• News
  • SAN DIEGO
  • Finance

Hot Topic CFO McGinty resigns

CITY OF INDUSTRY, Calif. (AP) -- Hot Topic's chief financial officer, Jim McGinty, has resigned.

The clothing and accessories company said Tuesday that George Wehlitz will serve as interim CFO.

McGinty, 50, had worked for Hot Topic Inc. for the past 12 years. His resignation is effective March 29.

The 52-year-old Wehlitz became vice president of finance at Hot Topic in 2008. He previously served as CFO at motorcycle clothing and accessories company Cycle Gear Inc. Before joining Cycle Gear, Wehlitz worked at Hot Topic from February 2002 through November 2005 serving as vice president, controller in 2002 and then as vice president of finance from August 2003 to November 2005.

Hot Topic runs its namesake stores as well as Torrid, which sells clothing, accessories and lingerie to women sizes 12 and up. The company is also testing a new retail store concept called Blackheart that offers, beauty products, lingerie and accessories.

Hot Topic had 619 Hot Topic stores in all 50 states, Puerto Rico and Canada, 190 Torrid stores and 5 Blackheart stores as of Dec. 29.

Its shares fell 14 cents, or 1.3 percent, to $11.14 in midday trading Tuesday. Its shares traded as low as $7.22 just over a year ago and hit a 52-week high of $11.39 last Friday.

.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.