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Good Bye, Mr. Charney – American Apparel Appoints Colleen Brown as Chairperson

dov-charney

American Apparel, a vertically-integrated manufacturer, distributor, and retailer of branded apparel based in downtown Los Angeles, California, has appointed Colleen Brown has the new chairperson of the Board of Directors of the company, Fibre2fashion.com said.

Brown, who joined the Board in August and has been serving as chairperson of the nominating and governance committee, brings years of experience as both a chief executive and board member of publicly-traded companies. She has been instrumental in driving impressive turnarounds, returning several companies to profitability, and has been nationally recognized for her outstanding contributions in enhancing shareholder value, the report said.

Brown said, “This is a pivotal moment for American Apparel, and I believe the company is poised for a significant turnaround. It will be very rewarding to work with an executive of newly appointed CEO Paula Schneider’s caliber.”

Allan Mayer and David Danziger have stepped down as co-chairmen of the Board and will continue to serve as members of the Board and will retain their positions as chairs of the compensation and audit committees, respectively.

Mayer said, “For the good of the company, we pushed hard for Colleen to take the post, and we’re delighted she has. She and Paula Schneider have powerful and complementary expertise that will be invaluable to American Apparel. Both women are strong leaders, and together they will be a tremendous force for growth and positive change at American Apparel.”

“The Board has made progress this year, and I believe we will look back and mark this as an important turning point, ” Danziger said. “And we’re ending the year by establishing an updated code of conduct that will serve as an important guide for our company going forward. Step-by-step, we are transforming this company and positioning it for success.”

American Apparel has approximately 10, 000 employees and operates 245 retail stores in 20 countries including the United States and Canada. American Apparel also has a global e-commerce site that serves over 60 countries worldwide, the report said.

 

 

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