By  on August 29, 2018

Tailored Brands caused a few jaws to drop Tuesday afternoon when it said that Doug Ewert, its longtime chief executive officer, will be retiring from his position and his post on the board on Sept. 30. At the same time, Bruce Thorn resigned from his position as president and chief operating officer, effective Aug. 31. The company said Thorn is leaving to pursue another opportunity and his new role is expected to be revealed shortly.

Tailored Brands said that “to ensure an orderly transition,” Ewert will serve as a strategic adviser to the company until the end of the calendar year. The board is currently initiating “a comprehensive search process” to identify a new ceo.

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