Mothers Work Appoints CEO

Philadelphia Mothers Work announced Monday that Dan Matthias will retire as the company's CEO on Sept. 30. He will be succeeded by Edward (Ed) Krell, currently COO, effective Oct.1.

Krell has also been appointed to serve as a member of the company's board of directors. Matthias will continue to serve as a director of the company and serve as non-executive chairman of the board, and will remain available to management in an advisory capacity through September 30, 2012. Founder Rebecca Matthias, the company's president and chief creative officer, will continue in her current capacity.