Market Commentary and Intraday News
Body Central names Stoltz COO, interim CEO
279 days ago
(AP:JACKSONVILLE, Fla.) Women's clothing retailer Body Central Corp. said Friday that it promoted Chief Financial Officer and Treasurer Thomas Stoltz to chief operating officer and named him interim CEO.
Stoltz also will continue to serve as CFO. He replaces Allen Weinstein, who stepped down as CEO of Body Central. Weinstein previously informed the board that he was retiring, and he resigned as of Thursday.
Stoltz, who has been executive vice president, CFO and treasurer since September, will manage daily operations with assistance from senior executives, the company said.
Body Central has begun a search for a new CEO.
The company also announced the appointment of Robert Glass to its board. Glass, who was president and chief operating officer of clothing retailer Loehmann's from 1994 until he retired in 2010, has 38 years of experience in retailing, Body Central said.
Body Central, based in Jacksonville, Fla., focuses its merchandise on women in their late teens and 20s. It operates 258 stores in 24 states under the Body Central and Body Shop names, along with catalog sales and an e-commerce website.
Shares of Body Central fell 11 cents to end at $8.82. The stock has traded between $7.71 and $30.93 in the past 52 weeks.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.