NEW YORK (AP) — David’s Bridal says its CEO Pam Wallack has left the company and chairman Paul Pressler will replace her.
The company declined to comment on the reasons for Wallack’s departure after three years on the job.
Pressler is a partner at the private equity firm Clayton, Dubilier & Rice that acquired David’s Bridal from another private equity firm in 2012, and has also served as president of Walt Disney’s retail division and CEO of Gap Inc.
He brings an “extensive background in retail and a deep understanding of the brand, our customers and what it will take to continue to make David’s Bridal the ultimate destination for brides,” the company said in a statement.
Most Read Business Stories
- Thousands line up in Seattle for jobs at Amazon, which has thousands on offer WATCH
- Amazon-owned Whole Foods cuts healthcare benefits for part-time employees
- Restaurant company RUI bankruptcy auction canceled for lack of competitive bids
- FAA chief will assess 737 MAX status in trip to Seattle this week
- After three decades, Seattle's last black-owned funeral home struggles with displacement VIEW
The Conshohocken, Pennsylvania-based chain operates more than 300 stores in 45 states.