Syms names financial chief

Secaucus, N.J. Off-price retailer Syms Corp., which operates under both the Syms and Filene’s Basement banners, announced Wednesday it has named Seth Udasin as senior VP, chief financial and administrative officer for the company.

Udasin, who was formerly VP and CFO for The Children’s Place, replaces Philip Piscopo who left the company in March; Udasin will report to Syms chairman and CEO Marcy Syms.

Syms has made several strategic hires in recent months, including Joel Feigenbaum as chief integration officer to direct the ongoing merger of the Syms and Filene's Basement brands, including the co-branded stores. In May, the company hired Jason Somerfield, a veteran of Burlington Coat Factory who helped reshape the brand's image, as senior VP and general merchandising manager.

"This is an exciting time to be joining the company that recently acquired Filene's Basement," said Udasin. "Syms' commitment to growth and to providing extraordinary value to its customers is especially powerful in the current economy. I am eager to help drive the operation toward even greater success, continuing to add real value for customers and shareholders."

Syms Corp. currently operates a chain of 50 off-price apparel stores located predominantly on the east coast under the Syms and Filene's Basement names.