George Zimmer, Men’s Wearhouse founder, chairman and chief executive officer, will hand the ceo reins over to president and chief operating officer Douglas Ewert immediately following the company’s June 15 annual meeting.
Ewert was also nominated to serve on the firm’s board. The ascent of the 47-year-old executive was mapped out in broad strokes in January. He is a 16-year veteran of the company and will keep the title of president, but the position of chief operating officer will be eliminated.
Zimmer, 62, will become executive chairman, helping Ewert develop strategy for the 1,192-door chain founded in 1973. He will also continue to participate in the firm’s marketing.
“Doug will continue to foster our company’s unique culture of customer services,” Zimmer said. “Together over the years we have nourished that culture and our employees have embraced it.”
For complete coverage, see Tuesday’s WWD.