After one too many scandals and headlines, it looks as if American Apparel has finally decided to let go of their founder and CEO. On Wednesday June 18, 2014, the board of American Apparel voted to remove the infamous Dov Charney as their chairman and notified him of their intent to remove him as president and chief executive. “We take no joy in this, but the board felt it was the right thing to do. Dov Charney created American Apparel, but the company has grown much larger than any one individual and we are confident that its greatest days are still ahead,” Allan Mayer, American Apparel’s co-chairman told the press.
We don’t have the exact details as to why the founder was fired, but the board did say that there was an “ongoing investigation into alleged misconduct.” Though we don’t know for sure, we’re not ruling out the repeated sexual harassment lawsuits, odd sexual antics (such as masturbating in front of a journalist,) and accusations of “extreme psychological abuse and torment” as reasons why the Los Angeles-based chain wants to let Charney go. Charney contractually has 30 days before he can actually be terminated however in the meantime, Executive Vice-President and Chief Financial Officer John Luttrell has been named interim CEO. The board says it is searching to find a permanent CEO.