American Apparel's CFO Ken Cieply has stepped down to pursue outside opportunities.

Cieply, whose had 20 years of experience in the textile industry was a key member of the team that led the successful IPO of Gildan Activewear in 1998.

The company is working with executive recruitment firm Berglass & Associates, to find a permanent successor.

In the meantime, Cieply has agreed to make himself available during the transition, while William Gochnauer has joined the company as Interim Chief Financial Officer.

Gochnauer was previously CFO at Red Envelope, a national catalogue and online trading retail company. He was also financial consultant to early learning supplies company, Excelligence Learning Corporation.

Further reading:

American Apparel Announces Hiring of Interim CFO

American Apparel Appoints William Gochnauer Interim CFO To Succeed Ken Ceiply