Daily News: September 30, 2014

A&M’s Brubaker to Serve as Interim American Apparel CEO

The Wall Street Journal reported American Apparel moved to shore up its senior management by appointing a new interim chief executive and replacing its CFO. Scott Brubaker, an Alvarez & Marsal managing director, will serve as interim CEO while the company searches for a permanent successor to Dov Charney, the company’s founder.

According to the Journal Charney was removed as CEO in June over allegations of misconduct, and he is currently serving as a consultant at the company while a special board committee reviews the results of an investigation into allegations that he misused company funds and allowed nude photos to be published on the Internet of a former employee who had sued him alleging sexual harassment. Charney’s lawyer has called the allegations baseless.

To read the entire Journal article, click here.