Wet Seal CEO Resigns; Former Chief Exec Returns to Helm

Wet Seal CEO John D. Goodman has resigned less than two years after he joined the struggling teen retailer to turn around its business. The company revealed in a regulatory filing Tuesday that Goodman resigned effective Aug. 26 from his post as CEO and a member of the board. Goodman will be succeeded by Edmond Thomas, 61, effective Sept. 8. Thomas previously served as president and CEO of Wet Seal from October 2007 to January 2011. Most recently, Thomas was a partner at KarpReilly, a private investment firm focused on small to midsize growth companies.