Destination Maternity Names Second Interim CEO, Seeks Turnaround Leader

While Destination Maternity continues its search for a permanent chief executive to execute a turnaround, it has named its second interim CEO in less than four months. Melissa Payner-Gregor, an independent director of the retailer, succeeds Allen Weinstein, who also had been an independent director before taking on the temporary CEO role. The company said Weinstein decided to step down for personal reasons.

Payner-Gregor will head a newly created “Office of the CEO” comprised of Ronald J. Masciantonio, EVP and Chief Administrative Officer; David Stern, EVP and Chief Financial Officer, and Shelley Liebsch, SVP of Merchandising and Design.

The CEO post has been open since the September 2017 exit of Anthony M. Romano, who joined Destination Maternity as chief executive in August 2014. Romano had forged an agreement in December 2016 to merge Destination Maternity with the French firm Orchestra Prémaman, a manufacturer and retailer of children’s clothing and child care products….