NEW YORK — Perry Ellis International’s chief financial officer, Timothy B. Page, has resigned and will leave the company at the end of the month.
Page has accepted a cfo position at a liquid gas transportation company based in Tampa, Fla., a field in which he had worked before moving to the apparel industry.
George Pita, senior vice president of finance and controller of PEI, was named interim cfo on Thursday.
“Good cfo’s are in short supply,” said George Feldenkreis, chief executive officer of PEI, noting that Page was a key executive in guiding the company through its substantial growth in recent years, including the acquisition of Salant Corp.
He was confident that Pita will be able to step into Page’s role in the short-term, having a familiarity with the Perry Ellis brand.
“We will initiate a search for a chief financial officer and will certainly consider George for this position on a permanent basis,” Feldenkreis said in a statement.
The Miami-based PEI reported a loss of $2.6 million in the second quarter ended July 31. In the comparable quarter a year ago the firm also had a $2.6 million loss. Revenues jumped 36.2 percent to $126.4 million.
Page was previously executive vice president, chief operating officer and cfo of Achieve Networks Inc., and a co-founder of Aertec Inc. He also worked in finance and operations at apparel firms Farah Inc. and Haggar Corp.
Pita joined PEI in 2002 and was named to his current role in April, where he is responsible for corporate accounting and budgeting functions. His background also includes being cfo at retailer Sunglass Hut.
— Eric Wilson
This story first appeared in the November 5, 2004 issue of WWD. Subscribe Today.