Titan Industries Inc. appoints new CEO

Titan Industries Inc., the women's fashion footwear company, has announced that it has named Joel Oblonsky their new chief executive officer. The company has taken a more high fashion focus lately, and they currently hold the footwear licensing for Badgley Mischka, Jewel Badgley Mischka, Splendid and French Connection. The company is focused on those brands that generate significant volume through both direct-to-retail relationships and global networks.

Joe Ouaknine, chairman and interim CEO of Titan Industries, said, "As part of the comprehensive review that we have been conducting over the past several months, we have been evaluating each brand in our portfolio and have been identifying where our time and resources are best spent. We felt that it was in the best interest of our Company to allocate our resources to larger volume, higher margin brands. We expect to continue to evaluate opportunities to further rationalize our portfolio and maximize value."

Ouaknine added that "It is not every day that a Joel Oblonsky comes along. He is the closest thing to who I am on earth I feel I hit the jackpot. This man will put us on a different level. So glad to work with him and give him the ball to run with. He will score a lot of touchdowns. No doubt."

"I'm thrilled to join a world class organization and team at Titan," said Oblonsky. "The efficient operational acumen and strong footwear production capabilities have Titan primed for additional growth. The combination of proprietary brands and prestigious licenses create exciting opportunities and the ability to expand. I'm joining to offer strategic support and leadership strength to help facilitate accretive growth and profitability with Titan."