Duluth Holdings (DLTH) announced that Samuel Sato has informed the company that he plans to retire as president and CEO and as a board member, effective April 25. During the transition period, Stephen Schlecht, the company’s chairman of the board, founder and former CEO, will assume day-to-day leadership of the company with Sato’s assistance. The board is undertaking a search for Sato’s replacement. The board of directors has appointed Schlecht as interim CEO, effective April 25 unless the board concludes its CEO search before that date.
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