Men’s Wearhouse COO to replace founder as CEO
HOUSTON -- Men's Wearhouse said its president and COO, Douglas Ewert, will replace company founder George Zimmer as CEO in mid-2011.
Zimmer, 62, who founded Men's Wearhouse in 1973, will remain executive chairman of the board. The company said he would help Ewert with "strategic direction" for Men's Wearhouse and keep a hand in marketing decisions.
Said Zimmer, “For the past 37 years, I have emphasized that continuity and culture are a vital part of our ability to serve customers. This orderly approach is designed to enhance both continuity and culture.”
Ewert has been president and COO of Men's Wearhouse since 2008.
The COO position will not be filled after Ewert's promotion.
The succession plan for Men's Wearhouse comes after recent efforts to diversify its business.