Ousted Men's Wearhouse exec. chairman quits board

Mens' Wearhouse founder and CEO George Zimmer, in September 2012. Justin Sullivan/Getty Images

NEW YORK Ousted Men's Wearhouse founder George Zimmer has quit the company's board.

Zimmer was fired as the company's executive chairman last week. On Monday he submitted a letter resigning from the board.

Zimmer says in the letter that it's clear from his firing that the board is determined to avoid addressing his growing concerns with recent board decisions and the company's direction.

Zimmer, 64, built Men's Wearhouse Inc. (MW) from one small Texas store using a cigar box as a cash register to one of North America's largest men's clothing sellers, with 1,143 locations.

He also became one of TV's most recognizable pitchmen, known for the slogan "You're going to like the way you look. I guarantee it."

In late-afternoon trading, Men's Wearhouse was down 64 cents, or 1.8 percent to $35.15.

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