American Apparel Announces Hiring of Tom Casey as Acting President
Los Angeles-based American Apparel Inc., a vertically integrated manufacturer, distributor and retailer of branded fashion basic apparel, announced today that it has appointed Tom Casey as acting president of the company. Following the amendment to American Apparel's credit agreement with Lion Capital announced last week, Dov Charney, chairman, CEO and founder of American Apparel, and Lyndon Lea, founder and partner of Lion Capital, are working together on developing an enhanced strategic plan for the company's future growth, including the hiring of new senior executives. Casey will report directly to Dov Charney and will have primary responsibility for developing the going-forward operating strategy of American Apparel.
"I am excited that Tom is joining American Apparel," said Dov Charney. "Tom's team building skills, strategic perspective and senior management experience will help us build a great future for the Company. We believe Tom will be instrumental in our efforts to continue to build our management team and bring additional operating disciplines to the business."
Tom Casey has more than 24 years' experience in financial management and strategic planning. He served as executive vice president and chief financial officer of Blockbuster Inc. from September 2007 through August 2010. At Blockbuster, Casey was responsible for strategic planning, finance and accounting, information technology, real estate and international operations. Prior to Blockbuster, Casey served for 20 years as a financial advisor to companies undergoing strategic change in the retail and consumer products industry. Casey served as a managing director for Deutsche Bank Securities Inc. and held investment banking positions with Citigroup, Merrill Lynch and Dillon Read & Co. Casey has a bachelor of science degree in ocean engineering from The U.S. Naval Academy and received his MBA from Harvard Business School. Mr. Casey also serves on the board of directors of The Great Atlantic and Pacific Tea Company Inc.