DULUTH, MN -- After nearly 36 years with the Duluth-based women's fashion retailer, Maurices announced Tuesday CEO George Goldfarb is retiring.
Taking his place, David Kornberg, Maurices said.
Kornberg most recently led Express as President and CEO for 20 years before stepping down in January after the retailer announced lower-than-expected sales at the end of last year.
“David Kornberg is an extremely talented leader with experience from notable brands including Marks & Spencer, Disney and Express, said Jeff Kirwan, Executive Chairman.
In 2019, European private equity firm OpCapita purchased maurices from Ascena for $300 million after 14 years of ownership.
“It’s been such an honor to lead Maurices," Goldfarb said in a statement. "It is an unbelievable brand, with a winning track record, even during a global pandemic. I attribute that success to our seasoned leadership team and talented associates. David’s experience will enable continued success for the brand and his authentic style will fit seamlessly into the organization and community."
Goldfarb, who served as CEO for 10 years, will now move to the Board of Directors where he will serve as an advisor to Kornberg.
“This transition is a win-win allowing George to move closer to his retirement goals while still supporting the business,” Kirwan said.
Maurices has 940 stores nationwide.