FOOTHILLS RANCH, Calif.-- The Wet Seal Inc. said Friday and its chief operating officer is stepping down as the struggling retailer implements a broad restructuring program. Wet Seal also authorized a $25 million stock buyback program, cut 35 jobs and will close two money-losing Arden B stores at the end of its 2012 fiscal year.
ST. LOUIS-- The CEO of St. Louis- based Build-A-Bear Workshop Inc. is retiring, 16 years after she founded the kid-friendly chain that now has more than 400 outlets worldwide. She was also a former executive of the old Venture Stores and the May Co.' s Famous-Barr stores. Clark is a trustee of Washington University and a national board member of Teach for America.
McLEAN, Va.-- Capital One Financial Corp. on Friday named Stephen Crawford as its next chief financial officer. Crawford will join the McLean, Va.- based bank on Feb. 4 and become a member of its executive committee. On May 24, he will transition to the role of CFO and succeed Gary Perlin, the company's current finance chief, who will retire.
HOUSTON, Feb 1- As J. Wayne Leonard retires from the ranks of U.S. electric utility executives, the former chairman of New Orleans- based Entergy Corp said he will continue to push the industry and the nation to combat climate change.
SAN JOSE, Calif.-- Computer networking gear maker Cisco Systems Inc. said Friday that it appointed Motorola Solutions Inc. Chairman and CEO Greg Brown to its board of directors. He has worked at Motorola since 2003 and was named CEO of the company in January 2008. He became deputy chairman of the Federal Reserve Bank of Chicago in December.
CINCINNATI-- Telecommunications company Cincinnati Bell Inc. on Thursday named Ted Torbeck its chief executive, succeeding Jack Cassidy, who will step down as CEO and become vice chairman of the board of directors. Prior to joining Cincinnati Bell, Torbeck was CEO of Freedom Group, a subsidiary of private equity firm Cerberus Capital Management.