Tommy Bahama Names New CEO

Seattle For the first time in its 15-year history, Tommy Bahama is getting a new chief executive, according to the Seattle Times.

Parent company Oxford Industries said retail-industry veteran Terry Pillow will step in when Tommy Bahama CEO and founder Tony Margolis retires June 1.

Pillow's career in the industry spans 30 years, with previous stints at Neiman Marcus, A/X Armani Exchange, Coach and Polo Ralph Lauren.

Also on June 1, Tommy Bahama's COO, Doug Wood, will take on a second role as president.

After his retirement, Margolis will assume a new role as chairman of the Tommy Bahama advisory board.