Trans World Entertainment Corp. is undergoing yet another change in leadership, this time with the departure of president and chief operating officer Mike Honeyman.
The Albany-based company, which owns 376 F.Y.E. stores across the nation, announced today in a filing with the U.S. Securities and Exchange Commission that Honeyman and the company had “mutually agreed to separate.”
Honeyman officially left the company Tuesday, and entered into a separation agreement that includes severance benefits and confidentiality, non-solicitation and non-disparagement covenants. He had served in that position since May 2010. Prior to his tenure with Trans World, Honeyman spent several years as president and COO at the now-defunct Bernie’s TV and Appliances and several years as COO of Massachusetts-based Christmas Tree Shops.
Trans World also recently made John Anderson’s temporary role as acting chief financial officer a permanent job on Feb. 3. The 43-year-old has been at the company for more than 18 years and will now oversee Trans World’s financial planning and financial reporting divisions.