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American Apparel moves to fire controversial CEO
American Apparel’s board of directors has voted to remove Dov Charney as chairman and fire him as president and CEO.
It is expected that the termination will be effective following a 30-day cure period required under the terms of Charney’s employment agreement.
For the time being, Charney is suspended from his positions as president and CEO, effective immediately, pending the expiration of the cure period. The board has appointed John Luttrell as interim CEO.
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CPG execs recommit to established industry agenda
CEOs from top CPG companies gathered in Paris this week for a meeting of the Consumer Goods Forum where the board voted on a set of common sense initiatives related to health and wellness.
The Forum’s board of directors reaffirmed its commitment to the implementation of its Health & Wellness Resolutions published three years ago and said it was committed to leading the industry on several specific fronts, including: