NEW YORK — The Warnaco Group Inc. turned a page Tuesday when it named Joe Gromek as its new chief executive officer, but market observers said the story of its turnaround effort is by no means over.
Sources said Gromek, who last served as chairman and ceo of Brooks Bros., will face two key challenges in his new post. One is to stem the company’s sales erosion and get Warnaco back on a growth track. The other is ensuring that the three executives brought in by former ceo and turnaround specialist Antonio Alvarez don’t bolt.
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