By The Associated Press
BALDWYN — Hancock Fabrics Inc. said Friday that the contract of president and chief executive Jane Aggers will not be renewed.
The Baldwyn, Miss.-based company said Aggers will leave Hancock on January 28 and resign from its board.
Board member Steven Morgan will be president and CEO while a board committee searches for a successor.
Aggers had been CEO for six years. Hancock sucessfully emerged from bankruptcy reorganization in 2008.