Chutes & Ladders: Wet Seal CEO John Goodman resigns; Sears Holdings names Keith Sherwell CIO, Office Depot

Welcome to this week's Chutes & Ladders, our roundup of hirings and firings throughout the industry. Please send the good wordor the badfrom your shop to Laura Heller at [email protected] and we will feature it here at the end of each week.

 

> Wet Seal has indicated the resignation of CEO John Goodman in a regulatory filing issued Sept. 2. Goodman's resignation comes only two years after he joined the retailer of teen apparel in efforts to turn the company around. However, his resignation isn't fresh. Goodman's departure has been effective since Aug. 26, and there has been no reason attributed to the management shift.

Goodman is succeeded by Edmond Thomas, 61, who previously acted as president and CEO of Wet Seal from October 2007 to January 2011. Goodman joined the company in January of 2013 after the firing of former CEO Susan McGalla, who was ousted after a bout of declining sales and a racial discrimination lawsuit. Press Release

> Office Depot has named Keith Sherwell its new CIO as emphasis on big data increases. Sherwell previously acted as CIO of Sears Holdings from March 2010 to May of 2013 when he was an IT advisor cum liaison to the OfficeMax board during the merger talks. His transition to CIO of Office Depot international will become effective Sept. 15. However, his experience with the brand has already gained traction. He has acted as technology integration consultant for Office Depot since the completion of the company merger with OfficeMax in 2013.

Sherwell was integral to the implementation of big data analytics and technology at Sears, including the company's April 2012 launch of its MetaScale big data accelerator. He will assume responsibility for integration of Office Depot and OfficeMax technology in the European, Asia-Pacific and Latin American markets. Story

> Trans World Entertainment, owner of retail outlets such as the FYE music and video chain, made official the appointment of Michael Feurer as its new CEO in a Sept. 3 announcement. According to the company statement, Feurer has an extensive retail background in capacities spanning strategy, branding, merchandising, marketing, Web, real estate, sourcing, production, planning and allocation. He most recently acted as CEO and president of Vanity Stores from 2012 to 2014, and his prior experience includes a nine-year tenure with Coldwater Creek and 10 years at Gap. Press Release

> Amazon Senior VP and CFO Thomas Szkutak will be retiring from the company in June of 2015. He will be succeeded by Brian Olsavsky, VP of finance for the company's global business. Szkutak has been Amazon's CFO since joining the company in October of 2002. His tenure has included oversight of the controller, treasury, investor relations, tax, internal audit and facilities functions, as well as financial management of Amazon's business units. Press Release

> RetailMeNot has announced the hiring of former eBay exec Michael Jones as senior VP of retailer and brand solutions. Jones spent four years with eBay as VP of merchant and development. While at eBay, he was charged with managing sales, business development, merchant relations and operations for the company's marketplace business. RetailMeNot will trust him to lead the company's efforts to improve relationships with some of the largest retailers and brands in the business. Press Release

> Wet Seal's chairperson, Linda Davey, has announced plans to resign from her post, effective Oct. 1. The announcement comes less than 24 hours after news broke that Wet Seal's CEO John Goodman stepped down on Aug. 26. Davey will be replaced by company board member Adam Rothstein. Story

> Retail real estate brokerage and consulting firm Present Value Properties announced its appointment of Andrew McLean as the company's new VP. McLean will be based at the firm's Tustin, California office. McLean most recently served as VP with Lee & Associates. Story

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