Coldwater Creek's CEO to retire
Mr Pence will retain his role as chairman of the board. The board has appointed the company's president and COO, Daniel Griesemer, as president and CEO of the company with effect from October 30, 2007. Additionally, Mr Griesemer has been appointed to serve on the company's board of directors. Mr Pence said: "I have had the extraordinary privilege to co-found and lead Coldwater Creek for 23 years, and I leave with complete confidence in our company's future. I am very pleased with the company's position in the women's specialty apparel sector, and with its potential for future growth. As part of our succession planning, we have made a point to strengthen the senior leadership talent throughout the organization, and I am pleased that Dan Griesemer is prepared to succeed me as CEO of Coldwater Creek."