In yet another sign that the top of a retail organization has become an increasingly precarious perch, David’s Bridal CEO Pam Wallack has left the company, which operates 300 stores in 45 states. Wallack’s departure is the latest in a series of recent C-level shakeups that have included Office Depot CEO Ron Sargent, Barnes & Noble CEO Ron Boire and a host of others in 2016.
David’s Bridal Chairman Paul Pressler will replace Wallack, according to the Associated Press, which noted that the company declined to comment on the reasons for her departure. Pressler is a partner at the private equity firm Clayton, Dubilier & Rice, which acquired David’s Bridal from another private equity firm in 2012. He has also served as president of Disney‘s retail division and as the CEO of Gap Inc.
Wallack joined David’s Bridal in 2013 from Gap, where she had held senior positions since 2005. Prior to that she spent seven years at Toys “R” Us and also has worked at brands including Coach, The Disney Store and Laura Ashley.