Destination Maternity (DEST) Reports Q2 Loss of $0.13 on Revenues of $98.3M

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Go back to Destination Maternity (DEST) Reports Q2 Loss of $0.13 on Revenues of $98.3M

Destination Maternity (DEST) Reports Anthony Romano to Step Down as President, CEO & Board Member; Appoints Allen Weinstein as Interim CEO

September 7, 2017 6:45 AM EDT

Destination Maternity (NASDAQ: DEST) announced today the appointment of Allen Weinstein, an independent director of the Company, as Interim Chief Executive Officer, effective at close of business September 7, 2017. The Board and Anthony M. Romano mutually agreed that Mr. Romano will step down from his role as President, Chief Executive Officer and Board Member, effective at close of business September 7, 2017. The Board will immediately launch a search to identify a qualified candidate to serve as the Company's permanent CEO.

Additionally, Barry Erdos, an independent director, has been elected to succeed Arnaud Ajdler as non-executive Board... More