dELiA*s Announces Mutual Deal Not to Renew CEO's Employment Agreement

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dELiA*s, Inc.
DLIA
, a multi-channel retail company comprised of two lifestyle brands marketing to teenage girls and young women, today announced the Company and its Chief Executive Officer, Walter Killough, have mutually agreed not to renew Mr. Killough's employment agreement. The agreement was scheduled to expire on August 2, 2013, however, it is anticipated that he will depart from dELiA*s on or about April 1, 2013. The Company has commenced a search for a new Chief Executive Officer. In the event a new CEO has not been named, Mr. Killough may agree to continue to serve as CEO of dELiA*s for a limited period of time after April 1, 2013.
Posted In: NewsManagement
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