By  on March 2, 2005

FOOTHILL RANCH, Calif. — Joel Waller, the new chief executive officer of teen retailer Wet Seal, seemed embarrassed about the ceremonial trappings of his office at company headquarters here, as he stepped into the adjacent boardroom to retrieve bottles of Arrowhead water from a refrigerator.

“I’m not nearly this formal,” the former Wilsons leather ceo said days after taking the helm in February.

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