paul Snyder, Chair of the Board, said, “We thank Larry for his service as Chief Executive Officer during these challenging times and for his many years on the Board and wish him well in his future endeavors. I look forward to working with Joel as Chief Executive Officer and, on behalf of the Board, am confident that Joel will provide a smooth transition as we search for a permanent Chief Executive Officer.”

In addition, the Company also announced that, effective immediately, Jules Rouse, Senior Vice President, General Merchandise Manager, is no longer with the Company. The position of GMM has been replaced with a Divisional General Merchandise Manager position for each of the Christopher & Banks and CJ Banks divisions. Tricia Perket and Ann McDermott have held these roles since late November and have spent considerable time working with Mr. Waller on establishing the merchandise strategy. These individuals bring strong retail expertise and product development disciplines that will benefit the organization.

Mr. Waller commented, “My immediate priority is to bring stability to the organization while finalizing our merchandise and marketing strategies. Our focus is on the execution of these strategies to deliver improved operating results.”

About Christopher & Banks

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women’s clothing. As of February 17, 2012, the Company operates 686 stores in 45 states consisting of 402 Christopher & Banks stores, 199 stores in their plus size clothing division CJ Banks, 62 dual stores and 23 outlet stores. The Company also operates the www.ChristopherandBanks.com and www.CJBanks.com e-commerce websites.

Keywords: Christopher & Banks, CJ Banks, Women’s Clothing, Plus Size Clothing, Petites, Extended Sizes, Outfits.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs