Lathi Elevated to CEO of Tailored Brands

In a widely expected move, Dinesh Lathi has officially been named to the top post of Tailored Brands, Inc.
Lathi, executive chairman of the men’s wear retailer, who has been acting in the role of chief executive officer — without the title — since the retirement of Doug Ewert last September, was named president and ceo Thursday afternoon. Theo Killion, a one-time ceo of Zale, will become chairman of the board of directors. Both appointments are effective immediately.
“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,” said Killion.
Earlier this month, Lathi was highly critical of the company during its fourth-quarter and year-end earnings call, saying the retailer has underinvested in its business and failed to keep pace with a rapidly changing customer.
He was especially hard on former management, saying the company needs to change — and quickly — to offer more personalized products and services, a better omnichannel experience and fewer promotions in favor of more “brand stories.”
He reiterated that in a statement on Thursday, saying: “After spending extensive time with our

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Lathi to Run Daily Operations at Tailored Brands After Ewert’s Departure

Executive board chairman Dinesh Lathi will take over the day-to-day operation of Tailored Brands when Doug Ewert retires as chief executive officer at the end of the month.
The news was revealed during the company’s second-quarter earnings call Wednesday afternoon. Lathi was not named interim ceo, as industry sources had speculated, but will continue to hold his board title while the company conducts “a comprehensive search” for a replacement.
“I am honored and excited to lead the team during the transition process,” Lathi said on the call. “The board has begun a comprehensive search for a new ceo. Our top priority is identifying the best person to lead the company. The board will move forward thoughtfully and will take the time it needs to find the right leader for Tailored Brands.”
He said that when he steps up into the operational role in a few weeks he will be “focused on working with the executive team to accelerate the pace of execution and innovation and our core growth strategies of meeting consumers’ demand for personalization by growing our custom business, strengthening our brands through transformative marketing campaigns, and enhancing our omnichannel capabilities to deliver a superior shopping experience.”
Lathi, 47, is the former ceo of

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