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Express names Timothy Baxter its new CEO

Express Inc. said Tuesday its board of directors has appointed Timothy Baxter the company’s chief executive officer, effective June 17. Baxter succeeds Matthew Moellering, who has served as interim president and CEO since January. Moellering will remain with Express as executive vice president and chief operating officer. Shares of Express rose 1.5% in the extended session, after ending the regular trading day up 2.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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