Advertisement - Click to support our sponsors.
Crazy Shirts Crazy Shirts Inc., which has suffered financial problems in the past few years, said today it has replaced its chief executive with a newly appointed member of its board.
replaces CEO
Newly appointed board member
Randy Yeager is elevated
to the top spotStar-Bulletin Staff
Randy Yeager, appointed a director of the Aiea-based clothing manufacturer and retailer in August, will replace former CEO William Almon, who resigned this week, the company said. Almon had joined Crazy Shirts in July 1999.
Yeager, a former CEO of Crazy Shirts' mainland and Pacific operations, will assume the role of president as well.
Meanwhile, another newly appointed board member, John Loevenguth, has been named executive vice president, to add to his current executive roles as chief financial officer and chief operating officer.
The two new executives joined Crazy Shirts in late August along with three other new directors after their five predecessors on the board quit.
Crazy Shirts, founded in Waikiki in 1962, said it has been seeking a million-dollar investment to pay off debts and rebuild. Failed real estate deals have hurt the company's finances.