Sportswear Co Cutter & Buck CEO John Wyatt resigns
08 Feb '06
2 min read
Leading provider of high quality sportswear Cutter & Buck Inc announced that John T (Tom) Wyatt, President/CEO and a member of its Board of Directors will be relinquishing those positions on March 8, 2006, to become the President of GapBody, part of Gap, Inc.
Doug Southern, Chairman said that they were extremely grateful to Tom for his many contributions to Cutter & Buck over the past year, including implementing their strategic plan to deliver improved products and profitable growth to their company," said.
"He was approached to run GapBody, and given his background with similar divisions at Warnaco and VF Corporation, it's like going home for Tom.
So they understand why he would view this as a 'can't refuse' opportunity.
They are certainly pleased for Tom and will miss his extraordinary leadership.
Tom's decision to resign is in no way due to a lack of progress in their strategic plan.
They remain on track to begin experiencing top line growth in the second half of fiscal 2006, driven by their vastly improved product introductions in CB ProTec, Signature Collection and Classics, as well as the addition of the direct to consumer initiatives launched earlier this year."
Wyatt said he will miss Cutter & Buck a great deal and the decision to leave was very difficult.
He has found his time working with the Cutter & Buck leadership team and their directors, extremely rewarding.
They havebegun implementing many items that are designed to increase shareholder value.
marketing@alchempro.com
