Express CEO Weiss Passing Job to Company’s President
Express Chief Executive Officer Michael Weiss, who has run the business since it was an eight-store experiment by Limited Brands in 1980, is passing the reins to President David Kornberg next year. Weiss will stay on as nonexecutive chairman after Kornberg takes the CEO job on Jan. 30, the Columbus, Ohio-based company said yesterday in a statement. Weiss, 73, had previously retired in 2004, though he returned in 2007 when the business was acquired by Golden Gate Capital Corp. The management change comes at the same time as a possible takeover fight.