LOUIS PRAINO OUT AT PEGASUS, AS SOKOL RESTRUCTURING BEGINS
NEW YORK — In one of her first moves as president and chief operating officer of Pegasus Apparel Group, Susan Sokol made a quick restructuring this week, dismissing the company’s executive vice president of worldwide sourcing, Louis Praino, as well as a handful of production employees, WWD has learned.
Praino was one of the first corporate-level executives hired at Pegasus when the company was formed last March. He previously held similar responsibilities at Anne Klein, worked with Pegasus chief executive officer Stephen L. Ruzow and was at Donna Karan as its sourcing chief.
A spokesman for Pegasus would not comment on the development on Thursday. Praino could not be reached.
Sokol was promoted from president of the company’s Pamela Dennis business to president and chief operating officer of Pegasus in February, with responsibilities for the day-to-day operations of Pegasus, as well as targeting potential acquisitions.
The other employees affected by the change, numbering fewer than five, were said to be involved in Daryl K’s production, including a pattern maker and a sewer.