Mervyns' CEO Resigns
Hayward-based retail chain Mervyns announced that its Chief Executive Officer and Chief Merchandising Officer Rick Leto resigned. The company’s board named Chief Financial Officer Chuck Kurth as interim president and chief executive officer until Leto’s successor is found. Leto joined Mervyns in 2004 from a long career in retail including Galyan’s Trading Co. Inc. in Plainfield, Ind.; Kohl’s Department Stores in Menomonee Falls, Wis.; and Macy’s East in New York. Kurth has been with Mervyns for the past year and has two decades of experience for retailers such as Ross Stores, Hanover Direct and Robinsons-May.
