Citi Trends Appointed Ken Seipel As Interim CEO; David Makuen Steps Down As CEO And Board Member; Board Commences A Search Process For A Permanent CEO
Portfolio Pulse from Benzinga Newsdesk
Citi Trends, Inc. (NASDAQ:CTRN) has appointed Ken Seipel as interim CEO following the resignation of David Makuen. The Board has initiated a search for a permanent CEO, considering both internal and external candidates.
May 31, 2024 | 12:33 pm
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Citi Trends has appointed Ken Seipel as interim CEO after David Makuen's resignation. The Board has started the search for a permanent CEO, considering both internal and external candidates.
The appointment of an interim CEO and the search for a permanent CEO introduces uncertainty but also shows proactive steps by the Board. This could have a neutral short-term impact as the market waits for further developments.
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