Fremont, Calif. — Tailored Brands, Inc. has appointed Dinesh Lathi as president and chief executive officer, and Theo Killion has been appointed chairman of the board of directors.
Lathi has served as chairman of Tailored Brands since March 2017, executive chairman since August 2018, and has been a member of the Tailored Brands board since March 2016. Killion has served as lead independent director since August 2018 and joined the company’s board in June 2017.
“Following a robust and thorough search process, the board is pleased to appoint Dinesh as president and CEO of Tailored Brands,” says Killion. “Dinesh has demonstrated a deep commitment to building and leading a customer-obsessed company that empowers our talented employees with technology, data and the creative resources needed to exceed customer expectations and position Tailored Brands for long term sustainable growth.”
Lathi is also a member of the Five Below, Inc. board of directors. He was the CEO of One Kings Lane, Inc. from April 2014 until June 2016. Prior to One Kings Lane, Lathi spent 7 years in various senior executive roles at eBay, Inc.
Regarding Killion’s new appointment, Tailored Brands’ nominating and corporate governance committee chairperson, Irene Chang Britt, had this to say: “During his tenure as CEO of Zale Corporation, Theo led a turnaround effort, which included growing shareholder value by $850 million and delivering 14 quarters of positive comparable store sales. Theo’s extensive merchandising and retail experience provides a strong complement to Dinesh’s deep e-commerce and digital background, and this combination will prove invaluable as we set Tailored Brands on a course for growth.”
Killion also serves on the board of Claire’s Stores, Inc. He previously served on the boards of Express Inc. and Libbey, Inc. Killion was the CEO of Zale Corporation from 2010 to 2014 and has over 40 years of experience in operating roles at such retailers as Tommy Hilfiger, Limited Brands, The Home Shopping Network and Macy’s.
As the leading specialty retailer of men’s tailored clothing and largest men’s formalwear provider in the U.S. and Canada, Tailored Brands has over 1,400 stores. Brands include Men’s Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men and K&G.
For more information, visit www.tailoredbrands.com.
SOURCE: Tailored Brands