Alvarez & Marsal Managing Director, Scott Brubaker, has been appointed as interim CEO of American Apparel, following the company’s decision to dismiss its founder Dov Charney as its CEO. Brubaker will be in charge until the company has found a permanent leader.
American Apparel, a US-based clothing manufacturer, distributor, and retailer, has last June removed its founder Dov Charney as its CEO over allegations of misconduct, and appointed John Luttrell, the company’s CFO as interim CEO. After Luttrell recently announced his departure from the company, American Apparel turned to consulting firm Alvarez & Marsal (A&M). This move resulted in the appointment of Scott Brubaker, an A&M Managing Director, as the new interim CEO of the fashion retailer.
In his temporary role, Brubaker will be charged with the stabilising of American Apparel while the company is searching for a new permanent leader. Commenting on the appointment, Allan Mayer, co-chairman of the company board, says: “We are confident that their experience* and leadership will help the company achieve its goals.”
Scott Brubaker is a Managing Director with Alvarez & Marsal at its San Francisco office. Brubaker has gained experience in the consumer products, retail, manufacturing, construction, transportation, and healthcare industries, and is specialised in business diagnostics, plan development and financial strategies for corporate turnarounds, acquisitions and restructurings. Prior to his spell at A&M, Brubaker worked for 9 years at the Turnaround practice of Arthur Andersen, in San Francisco and London. Brubaker has a Bachelor's degree in Finance from the University of Illinois and a Master's degree in Business Administration from the Wharton School at the University of Pennsylvania. In addition to this, he is a Certified Turnaround Professional (CTP), and a Certified Insolvency and Restructuring Advisor (CIRA).
* American Apparel also appointed former Nike Director, Hassan Natha, as its CFO.