UPDATE 1-Pacific Sunwear appoints interim CFO

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Thu Nov 29, 2007 2:11pm EST

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LOS ANGELES Nov 29 (Reuters) - Pacific Sunwear of California Inc (PSUN.O) said on Thursday it appointed Michael Henry as interim chief financial officer, replacing Gerald Chaney, who has resigned.

Henry has been with the surf-inspired retailer for more than seven years and served most recently as vice president and controller, the company said.

No reason was given for the resignation of Chaney, who had been with the company for three years.

Pacific Sunwear said it planned to search for a permanent chief financial officer.

The Anaheim, California-based company, operator of the PacSun mall-based clothing stores, is seeking strategic alternatives for its underperforming hip-hop chain called demo, and has announced that it will shutter its new chain of shoe boutiques called One Thousand Steps. (Reporting by Alexandria Sage; Editing by Jeffrey Benkoe and Braden Reddall)

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