Gary Muto replaces David Jaffe as Ascena’s new CEO

Ascena Retail Group, Inc. has announced changes in its senior management structure. The company said, David Jaffe will retire from his role as chairman and CEO but will remain on the board of directors. Gary Muto, currently president and chief executive officer of Ascena Brands, has been named the company’s Chief Executive Officer and will join the company’s board of directors. In addition, Carrie Teffner has been named Interim Executive Chair of the board of directors.