Charlotte Russe Holdings Inc. said Thursday that chairman Bernard Zeichner will retire in June and be succeeded by Jennifer Salopek, a principal with ARC Business Advisors LLC, a New York-based strategic advisory firm serving the apparel, retail and consumer sectors.
This story first appeared in the April 18, 2008 issue of WWD. Subscribe Today.
Salopek joined the Charlotte Russe board in February 2006 and serves on the audit committee and as chairman of the nominating and corporate governance committee.
She previously worked as executive vice president of strategy at Tommy Hilfiger and was a senior vice president at Calvin Klein. She also was a partner at PricewaterhouseCoopers Consulting and its successor, IBM Business Consulting Services.
Charlotte Russe is a mall-based specialty retailer selling value-priced apparel and accessories and targeting women in their teens and 20s. At the end of last year, the chain operated 440 stores in 45 states and Puerto Rico. The company expects to open about 60 stores in fiscal 2008.
Zeichner started at Charlotte Russe as president and chief executive officer in May 1996, when the company had 37 stores, and was named chairman when the firm went public in 1999.