KATE SPADE & COMPANY ELECTS DOUG MACK TO BOARD OF DIRECTORS
June 26 2014 - 9:30AM
June 26, 2014 - Kate Spade &
Company (NYSE: KATE) today announced the election of Doug Mack to
the Company's Board of Directors. Mack's election brings the number
of Directors to eleven. His initial term as director is
effective immediately and will expire at the Company's 2015 Annual
Meeting of Stockholders.
An eCommerce innovator, Mack has
extensive knowledge in key retail areas including technology,
marketing and customer experience. In April 2014, he became CEO of
Fanatics, Inc., the world's leading retailer of licensed sports
merchandise and a billion dollar eCommerce company.
Previously, Mack served as CEO of
One Kings Lane, a leading online destination for home design, which
he joined as a $10M start-up and led its growth into an Internet
Retailer Top 100 company. Prior to One Kings Lane, Mack was
CEO of Scene7, the leading rich-media platform for eCommerce, which
has powered websites for more than 1,000 global retailers.
After completing the sale of Scene7 to Adobe, Mack joined the Adobe
leadership team, and ultimately became GM of the digital media
division, which included flagship properties such as Adobe
Photoshop and Adobe Flash Media Server. Mack began his career in
the General Electric management training programs, was an
engagement manager with McKinsey & Company and later became
Executive Vice President of Broderbund Software. A Boston
College graduate, Mack was named to Business Insider's "Silicon
Valley 100" four years running.
Commenting on the announcement,
Nancy Karch, Chairman of Kate Spade & Company, said: "Doug is
an accomplished innovator with nearly 20 years of experience in
online retail and technology industries. We look forward to
his contributions as the Company expands, both on- and off-line,
around the world."
"Doug's strong understanding of
integrated technology and customer experience makes him an
outstanding fit for our Board," said Craig Leavitt, Chief Executive
Officer of Kate Spade & Company. "As we continue to evolve our
digital approach and focus on providing customers with an optimal
omnichannel experience, Doug will bring meaningful insight to our
Board and Company."
ABOUT KATE SPADE &
COMPANY
Kate Spade & Company (NYSE: KATE) designs and markets
accessories and apparel under three global, multichannel lifestyle
brands: kate spade new york, Kate Spade Saturday and Jack Spade.
With collections spanning demographics, genders and geographies,
the brands are intended to accent customers' interesting lives and
inspire adventure at each turn. The Company also owns the
Adelington Design Group, a private brand jewelry design and
development group that markets brands through department stores and
serves jcpenney via exclusive supplier agreements for the Liz
Claiborne and Monet jewelry lines. In November 2013, the Company
completed the sale of the Juicy Couture intellectual property to
Authentic Brands Group (ABG) and is working under a license from
ABG to transition and wind down the Juicy Couture business through
2014. The Company also has a license for the Liz Claiborne New York
brand, available at QVC, and Lizwear, which is distributed through
the club store channel. Visit
www.katespadeandcompany.com for more information.
ABOUT
FANATICS
Fanatics is the leading online retailer of officially licensed
sports merchandise and provides the ultimate shopping experience to
sports fans. As a Top 50 Internet Retailer Company, Fanatics
comprises the broadest online assortment offering hundreds of
thousands of officially licensed items via its Fanatics
(www.fanatics.com) and FansEdge (www.fansedge.com) brands, as well
as the largest selection of sports collectibles and memorabilia
through Fanatics Authentic (www.fanaticsauthentic.com). In
addition, the Company powers the e-commerce sites of all major
professional sports leagues (NFL, MLB, NBA, NHL, NASCAR, PGA, UFC),
major media brands (NBC Sports, CBS Sports, FOX Sports) and over
150 collegiate and professional team properties.
Investor Relations
Contact:
Media Contact:
Priya
Trivedi
Emily Garbaccio
VP,
Finance
VP, Corporate Communications
201-295-6110
212-739-6552
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Kate Spade & Company via Globenewswire
HUG#1804410
Kate Spade & Company (NYSE:KATE)
Historical Stock Chart
From Apr 2024 to May 2024
Kate Spade & Company (NYSE:KATE)
Historical Stock Chart
From May 2023 to May 2024