Bebe Stores shakes its Board of Directors

Bebe Stores inc. (NASDAQ:BEBE) announced Tuesday a reshuffle of its Board of Directors, with Seth Johnson,

Blair Lambert and Brett Brewer replacing Caden Wang, Barbara Bass and Cynthia Cohen, effective immediately.

“On behalf of the Board of Directors, we are excited to welcome Seth, Blair, and Brett to the team. They add a wealth of retail experience and strategic business knowledge to the Board and we look forward to their contributions,” summed up the chairman of the fashion group's Board of Directors, Manny Mashouf.

Mashouf explained further the changes at the board stressing that, “Overall, driving shareholder value is a priority for our Company and we believe that the appointment of Jim Wiggett as interim CEO and our new Board members will help us to achieve this objective. We would like to thank Caden, Barbara and Cynthia for their many years of service on the Bebe Board.”

Seth Johnson previously served as CEO of Pacific Sunwear of California Inc. and before that, as COO and CFO of Abercrombie and Fitch. Prior to joining Abercrombie and Fitch he held positions at The Limited Inc., Batus Retail Group, Conoco, and Dayton Hudson (now known as Target).

Blair Lambert, owner of Napa-based Lambert Family Vineyard, currently serves as a Board Member/Investor/Advisor at Three Twins Organic Ice Cream, a nationally distributed organic ice cream brand and Klymit, a company utilising science and technology for outdoor products. Lambert’s additional executive retail experience includes COO and CFO of The Gymboree Corporation and CFO of Illumination and of bebe stores, inc, highlighted Bebe in a note.

Finally, Brett Brewer currently serves as the co-founder and Managing Director of CrossCut Ventures. Brewer also serves as Vice Chairman at Acknowledged Inc. and has over 15 years of experience as an internet entrepreneur.