William Sweedler has resigned as executive chairman of the struggling Sequential Brands Group, which has been granted a waiver on its credit covenant defaults until June 7. He had taken the place of the former CEO, David Conn, after his departure in autumn. The board of directors has elected one of its members, Silvia Mazzucchelli, as chairwoman. The company’s chief financial officer, Lorraine DiSanto, has been appointed as principal executive officer.

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