Whether you think of him as an alleged pervert or as a maverick that revolutionized American manufacturing, Dov Charney is no longer CEO of American Apparel.
The company which suffered a summer of upheaval after suspending Chief Executive Dov Charney, fired him Tuesday and announced a new CEO.
The Los Angeles company said the board terminated Charney "for cause in accordance with the terms of his employment agreement." Paula Schneider, a longtime fashion industry executive, will take over as CEO on Jan. 5.
Interim Chief Executive Scott Brubaker will remain as a consultant to help with the transition.
"I'm very, very excited to be part of something that is such a big influence on pop culture and helps so many Americans," Schneider said in an interview. American Apparel is "the largest manufacturer of apparel in North America. There are a lot of jobs and a lot of people, and we want to keep that going."
Read more HERE.