Goody’s CEO Resigns

Chuck Turlinski has resigned as CEO of Goody's Family Clothing

ATLANTA — Chuck Turlinski has resigned as CEO of Goody’s Family Clothing and left the Knoxville, Tenn.-based moderately-priced retailer in early February.

His departure, only a year after he joined Goody’s, follows an announcement on Jan. 30 that Goody’s would lay off five percent of its headquarters staff, or about 25 employees. The privately-owned retailer said it also would realign its field support staff to achieve improved operating efficiencies.

Only two weeks earlier, Goody’s said it had received a $65 million capital infusion from its owner, private equity firm Prentice Capital Management, which acquired the chain in 2006. Goody’s, which has 383 stores in 21 states, said the move provided adequate capital to execute its business strategies in the foreseeable future.

Mario Ciampi, who is with Prentice Capital, was named interim CEO as Goody’s begins its search for a permanent CEO. Mary Kwan, who joined Goody’s in October 2006 as president, remains with the company.

Turlinski joined Goody’s on Feb. 14, 2007 after leaving The Limited, where he had been CEO.