Pacific Sunwear Names Successor to CEO
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From Bloomberg News
Pacific Sunwear of California Inc., which operates 969 stores that sell casual clothes for young people, said Seth Johnson would become chief operating officer Nov. 1 and chief executive April 1.
Johnson, the former chief operating officer of Abercrombie & Fitch Co., will succeed Greg Weaver, who will become executive chairman, the Anaheim-based retailer said.
Shares of Pacific Sunwear rose 80 cents to $23.32 on Nasdaq. The news of the executive changes was released after the markets closed.
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