Ed Thomas, president and CEO of footwear and accessories retailer Tilly’s has retired, effective immediately.

Company co-founder, executive chairman, and chief strategy officer Hezzy Shaked will take his place until a new chief is appointed.

Thomas joined Tilly’s in 2015 and is an industry veteran who spent his career in teen retail with tenures at both Wet Seal and Tilly’s.

“On behalf of the board of directors and everyone at Tillys, I sincerely thank Ed for his many valuable contributions and leadership during his tenure at Tillys, and wish him continued success in his future endeavours,” said Shaked.

The company said Shaked has extensive knowledge and understanding of Tilly’s and has developed a vast network throughout his more than 40 years of experience in the retail sector.

Established in 1982, Tillys sells brands including Levi’s, Adidas, Billabong, DC Shoes, Element, Fox, Famous Stars and Straps, Elwood, Hurley, Nike SB, O’Neill, Quiksilver, Vans, and Volcom.