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Feb 3 American Apparel Inc APP.A said John
Luttrell will take over as chief financial officer from Adrian
Kowalewski, who will become executive vice president of
Shares of the company were up 3 percent on Thursday after
Luttrell, an industry veteran, joins from CFOs 2 Go
Partners, a management consulting firm, where he was a partner.
He has been CFO of Gap Inc's (GPS.N) Old Navy chain, Wet Seal
Inc WTSLA.O and Cost Plus Inc.
He will take over as American Apparel's finance head as of
The retailer and wholesaler, known for its edgy advertising
and brightly colored T-shirts, has been under pressure to
revamp its management and put its finances in order as it faces
a prolonged sales slump.
Shares of the company closed at $1.06 on Thursday on the
American Stock Exchange. They were up at $1.09 after close.
(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by