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Hanover cuts top execs

The positions of Jeff Potts, president of home brands at Hanover Direct, and Anita Iodice, president of Hanover's The Company Store, have been eliminated, according to the company. This was part of the company's realignment plan, announced earlier this year.

As a result, John DiFrancesco, president of Hanover's Gump's by Mail, will assume the presidential duties of The Company Store as well. DiFrancesco and Farley Nachemin, brand president, Domestications, who both previously reported to Potts, as did Iodice, will now report to Tom Shull, president and ceo.

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