Longtime CEO of PacSun out
There’s been a change at the top of teen apparel retailer Pacific Sunwear of California (PacSun).
Chief executive Gary Schoenfeld has departed the chain, which is owned by Golden Gate Capital. The news was first reported by shop-eat-surf.com
Schoenfeld had served as CEO of PacSun since 2009. No reason was given for his departure.
James Gulmi, who served from 1996 – 2015, as the CFO of footwear retailer Genesco Inc., has been named as interim CEO. Gulmi has also joined the PacSun board.
In September 2016, PacSun exited bankruptcy after reducing both its debt and store count. At that time, it was acquired by Golden Gate Capital.