Seth Johnson Joins Pacific Sunwear as COO and Member of the Board of Directors on Nov. 1, 2004 - Will Transition to CEO on April 1, 2005.ANAHEIM, Calif. -- Greg Weaver to Remain Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. until April 2005 and Then Transition to Executive Chairman of the Board Pacific Sunwear Pacific Sunwear (also known as PacSun) is a shopping mall retail store that sells surfing and skateboarding clothing and accessories for teenagers and young adults. It was originally based in Newport Beach, California, United States. of California Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PSUN) today announced that Seth Johnson will join its board of directors and be named COO on Nov. 1, 2004, and transition to CEO on April 1, 2005. Greg Weaver will transition to the executive chairman role on April 1, 2005. "I am very pleased to announce the appointment of Seth Johnson as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and member of our Board of Directors. On April 1, 2005, Seth will be made CEO of the company and I will transition into the Executive Chairman role. In this new position, I will remain an employee of the company working reduced hours and will focus on new business development. "Seth Johnson is a seasoned, retail executive who joins us with extensive knowledge of specialty retailing and, in particular, has strong knowledge of the teen space. Seth's addition to the company is a truly great strengthening of our team. With Seth's extensive background and my ongoing involvement, we are confident this should be a seamless transition," concluded Weaver. Seth Johnson most recently served as COO of Abercrombie & Fitch and was a member of their board of directors. He was employed at A&F from 1992-2004. Prior retail positions included The Limited, BATUS BATUS British Army Training Unit Suffield (Alberta, Canada) BATUS British American Tobacco - US Retail Group and Dayton Hudson Inc. during a retail career that has spanned 26 years. Johnson is a graduate of Yale University (1976) and received his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Chicago (1978). Pacific Sunwear is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. As of Oct. 11, 2004, the company operated 727 PacSun stores, 84 PacSun outlet stores and 158 d.e.m.o. stores for a total of 969 stores in 50 states and Puerto Rico. PacSun's Web site address is www.pacsun.com. |
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