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New CEO Sought at Tuesday Morning
Michael Rouleau was never seen as a long-term leadership solution as Tuesday Morning’s CEO, but the veteran retailer’s abrupt departure with no immediate successor named reveals the off-price retailer lacked a succession plan.
The company said Rouleau, 77, will remain in a consultative capacity until March 31, 2016 and that it had created a new Office of the Chairman led by current Board Chairman Steven Becker to support oversight of the company’s strategic initiatives until a new CEO can be hired.
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Old Navy exec sets sail to become CEO of Ralph Lauren
The top executive at Gap Inc.’s fastest growing division, Old Navy, has resigned to become CEO of Ralph Lauren.
Gap Inc. said that Stefan Larsson would step down as global president of Old Navy effective October 2, 2015, and the division would be led on an interim basis by Jill Stanton, executive VP of global product at Old Navy.

