NEW YORK — Hugh Mullins, chief executive officer of Harold’s, the Dallas-based better-priced specialty chain, has resigned, according to a filing last week with the Securities and Exchange Commission.
Leonard Snyder was appointed acting ceo, until a new chief is found. Snyder has been an independent director of the company since 2000 and has been a marketing and management consultant since January 1995. He served as chairman and ceo of One Price Clothing Stores Inc. from 2001 until 2003. From 1998 to 2001, he was non-executive chairman of the chain and earlier, chairman and ceo of Lamonts, an apparel chain. The filing indicated that Snyder will receive $40,000 a month as acting ceo.
Mullins has job-hopped recently, previously serving short stints as ceo of St. John, and ceo of the Neiman Marcus Stores division of Neiman Marcus Group, where he worked in various merchandise positions through most of the Nineties. When he joined Harold’s in February 2004 as ceo, he was given an annual base salary of $600,000 plus stock options.
The company operates about 40 regular-priced stores and does around $100 million in annual sales.
Officials could not be reached for comment.