This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Body Central Promotes Tom Stoltz To Chief Operating Officer, Names Him Interim Chief Executive Officer

Announces the Departure of Allen Weinstein

Appoints Robert Glass to the Board of Directors

JACKSONVILLE, Fla., Aug. 17, 2012 (GLOBE NEWSWIRE) -- BODY CENTRAL CORP. (Nasdaq:BODY) today announced that Thomas W. Stoltz has been promoted to Chief Operating Officer and named interim Chief Executive Officer. Mr. Stoltz has served as the Company's Executive Vice President, Chief Financial Officer and Treasurer since September 2011 and replaces B. Allen Weinstein, the Company's former Chief Executive Officer.  Mr. Weinstein has advised the Company's Board of Directors that he is retiring and, therefore, effective August 16, 2012, has resigned as Chief Executive Officer and from the Board of Directors.

As interim CEO, Mr. Stoltz will manage the Company's daily operations with assistance from Body Central's existing senior leadership team. Mr. Stoltz will also continue to serve as Body Central's Chief Financial Officer.

John K. Haley, Chairman of the Board of Directors, stated, "The Board has initiated a search for a CEO who will bring a strategic approach to achieving the long-term vision for the business. The Company remains focused on growth that will be driven by comparable store sales, opening new stores and expanding our direct business."

"During the interim, we are confident in Tom's ability to manage the Company given his extensive experience in high growth specialty retail and e-commerce channels," Mr. Haley added.

Mr. Stoltz commented "Over the last year, we have expanded our management team with talented executives in the areas of store operations, real estate, information technology, merchandising, human resources and finance. In addition, we are recruiting for a general merchandise manager to support our merchandise planning, allocation and marketing functions. Our team is very capable of improving and growing the current business."

The Company announced that Robert Glass has been appointed to the Board of Directors.  Mr. Glass, with 38 years of retail leadership experience, served as president-COO and CFO at Loehmann's for 16 years, from 1994 until his retirement in 2010. During Mr. Glass's tenure at Loehmann's, he led the company through an IPO, two private transactions and an organizational and financial restructuring. Mr. Glass's professional experience, prior to Loehmann's, included CEO of Valley Advisors, a privately held furniture retailer, COO of Thrifty Drug, a $2 billion retail drug store chain, and COO and CFO of Gold Circle Stores, a Division of Federated Department Stores.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

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