Her departure from the apparelgiant comes five months after it filed for Chap. 11 protection. There is noimmediate official word on how much compensation the deposed Warnaco chairmanand CEO will take with her as she pursues “new business ventures.” She was partof a group that took the company private in a leveraged buyout in 1986 beforetaking it public five years later.

As for the fate of Warnaco,which Wachner has led for the last 15 years, it will go forward withrestructuring guru Antonio C. Alvarez, Jr. as CEO and director Stuart D.Buchalter as COB. Alvarez joined Warnaco as chief restructuring officer in ... Log in to view full article.