From merchandising and advertising to real estate and technology, business reporters offer insight into the latest trends and people that define today’s top retailers.

Interim Christopher & Banks CEO pay revealed

Posted by: under Malls, Retail Updated: March 1, 2012 - 10:50 AM

Joel Waller will receive an annual salary of $500,000 as the interim CEO of Christopher & Banks, according to documents filed with the Securities and Exchange Commission.

Waller, a former CEO of Wilsons Leather, will also receive about 50,000 shares in restricted stock.

Waller's compensation package is similar to the man he replaced, Larry Barenbaum, who abruptly left the Plymouth-based women's apparel retailer last month.

Last year, Barenbaum hired Waller to a one year contract as president to help revive the struggling retailer, especially its merchandising efforts.

After Barenbaum's exit, Waller told the Star Tribune he had no interest in the CEO job on a permanent basis.

The latest SEC document states Waller's employment contract will still expire in December.

  • 1
  • Comments

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT