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.
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