Tailored Brands names Dinesh Lathi as president and CEO
today Mar 29, 2019
Menswear retail company Tailored Brands has named Dinesh Lathi as its new president and chief executive officer, effective immediately.
Lathi has served as chairman of Tailored Brands since March of 2017, executive chairman since August of 2018, and has been a member of the Tailored Brands board of directors since March of 2016. Until now, Lathi served as the company's unofficial interim CEO, since the retirement of former CEO Doug Ewert in September of 2018.
Earlier this month, Lathi spoke frankly about his disappointment in Tailored Brands' poor Q4 and year-end earnings. At the time, Lathi emphasized that it would be critical for the company to swiftly react to customer needs more effectively in 2019. Now, as official president and CEO, the executive is ready to follow through.
“After spending extensive time with our employees in the communities we serve across all of our operations, and getting a better understanding of how we can rapidly evolve our business to meet our customers’ needs and wants, I am excited to assume the role of president and CEO,” said Lathi.
“Our goal is to be the trusted partner to our customers who want to look and feel their best for moments that matter. To deliver on this promise, we are aligned around three core growth strategies: personalized products and services, seamless and inspiring experiences in and across every channel, and brands that stand for more than just price. I look forward to sharing an update on our progress during our first quarter results conference call in June.”
Previoiusly, Lathi has served in a CEO role with home decor company, One Kings Lane.
Elsewhere in the company, Theo Killion has been named chairman of the board of directors, effective immediately. Killion has served as lead independent director since August of 2018 and joined the company’s board in June of 2017.
The company will send out a progress update during its first-quarter earnings conference call in June.
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