Tailor-made Manufacturers CEO Doug Ewert Intends to Retire

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Tailor-made Manufacturers

TLRD three.84%

Chief Govt

Doug Ewert

plans to retire from the corporate Sept. 30, the corporate stated Tuesday.

Mr. Ewert, who may also go away the lads’s clothes retailer’s board of administrators, joined the corporate in 1995 and has served as CEO since June 2011. Mr. Ewert will function an adviser for Tailor-made Manufacturers, the dad or mum of Males’s Wearhouse and Jos. A. Financial institution, from Oct. 1 by means of Dec. 31, based on a securities submitting.

Tailor-made Manufacturers named its nonexecutive chairman,

Dinesh Lathi,

as government chairman efficient instantly.

The board of Tailor-made Manufacturers will launch a search to establish a brand new CEO, the corporate stated Tuesday.

The Fremont, Calif., firm additionally stated

Bruce Thorn,

president and working chief, will resign from his put up Aug. 31. Mr. Thorn, 51 years previous, will be part of

Massive Tons

as chief government on the finish of September, the retailer based mostly in Columbus, Ohio, stated Tuesday.

Shares in Tailor-made Manufacturers fell three.four% in post-market buying and selling after the corporate additionally stated it expects to report a second-quarter revenue between 95 cents a share and 97 cents a share, or between $1.05 a share and $1.07 a share as adjusted. Analysts polled by Thomson Reuters had anticipated Tailor-made Manufacturers to report a revenue of $1.02 a share on an adjusted foundation.

The corporate expects to launch its full second-quarter report on Sept. 12.

Write to Bowdeya Tweh at Bowdeya.Tweh@wsj.com

Supply hyperlink – https://www.wsj.com/articles/tailored-brands-ceo-doug-ewert-intends-to-retire-1535491918?mod=pls_whats_news_us_business_f

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