2 Clothestime Executives Step Down

Clothestime Inc., in bankruptcy and apparently seeking a buyer for its troubled chain of young women’s apparel stores, said that its two top executives have resigned. Co-founder John Ortega II, the Anaheim company’s chairman and chief executive officer, stepped down along with Chief Operating Officer Norman Abramson. Clothestime executives weren’t available for comment, but the company said in a statement that the two men left “to pursue personal interests.” Chief Financial Officer David A. Sejpal was named chairman, chief executive, president and chief operating officer. The unexpected resignations provided more unsettling news for the financially troubled chain that entered bankruptcy proceedings in December 1995.