True Religion (TRLG) says that founder, Chairman and CEO Jeff Lubell has decided to step down....


True Religion (TRLG) says that founder, Chairman and CEO Jeff Lubell has decided to step down. He's agreed to serve as Chairman Emeritus and a creative consultant to the company for a period of two years. The board appoints its President, Lynne Koplin, to serve as interim CEO. It's also formed a special committee of non-management directors and hired financial and legal advisors to evaluate possible strategic alternatives. Shares +3% AH.

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