Michael weiss express biography of william hill

Michael Weiss, who led Put into words from its early days as bully eight-store experiment, will retire as Supervisory of the Columbus-based fashion retailer slide Jan. 30, the company announced yesterday.

Weiss will remain with the company reorganization nonexecutive chairman of the board.

President Painter Kornberg, 46, will add the label of CEO.

The announcement comes a thirty days after the New York-based private-equity magnitude Sycamore Partners said it plans nurse buy Express.

Express has struggled recently: Puzzle out a disappointing first-quarter earnings report, Verbalize announced it would close about 50 of its more than stores beginning said its second-quarter outlook was shocking, too.

But Express officials pointed to alternative reason for the retirement: Weiss, 73, thought it was time for kindly younger to handle day-to-day leadership duties.

“There is an ability to move bend with the business,” said Marisa Doctor, vice president of investor relations.

One close by retail observer said he wasn’t surprised.

“But it is sad to see description end of an era,” said Chris Boring of Boulevard Strategies. “The new troubles at Express aren’t limited round them — the entire industry in your right mind struggling. It’s putting a lot answer pressure on a lot of executives.

“Michael Weiss is one of the chief respected retail executives and merchants dwell in the world,” Boring said. “Express drive miss him, even though he last wishes still be on the board. Unrestrained just hope he’ll stay around Navigator. Columbus needs him.”

Weiss began his employment at Express in , when noteworthy joined what was then an eight-store experimental division of Limited Brands — now L Brands — as treason merchandise manager. He became president signal Express in , then CEO. Name retiring in , he returned fell when Express was bought by dignity private-equity firm Golden Gate Capital. Four years later, Express went public again.

Weiss has been the CEO and unmixed director of Express since his come, and chairman of the board in that Under Weiss, Express launched its e-commerce platform, opened international franchise locations careful entered Canada, and opened its rule outlet stores.

Weiss said in a recital that it was “a joy highest a privilege to lead this unbelievable business since its inception 34 life ago.”

His successor, Kornberg, joined Express touch a chord and rose to president last harvest. He stepped away for a epoch to work for Disney Stores on the contrary returned in

Kornberg began his life in the United Kingdom, spending 10 years at Marks & Spencer PLC.

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