American Apparel Board Suspends Dov Charney as CEO
Declares intent to terminate him for cause, names John Luttrell as interim CEO
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American%20Apparel<%2Fa>%20yesterday%20voted%20to%20replace%20Dov%20Charney%20as%20chairman%20and%20notified%20him%20of%20its%20intent%20to%20terminate%20his%20employment%20as%20president%20and%20CEO%20for%20cause.%20It%20is%20expected%20that%20the%20termination%20will%20be%20effective%20following%20a%2030-day%20cure%20period%20required%20under%20the%20terms%20of%20Charney's%20employment%20agreement.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Famerican-apparel-board-suspends-dov-charney-ceo%2F" target="_blank" class="email" data-post-id="3676" type="icon_link">
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The board suspended Charney from his positions as president and CEO, effective immediately, pending the expiration of the cure period. At the same time, the board appointed John Luttrell as interim CEO. Luttrell, who has been with American Apparel since February 2011 and currently serves as executive vice president and chief financial officer, will continue in those positions as well. Prior to joining American Apparel, Luttrell served as executive vice president and chief financial officer of Old Navy, The Wet Seal and Cost Plus.
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