Apparel and home products direct marketer Blair Corp. announced Thursday that its president and CEO John Zawacki will retire from the company and resign from its board of directors on April 1.
Zawacki — who has been the company’s chief executive since 1999 — informed the board of his decision during a meeting on Tuesday, a statement from the company said.
In response, the company said it is forming a committee to find a replacement.
Zawacki joined Blair, then the New Process Company, in 1972.
Headquartered in Warren, PA, Blair employs around 2,000 people and has annual sales of around $500 million.
The publicly traded company made the announcement at 4 p.m. Thursday, just as the stock market closed.
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