PacSun announced today that it has named former Harbor Freight Tools and Gap executive Michael Kaplan as its new SVP and CFO effective May 2. Kaplan will replace CFO Mike Henry, who was named interim CFO in November 2007 and took the job full time in January 2008.
“Michael is a highly regarded, operations-oriented financial executive with extensive experience in a number of critical areas including inventory management, cost control, real estate and store labor,” said Gary H. Schoenfeld, President and Chief Executive Officer. “His 16 years at Disney and five years combined as CFO of the Gap Outlet division and then CFO/SVP for Banana Republic gives him an excellent background for joining PacSun and rounding out the executive team that we have been building over the past year and a half.”
Here’s more from the release:
Most recently, Mr. Kaplan was Chief Financial Officer of Harbor Freight Tools, a privately held 349-store retailer of proprietary branded tools. Prior to joining Harbor Freight Tools in 2010, he was a senior executive of Gap, Inc. from 2005 to 2010. From 1989 to 2005, Mr. Kaplan held various financial positions with The Walt Disney Company including Vice President of Financial Planning and Control for the Disneyland resort division from 2001-2005.
Mr. Kaplan is a CPA and a graduate of the University of California at Los Angeles.
Mr. Schoenfeld concluded, “I would like to thank Mike Henry for his many years of service to PacSun, and we wish him well in his future endeavors.”