Pacific Sunwear of California, Inc. has announced that Greg H. Weaver, the company's Executive Chairman of the Board, will retire effective as of April 1, 2006.
“Greg's long service to Pacific Sunwear, including as Chief Executive Officer from 1996 to 2005 and, more recently, as Executive Chairman, has been critical to the company's phenomenal growth and success since its initial public offering in 1993,” Seth Johnson, CEO, commented. “The employees, management, board of directors and shareholders of Pacific Sunwear owe Greg the highest levels of appreciation for his outstanding leadership and direction of our company.”
“I became Executive Chairman in April 2005 for a limited time to provide a period of transition and to work on new business development,” said Greg Weaver. “Now that our One Thousand Steps concept is ready to launch, this is the appropriate time for me to step down. I leave confident that Pacific Sunwear has an outstanding portfolio of retail concepts, talented people and a very experienced leadership team.”