Jim Gooch, who ran RadioShack for a year as CEO in 2011, is back in the corner office. Now chief financial officer and COO of Lands' End, he will serve as co-interim CEO along with chief merchandising officer Joseph Boitano following today's dismissal of their controversial boss Federica Marchionni. Lands' End was acquired by Sears in 2002 and spun off 11 years later.
"Less than two years after taking the helm at Lands' End, high-fashion CEO Federica Marchionni is exiting her post, the retailer said Monday. Following stints at luxury labels Dolce & Gabbana and Ferrari, Marchionni's appointment in February 2015 raised eyebrows in the retail industry."