NEW YORK — Tom Wyatt resigned Monday as president of the Intimate Apparel Division of The Warnaco Group Inc.
Wyatt rejoined Warnaco in May 2002 after four years as president of the Parisian department store chain, based in Birmingham, Ala. Before that, he did a nine-month stint at Warnaco, following a 23-year run at VF Corp., where he rose to president of the Vanity Fair Intimates division.
Wyatt didn’t return several phone calls Monday seeking comment. However Joseph R. Gromek, Warnaco’s president and chief executive officer, told WWD: “Tom has been commuting from Birmingham, Ala., for the past two years. He made the decision and didn’t want to relocate his family up here.”
Prior to Gromek’s appointment in April 2003, Wyatt had been considered a candidate for the ceo post of Warnaco, the $1.37 billion diversified apparel firm.
Asked how the company’s intimate apparel businesses was faring, Gromek said, “New business ventures such as Lejaby Rose and JLo Lingerie by Jennifer Lopez are moving nicely. But we are somewhat disappointed with the progress of our U.S. business. International business has been strong, and the Lejaby brand has been going in a nice direction.” In addition to Lejaby, Lejaby Rose and JLo Lingerie, Wyatt was responsible for such brands as Olga, Warner’s and Body Nancy Ganz.
Gromek said Wyatt’s successor has not yet been named.
At the company’s annual meeting last week, Gromek noted the company’s business units represent two main groups: those ready for revenue growth and those where profitability needs improvement. He said both the innerwear business and Calvin Klein Jeans needed to improve their profitability. In its most recent quarter, ended April 3, Warnaco reported that revenues in the intimate apparel group declined 3.8 percent to $141.2 million from $146.8 million, hurt in part by continued weakness in the Warner and Olga lines.
— Karyn Monget