bebe stores Picks New CFO

bebe stores (NASDAQ: BEBE  ) has a new chief financial officer.

On Tuesday, the fashionable retailer, which targets "contemporary women," announced it has promoted Principal Accounting Officer and Vice President-Corporate Controller Liyuan Woo to the position of CFO. Woo will retain her PAO title as well.

In a concurrent SEC filing, bebe advised that it will be paying Woo a $375,000 base salary in her new position, and will also make her eligible for an annual bonus targeting 50% of base salary. Additionally, the company says it is discussing a stock options "and/or" a restricted stock grant to further compensate Woo, but it has reached no decision on that point yet.

Woo will replace current Chief Operating Officer and CFO Walter J. Parks, who is leaving on May 3. At that time, his COO duties will be absorbed into the office of the chief executive officer, with CEO Steve Birkhold taking over all COO functions going forward.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2398625, ~/Articles/ArticleHandler.aspx, 12/18/2014 12:37:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement