Contemporary women's clothing chain

Bebe Stores


said on Tuesday that its president and chief operating officer, John T. Parros, resigned, effective immediately.

In a press release, the company said, "John has enjoyed his tenure at bebe and has decided to pursue other opportunities. We wish John good luck in all future endeavors."

No replacement for Parros was named.

Shares of Bebe fell as low as $17.25 in after-hours trading Tuesday on the news after closing at $19.33.