Dive Brief:
Tailored Brands CEO and President Dinesh Lathi is stepping down from his post, effective March 26, the menswear retailer said in a press release.
After Tailored Brands exit from bankruptcy in December and the recent securing of new emergency financing, Lathi and the board mutually agreed that this is the right time to re-evaluate the skills and experiences needed in the CEO role as the Company prepares for its next chapter of growth and success, the retailer said.
Tailored Brands board members Bob Hull and Peter Sachse are set to serve as interim co-CEOs while the board searches for a permanent chief.