In what could be the final chapter in a nearly 30-year saga, Kathy Bronstein has resigned from the board of The Wet Seal Inc.
Bronstein was ousted as vice chairman and chief executive officer of the Foothill Ranch, Calif.-based specialty chain in February 2003 after an 11-year run. She sued the company for wrongful termination, gender discrimination, emotional distress and other charges and ultimately settled the case, receiving $2.2 million and stock options then valued at about $4.2 million.
After leaving Wet Seal, she formed KB Bronstein Consulting and continued to operate the firm upon joining Wet Seal’s board in September 2012.
Bronstein, whose stewardship of Wet Seal included the 1995 acquisition of Contempo Casuals, served as executive vice president and chief merchandising officer for seven years before her promotion to ceo.
“Kathy has been a valued member of the board of directors and we appreciate the contributions she made to the company, both as a board member and during her earlier tenure as ceo,” said Lynda Davey, non-executive chairman of Wet Seal.