Business American Apparel American Apparel adds its first woman to revamped board of directors

Four people join board of embattled retailer as it seeks to rebuild its image in wake of firing of CEO Dov Charney

Embattled retailer American Apparel, dealing with plunging sales and attempting to distance itself from founder and suspended CEO Dov Charney, unveiled a new-look board of directors on Wednesday.

“Any board that lets the things you read about and hear about pass so easily, that’s not an independent board,” said Lucy Marcus, board director and corporate governance expert. “Only time will tell whether they’ve put the right people on the board and whether they’ll be able to do what’s necessary to shore up the company, because this guy aside, the company is struggling.”

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Date

24 July 2014

Organisation

The Guardian

Business American Apparel American Apparel adds its first woman to revamped board of directors

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