EXPRESS CEO DAVID KORNBERG ABRUPTLY LEAVES

by Stephen Garner

Express is parting ways with its president and CEO after a four-year run.

In an announcement on Tuesday, the Columbus-based fashion retailer said David Kornberg, 51, will no longer serve as chief executive officer, president or as a member of the board of directors.

Kornberg has been CEO since January 2015, after the retirement of longtime CEO Michael Weiss. He joined Express in 1999 and in 2012 was named president of the retailer, assuming direction of both men’s and women’s merchandising and design.

Kornberg will remain employed by the company through February 21, 2019. While the board of directors searches for a new CEO and president, chief operating officer Matthew Moellering, 52, will serve as interim CEO and interim president.

Moellering has served as the company’s executive vice president and chief operating officer since September 2011 and will continue to serve as such during his tenure as interim chief executive officer and interim president.

Moellering has served in various roles with the company since 2006. Prior to his service with the company, Moellering served in various roles with Limited Brands (now known as L Brands), Procter & Gamble, and as an officer in the United States Army. In addition, Moellering serves on the board of directors of L.L. Bean, which is a privately held company. The Board of Directors of the company has commenced a search for a new chief executive officer and president.

“On behalf of the board of directors, we would like to thank David for his many years of service and strong contributions to Express in multiple roles,” said Mylle Mangum, chairwoman of the board. “We wish him the best of luck in his future endeavors. During this time of transition, we have every confidence that Matt’s proven leadership will serve the company well.”