Swatek Named SVP at Hanover

Hanover Direct, Inc. has appointed John Swatek senior vice president, chief financial officer and treasurer, effective April 1.

Swatek will report to Wayne Garten, CEO. Prior to joining the company, Swatek most recently served as vice president and controller of Linens 'n Things, Inc., where he held various positions beginning in 2001. Prior to joining Linens 'n Things, Inc., he was employed by Micro Warehouse from 1997 through 2001, serving as senior vice president, finance, from 2000 to 2001.

Swatek succeeds Charles Blue, who resigned following a review of the company's past accounting on March 8. Garten has served as acting chief financial officer during the interim period.

In other Hanover news, the company has completed its previously announced sale of the stock of Gump's Corp. and Gump's By Mail, Inc. to Gump's Holdings, LLC, an investor group comprised of two venture capital firms and a private investment firm, for $8.5 million.

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