Corporate
Oct. 20, 2016
General counsels emerge as CEO candidates
With risk management and cost-cutting sustaining as top issues for board rooms across the country, and as in-house legal departments take on increasing levels of business responsibility, legal and executive placement experts say that GCs will continue to be shortlisted to replace vacant CEO positions.
Daily Journal Staff Writer
Los Angeles-based American Apparel (USA) LLC has promoted its general counsel Chelsea A. Grayson to the role of chief executive officer, replacing the company's second CEO in as many years.
But unlike her predecessors at the embattled clothier, Grayson's background isn't in clothing lines or retail. She does, however, have an extensive resume when it comes to the m...
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