Tailored Brands, Inc. has announced that Dinesh Lathi will step down from
his role as president and chief executive officer, effective March 26. The
company said in a statement that board members Bob Hull and Peter Sachse
will act as Interim Co-CEOs while the board searches for a permanent
“It has been my pleasure to work as part of the talented and dedicated
Tailored Brands team, and I want to thank all of my colleagues for their
support and many contributions over the past five years,” said Lathi.
In December 2020, Tailored Brands completed its Chapter 11 restructuring,
and earlier this month, the company announced 75 million dollars in new
financing. After these events, and with business performance beginning to
recover from the impacts of the Covid-19 pandemic, the company added that
the board and Lathi mutually agreed that this is the right time to
re-evaluate the skills and experiences needed in the CEO role as the
company prepares for its next chapter of growth and success.
“With a solid financial structure now in place and the support of its new
owners behind it, Tailored Brands is well positioned for growth in its next
chapter,” added Hull.
Image: Men’s Wearhouse, Facebook