American Apparel’s Dov Charney makes sexy clothes which porn stars model. He’s also in the middle of several sexual harassment lawsuits and other lawsuits that claim he doesn’t know how to run a company. Charney has now hired a new CFO after calling the last one a “loser”.

CHICAGO (Reuters) – American Apparel Inc (APP.A) on Monday promoted company executive Adrian Kowalewski to chief financial officer, and shares in the casual and basic clothing retailer hit an all-time low.

American Apparel’s previous CFO, Ken Cieply, resigned weeks after Chief Executive Dov Charney called him a “complete loser” in an interview with the Wall Street Journal in late March.

Charney later retracted the comment, but Cieply left to pursue other opportunities. William Gochnauer was named the interim CFO at the time.

Kowalewski, 31, was named executive vice president and CFO on Monday, effective immediately, the company said in a statement.

Kowalewski joined American Apparel in 2006 and has served as director of corporate finance and development, where his responsibilities included finance, corporate strategy and investor relations, said the Los Angeles-based company, which operates more than 240 retail stores.

Kowalewski has been on American Apparel’s board of directors since the completion of the merger with Endeavor Acquisition Corp in December 2007.

Shares of American Apparel fell as low as $1.55 and were still off 22 cents, or 12.1 percent, at $1.60 in trading on the American Stock Exchange.

(Reporting by Ben Klayman, editing by Dave Zimmerman and Steve Orlofsky)