The board for American Apparel has suspended CEO Dov Charney amid misconduct allegations. The board of directors voted Wednesday to notify Charney of its intention to end his employment as president and CEO, according to a press release. John Luttrell, the current Executive Vice President and Chief Financial Officer, has been named interim CEO. "We take no joy in this, but the Board felt it was the right thing to do," newly-appointed board co-chairman Allan Mayer said, adding that the decision was based on an ongoing investigation into misconduct allegations. ...
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