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Eddie Bauer CEO To Take Hike

Eddie Bauer chief Neil Fiske, who joined the retailer in 2007 and led it through bankruptcy, will leave his post effective March 2. No word on why he's leaving. Fiske will step aside 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, the company said. Chamberlain said the company will look for a CEO "who can take the brand through its next phase of growth."

Fiske took the helm after leading a turnaround of Bath & Body Works. During the height of the recession, in June 2009, Eddie Bauer filed for Chapter 11 bankruptcy protection and was purchased out of bankruptcy and taken private by Golden Gate Capital for $286 million in cash.

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