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Lathi Elevated to CEO of Tailored Brands

In a widely expected move, Dinesh Lathi has officially been named to the top post of Tailored Brands, Inc.
Lathi, executive chairman of the men’s wear retailer, who has been acting in the role of chief executive officer — without the title — since the retirement of Doug Ewert last September, was named president and ceo Thursday afternoon. Theo Killion, a one-time ceo of Zale, will become chairman of the board of directors. Both appointments are effective immediately.
“Dinesh has demonstrated a deep commitment to building and leading a customer-obsessed company that empowers our talented employees with technology, data and the creative resources needed to exceed customer expectations and position Tailored Brands for long-term sustainable growth,” said Killion.
Earlier this month, Lathi was highly critical of the company during its fourth-quarter and year-end earnings call, saying the retailer has underinvested in its business and failed to keep pace with a rapidly changing customer.
He was especially hard on former management, saying the company needs to change — and quickly — to offer more personalized products and services, a better omnichannel experience and fewer promotions in favor of more “brand stories.”
He reiterated that in a statement on Thursday, saying: “After spending extensive time with our

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Via:: https://wwd.com/menswear-news/mens-retail-business/lathi-elevated-to-ceo-of-tailored-brands-1203094982/