The chief executive of Maurices is retiring.
The women’s value apparel retailer announced that 36-year company veteran George Goldfarb, who has served as CEO for 10 years, will move into the role chairman emeritus. He will be succeeded by David Kornberg, who has been named president and CEO, effective March 15.
Kornberg previously served as CEO of Express. He joined the company in 1999, and was named to the top role in 2015. Kornberg left Express in early 2019. He also has experience at Disney Stores and British retailer Marks and Spencer.
Maurices, which is based in Duluth, Minn., operates more than 900 stores nationwide and in Canada. Ascena Retail Group sold the chain in 2019 to an affiliate of British private equity firm OpCapita. The firm installed Jeff Kirwan, a former president of the Gap brand, as chairman.
“Although George's shoes will be tough to fill, we are very confident that David is the right successor,” said Kirwan. “David has a deep understanding of the consumer and is recognized as a customer and people-centric leader.”