10:30 AM EDT, 05/31/2024 (MT Newswires) -- Citi Trends ( CTRN ) said Friday it has appointed Ken Seipel as interim chief executive officer, effective June 2.

Seipel will replace David Makuen, who stepped down as CEO but will serve as senior adviser to the CEO in the coming weeks to ensure a smooth transition, the company said.

Shares of Citi Trends ( CTRN ) rose 1.6% in early Friday trading.

Price: 24.52, Change: +0.39, Percent Change: +1.62