FREMONT, Calif., Feb. 26, 2015 /PRNewswire/ -- The Men's Wearhouse (NYSE: MW) today announced that David Edwab has retired from his executive position in accordance with the terms of his employment agreement, and will remain Vice Chairman of the Men's Wearhouse Board of Directors. Under the terms of his employment agreement, Mr. Edwab will be available to provide consulting services to the Company.
Doug Ewert, CEO of Men's Wearhouse, commented, "Our Company has been very fortunate to have had the benefit of David's insight and guidance for over thirty years. His contribution to our success has been immeasurable and we are pleased that he will continue to be accessible to management and that he will continue to serve on the board of directors.
"David's career in the retail industry has spanned approximately 40 years serving in both financial and operational positions. He first began working with Men's Wearhouse as the independent audit partner in 1983, and was instrumental after joining the Company in launching our initial public offering in 1992. As part of the senior management team since 1991, David has helped build our brand and played a very significant role in developing the company's growth strategy. David has been a partner and confidant to many members of the management team throughout his career having served as Chief Financial Officer, Chief Operating Officer, President and Vice Chairman of our Company. We are all appreciative for his mentorship and leadership," said Ewert.
Edwab added, "I am grateful to have had a wonderful and fulfilling career that has provided tremendous opportunities to so many people. I've had the privilege of being surrounded by a great group of men and women, who have worked tirelessly to grow our business into an industry leader in men's retail. For me, the time is right to shift my attention to family and other personal interests. I will always be available to support the management team if called upon and firmly believe they will confidently lead the business into its next phase of growth and success."
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,760 stores. The Men's Wearhouse, Jos. A. Bank, Moores and K&G stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection. Most K&G stores carry a full selection of women's apparel. Tuxedo rentals are available in the Men's Wearhouse, Jos. A. Bank, Moores and Men's Wearhouse and Tux stores. Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.