CITY OF INDUSTRY, Calif. -- (Business Wire)
Hot Topic, Inc. (Nasdaq Global Select Market: HOTT) announced today that
Jim McGinty has resigned as Chief Financial Officer, effective March 29,
2013. George Wehlitz, VP, Finance, will serve as the Interim Chief
“We are grateful for Jim’s committed service to the company over the
past 12 years and wish him well in the next phase of his career,” said
Lisa Harper, Chairman and Chief Executive Officer of Hot Topic, Inc.
“George has been an invaluable strategic partner since I joined the
company in 2011, and has been instrumental in driving the company’s
margin improvement initiatives,” said Harper. “His deep financial
knowledge and expertise and passion for the business have contributed to
a smooth turnaround of Hot Topic, Inc. I have confidence in George’s
leadership as the Interim Chief Financial Officer and I look forward to
his contributions as we move forward.”
Mr. Wehlitz joined Hot Topic, Inc. in 2008 as VP, Finance. From
November, 2005 to January, 2008, he was Chief Financial Officer at Cycle
Gear, Inc., a specialty retailer of motorcycle apparel and accessories.
Mr. Wehlitz joined Hot Topic, Inc. in February, 2002 as Vice President,
Controller, and then served as Vice President, Finance from August, 2003
to November, 2005. Previously, from August, 2000 to February, 2002, Mr.
Wehlitz was Chief Financial Officer at The Popcorn Factory, a gourmet
popcorn gifts catalog company. From 1987 to 2000, Mr. Wehlitz held
various financial-related positions, at the divisional and corporate
level, for The Bombay Company, Inc. He holds a B.A. degree in Accounting
from Texas Christian University and is a Certified Public Accountant.
About Hot Topic, Inc.
Hot Topic, Inc. is a mall- and web-based specialty retailer operating
the Hot Topic and Torrid concepts, as well as a new test retail concept,
Blackheart. Hot Topic offers music/pop culture-licensed and music/pop
culture-influenced apparel, accessories, music and gift items for young
men and women. Torrid retails on-trend fashion apparel, lingerie and
accessories inspired by and designed to fit the young, voluptuous woman
who wears size 12 and up. Blackheart offers an expanded collection of
dark, edgy, sexy lingerie, accessories and beauty products. As of
December 29, 2012, the company operated 619 Hot Topic stores in all 50
states, Puerto Rico and Canada, 190 Torrid stores, 5 Blackheart stores,
and Internet stores hottopic.com, torrid.com and blackheartlingerie.com.
Hot Topic, Inc.
Jennifer Vides, Director
George Wehlitz, Interim Chief Financial Officer
Source: Hot Topic, Inc.
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