American Apparel CFO Resigns

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American Apparel Inc. said late Thursday that its Chief Financial Officer, Ken Cieply, has left the clothing retailer to pursue other opportunities.


Cieply came aboard the Los Angeles company in 2006 and will be replaced on a temporary basis by William Gochnauer.


Gochnauer previously served as interim CFO at online retailer Red Envelope Inc. and also as a financial consultant at children’s educational products maker Excelligence Learning Corp.


American Apparel’s founder, Dov Charney, said in an interview with the Wall Street Journal in March that the Cieply, had “no credibility” in the retail apparel industry and is a “complete loser.” Cieply replied that he was “surprised” by the remarks.


Charney later said in a follow-up interview with the Journal in April that his words were “juvenile.” Charney added that he really said Cieply has “enormous credibility” in the manufacturing world, but lacks extensive retail experience.


The company said it is working with Berglass + Associates, an executive search firm, to find a permanent replacement and added that it expects to name a replacement in the next three to six months.


Shares in American Apparel were down 1.1 percent Friday morning to $7.02.

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