Dov Charney is out again at American Apparel. The clothing company announced on Tuesday that the skeevy former CEO was fired "for cause" from his role as a consultant, a position he's held since July. In June, Charney was terminated as chairman after the company compiled a long list of his alleged offenses, including sexual harassment, misuse of company funds, and racist comments.
Mr. Charney was suspended as president and CEO by the Board on June 18 for alleged misconduct and violations of company policy. Under terms of an agreement signed by Mr. Charney on July 9, a special committee of the Board oversaw an internal investigation conducted by FTI Consulting into the allegations against Mr. Charney. Based on this investigation, the special committee determined that it would not be appropriate for Mr. Charney to be reinstated as CEO or an officer or employee of the Company. While under suspension as CEO, Mr. Charney had been serving as a consultant to the Company. This relationship has now been terminated.
In the same memo, American Apparel named Paula Schneider as the company's new CEO. Schneider will replace interim CEO Scott Brubaker in early January.