Leadership shakeup at American Apparel
American Apparel has appointed Scott Brubaker as interim CEO and Hassan Natha as EVP and CFO, effective immediately, following John Luttrell’s resignation from the company. Luttrell had been serving as interim CEO and CFO.
Brubaker is a managing director at Alvarez & Marsal, and replaces John Luttrell as interim CEO. He received a bachelor's degree in finance from the University of Illinois and a master's degree in business administration from the Wharton School at the University of Pennsylvania, and has served in interim officer and other advisory roles for several specialty retailers and manufacturers during his 21 years in the industry.
Natha, who replaces Luttrell as CFO, has more than 20 years of experience in finance with public and private companies, including service as CFO at Fisher Communications and Jones Soda Company. He also spent 10 years at Nike's Bauer Nike Hockey in various finance and executive operations roles. Natha is a Certified Public Accountant and a Canadian Chartered Professional Accountant. He received a bachelor's degree in commerce from Concordia University and holds a Graduate Diploma of Public Accountancy from McGill University.
Allan Mayer, co-chairman of the board, said the appointments of Brubaker and Natha would bolster the company's senior executive team.
"The Board is delighted to welcome Scott Brubaker and Hassan Natha to American Apparel," Mayer said. "We are confident that their experience and leadership will help the company achieve its goals, and we look forward to working with both of them."
"We also want to express our gratitude to John Luttrell for his years of service and many contributions to American Apparel," added David Danziger, co-chairman of the board. "We appreciate his willingness to serve temporarily as interim CEO of the company and we wish him success in his future endeavors."
The company also announced the promotions of long-time employees Patricia Honda and Nicolle Gabbay to the positions of president of wholesale and president of retail, respectively.