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Wet Seal merchandising exec finds new role at True Religion
FOOTHILL RANCH, Calif. — Wet Seal merchandising executive, Harriet Sustarsic has left the company to become SVP, general merchandise manager for True Religion Brand Jeans.
Sustarsic was serving as division chief merchandising officer and will remain with the company until Oct. 19 to assist with the transition. Kim Bajrech and Debbie Shinn have assumed senior leadership of the Wet Seal merchandising organization, which they previously shared on an interim basis from November 2009 through November 2011.
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Wet Seal chairman and three board members out; replaced by Clinton Group nominees
Foothills Ranch, Calif. -- The chairman of The Wet Seal and three other directors have stepped down from its board, replaced by four nominees of the Clinton Group. The move follows several attempts by the activist investor group, which holds about 7% of Wet Seal, to take control of the struggling retailer.
As a result of the board changes, Clinton Group has agreed to terminate its effort to get support from shareholders for its nominees, Wet Seal said Friday.