LOS ANGELES — American Apparel announced that Tom Casey has resigned as acting president of the company. Casey was appointed in October 2010 to work with Dov Charney and key investors to validate the company’s strategy, improve operating disciplines and optimize the capital structure, the company reported.
“In the past 12 months, we have executed on our strategic plan, improved sales and financial performance and enhanced our financial flexibility,” commented Dov Charney, chairman, CEO and founder of American Apparel. “I appreciate Tom’s substantial contributions to our success and his help in shaping the company’s future. Tom is a highly capable senior executive and I wish him well in his future endeavors.”
Casey has more than 25 years of experience in executive management and financial advisory roles. He serves on the board of directors and the audit committee of A&P. He served as EVP and CFO of Blockbuster Inc. from September 2007 through August 2010. Prior to Blockbuster, Casey served for 20 years as a financial advisor to companies undergoing strategic change in the retail and consumer products industry. He served as managing director and head of the retail group for Deutsche Bank Securities Inc. and held investment banking positions with Citigroup, Merrill Lynch and Dillon Read & Co. Casey has a Bachelor of Science degree in Ocean Engineering from The U.S. Naval Academy and received his MBA from Harvard Business School.