Cherokee, Inc. Gets New CEO

Cherokee, Inc. has hired a new chief executive officer, the Van Nuys brand management company announced. Henry Stupp has been named the new CEO and a member of the company’s board of directors. “Henry has presented us with new and exciting ideas that will further expand upon the Company’s successful global network,” said Robert Margolis, Cherokee, Inc.’s executive chairman and founder. The new CEO has purchased $2.5 million of newly issued common stock in the company, including $1.5 million purchased on Aug. 26. The Compensation Committee has also granted Stupp an option to purchase an additional 300,000 shares of common stock. Stupp moved from Montreal, Canada, to California in 1995. He is one of the original founders of fashion apparel supplier Novel Teez Designs, later known as NTD Apparel. During his more than 20 years with NTD Apparel, Stupp identified, negotiated and introduced more than 200 well-known brands and licenses. “The financial strength of the Company provides opportunities to grow our portfolio of brands and pursue prudent acquisitions,” Stupp said.