Duluth Holdings Announces Resignation of CEO Stephanie L. Pugliese
September 04 2019 - 4:30PM
Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth
Trading”) (“Company”) (NASDAQ: DLTH), a lifestyle brand of men’s
and women’s casual wear, workwear and accessories, today announced
that Stephanie Pugliese resigned as President and Chief Executive
Officer and as a Board member, effective as of August 29,
2019. The Board of Directors appointed Steve Schlecht,
currently serving as the Company’s Executive Chairman, to the role
of Chief Executive Officer, effectively August 30, 2019.
“The Board of Directors of Duluth Trading Company accepted
Stephanie’s decision to resign as President and CEO of the Company
based on her desire to accept a leadership position at another
company,” said Stephen L. Schlecht. “Stephanie has been an
extraordinary business colleague for the past 11 years. Under
her leadership, we have developed a thriving women’s business,
expanded our retail footprint and built a strong omnichannel
platform to better serve our customers. I want to thank Stephanie
for her many contributions to Duluth Trading and wish her the very
best of success in her new position.”
Schlecht continued, “As the founder of Duluth Trading, I have a
deep commitment to the ongoing success of our Company. To
ensure the continuity of our vision and the execution of our
strategy, I am fully invested in reassuming the role of its CEO
until such a time that this important responsibility can be
smoothly transitioned to the right person following a deliberate
search process that will allow us to maintain our focus on our
important fourth quarter. Over the years, I have been
actively engaged with our deep and talented bench of senior
leadership and we are committed to moving forward together with no
disruption to our business.”
Stephanie L. Pugliese commented, “It’s bittersweet to leave this
amazing company and people. I especially owe so much to Steve, who
has been my mentor and staunchest supporter. He has helped build
the careers of many people like mine, and I hope to always make him
proud as I move into the next chapter of my professional
life.”
About Duluth Trading
Duluth Trading is a rapidly growing lifestyle brand for the
Modern, Self-Reliant American. Based in Mount Horeb,
Wisconsin, we offer high quality, solution-based casual wear,
workwear and accessories for men and women who lead a hands-on
lifestyle and who value a job well-done. We provide our customers
an engaging and entertaining experience. Our marketing
incorporates humor and storytelling that conveys the uniqueness of
our products in a distinctive, fun way, and our products are sold
exclusively through our content-rich website, catalogs, and “store
like no other” retail locations. We are committed to outstanding
customer service backed by our “No Bull Guarantee” - if it’s not
right, we’ll fix it. Visit our website at
www.duluthtrading.com.
Investor and Media Contacts:Donni Case (310)
622-8224Margaret Boyce (310) 622-8247Duluth@finprofiles.com
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