Neil Fiske, who joined Eddie Bauer as CEO in 2007, will leave the post in March. According to a company statement Fiske will step aside March 2 for David Chamberlain, the company's executive chairman, who will serve as interim CEO until a permanent replacement is named. Fiske will stay on as a consultant to ensure a smooth transition. No reason was given for his departure. In the statement Chamberlain noted that the company will look for a CEO "who can take the brand through its next phase of growth."
Fiske joined Eddie Bauer as CEO in July 2007 and led it through a bankruptcy-court auction in June 2009. Eddie Bauer was then taken over by Golden Gate Capital for $286 million and began anew in August 2009 as a privately held company. Operating partner Neale Attenborough, who serves on Eddie Bauer's board, said Golden Gate is enthusiastic about the brand, "which enjoys strong, global growth potential." He also said Eddie Bauer is a "profitable and well-capitalized business," but gave no financial details.