Stoltz resigns from Body Central; Walters returning
Body Central Corp. said in a Securities and Exchange Commission filing Thursday that Thomas Stoltz resigned as chief operating officer, chief financial officer and treasurer.
Stoltz had also served as interim CEO of the fashion retailer after the resignation of Allen Weinstein in August 2012, until Brian Woolf was hired as the new CEO in February 2013.
Body Central said former Chief Financial Officer Richard Walters is returning to the company in that role to replace Stoltz. Walters was CFO from January 2007 until his retirement in September 2011. He was the company’s top financial officer during Body Central’s initial public offering in October 2010.
The SEC filing said Stoltz will remain with the company for a limited time to help in the transition.
Body Central also said in the filing that Fred Lamster was appointed to the board of directors and named chairman of the board.
Lamster joined the company a year ago as senior vice president, human capital, but is resigning that position effective on July 16.
Former Chairman Donna Ecton and three other board members resigned last week in a shake-up for the financially troubled company connected to a private placement of $18 million in notes. Investors in the notes appointed three new members to the