Destination Maternity CEO Steps Down
Edward M. Krell is stepping down as chief executive of Destination Maternity "to pursue other opportunities," the Philadelphia-based apparel retailer announced on Monday. Krell, 52, will be succeeded by Anthony M. Romano, a member of Destination Maternity's board. The change comes after the company's July 25 announcement that it had dropped its bid to acquire Mothercare, a British retailer of maternity and children's products. Mothercare's board rebuffed two offers.