Boston, MA 10/03/2014 (wallstreetpr) – The Wet Seal, Inc. (NASDAQ:WTSL) has made an announcement regarding departure of its Chief Financial Officer. As per the information, WTSL told that Steve Benrubi, its Chief Financial Officer had resigned from the company. The transition process will take a couple of month’s time; hence, he will remain with the company till December 1, 2014 in order to assist with all the necessary transactions.
Insights of the matter:
The decision from Benrubi has come in a flash. The Wet Seal, Inc. (NASDAQ:WTSL) has not yet finalized his replacement. It will soon start the search for new CFO who can accept the challenge and take WTSL on newer heights. Even though, Benrubi has left everyone speechless by announcing the resignation without any prior indication, but still management of WTSL doesn’t want to send any wrong message to its shareholders. Recently Ed Thomas, Chief Executive Officer told reporters that he was thankful to Steve Benrubi on behalf of entire management team of The Wet Seal, Inc. (NASDAQ:WTSL) for his loyal service and excellent leadership over the past nine years. He was one of those leaders, who never let his teammates feel down. He was a visionary leader who saw a lot of toilsome situations, but every time came out of those situations like a champion. His leadership, dedication and vision will always be an example for WTSL employees. Thomas also mentioned that it would be hard to fill in his shoes, but WTSL would have to find out a suitable candidate who could take it on newer heights in the future. At the end of the interview, he wished all the best to Benrubi for his future endeavors.
The Wet Seal, Inc. (NASDAQ:WTSL) is a leading specialty retailer to young women and has a good potential to grow fast. Sudden resignation of its CFO might have been a surprise for it, but experts think that it would overcome from the current situation very soon.
