Ascena Retail Group, Inc. Announces Changes to Its Board of Directors
December 10 2015 - 5:41PM
Business Wire
The Ascena Retail Group, Inc. (NASDAQ: ASNA) today announced
three changes to its Board of Directors. Klaus Eppler notified
Ascena on December 10, 2015 of his decision to retire, effective
following the Company’s 2015 Annual Meeting of Stockholders. The
Company also announced the appointment of Carl (“Chuck”) Rubin and
Steven L. Kirshenbaum to the Board of Directors.
Mr. Eppler has been a member of the Ascena Board of Directors
since 1993. Elliot Jaffe, Non-Executive Chairman of the Ascena
Board of Directors commented, “Klaus has been an outstanding Board
member investing his time, talent and passion to ensure the success
and growth of the business.” David Jaffe, President and CEO of the
Ascena Retail Group, Inc., added, “Klaus has been an invaluable
member of the Board and we thank him for his countless
contributions. While Klaus will surely be missed, we are excited to
welcome Chuck and Steve to the Board of Directors.”
Mr. Rubin currently serves as Chief Executive Officer and
Chairman of the Board at The Michaels Companies, Inc. He joined
Michaels in 2013 as its Chief Executive Officer and was appointed
as Chairman of the Board in 2015. Prior to joining Michaels,
Mr. Rubin served as President and Chief Executive Officer of
Ulta Salon, Cosmetics & Fragrances, Inc. Mr. Rubin also
previously served on the Executive Committee of the Board of
Directors of The National Retail Federation from 2007 to 2010.
Additionally, Chuck spent six years in senior leadership roles,
including Partner, at Accenture Consulting where he advised clients
and led engagements across retail formats and ecommerce
business.
“Chuck has expansive industry experience. His extensive
managerial and operational knowledge of the retail industry make
him an excellent addition to the Board,” said David Jaffe.
Mr. Steven L. Kirshenbaum was also selected to join Ascena’s
Board of Directors. Mr. Kirshenbaum is a senior partner in the
Corporate Department of Proskauer Rose LLP, an international law
firm with headquarters in New York City. Mr. Kirshenbaum primarily
focuses on corporate, transactional, governance and securities
practice areas for domestic and foreign companies.
“Throughout Ascena’s growth, Steve has been an integral partner.
His extensive experience in mergers, acquisitions, compliance,
securities and governance strengthen the Board’s collective
qualifications and skills,” said David Jaffe.
Elliot Jaffe said, “The depth of talent and breadth of
experience on our Board is very exciting. The additions of both
Chuck and Steve round out what I would describe as a world-class
Board of Directors.”
About Ascena Retail Group, Inc.
Ascena Retail Group, Inc. (NASDAQ: ASNA) is a leading
specialty retailer offering clothing, shoes, and accessories for
missy and plus-size women under the Ann Taylor, LOFT, Lou
& Grey, Lane Bryant, Cacique, maurices,
dressbarn, and Catherines brands, and for tween
girls under the Justice brand. Ascena Retail Group, Inc.
operates through its subsidiaries approximately 4,900 stores
throughout the United States, Canada and Puerto
Rico. For more information about ascena retail group, visit
ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com,
lanebryant.com, cacique.com, maurices.com, dressbarn.com,
catherines.com, and shopjustice.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151210006570/en/
Ascena Retail Group, Inc.Investor Relations(551)
777-6895asc-ascenainvestorrelations@ascenaretail.comorICR,
Inc.James Palczynski, Partner, (203) 682-8229jp@icrinc.com
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