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Re: ManicTrader post# 196426

Monday, 02/20/2012 1:32:42 AM

Monday, February 20, 2012 1:32:42 AM

Post# of 2804248
CBK Christopher & Banks Corp announces resignation of Larry Barenbaum as CEO (2.78 +0.08)

Co reported that Larry Barenbaum has resigned all of his positions with the Co effective today. In connection with Mr. Barenbaum's resignation as Chief Executive Officer, the Company's Board of Directors announced that Joel Waller, President, has been named Chief Executive Officer. In addition, the Company's Board formed a committee to commence a search for a permanent CEO. In addition, the co also announced that, effective immediately, Jules Rouse, Senior Vice President, General Merchandise Manager, is no longer with the Company. The position of GMM has been replaced with a Divisional General Merchandise Manager position for each of the Christopher & Banks and CJ Banks divisions. Tricia Perket and Ann McDermott have held these roles since late November and have spent considerable time working with Mr. Waller on establishing the merchandise strategy. These individuals bring strong retail expertise and product development disciplines that will benefit the organization
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