ascena retail group Announces Appointments to Board of Directors
June 08 2017 - 4:07PM
Business Wire
ascena retail group, inc. (NASDAQ:ASNA), today announced
that, after an extensive search, Marc Lasry and Stacey
Rauch have been appointed as members of ascena’s Board of
Directors, effective immediately.
MARC LASRY re-joins the Board, having previously served
as a member of the Board from February 2004 until October 2006.
Since 1995, Mr. Lasry has served as Chairman, Chief Executive
Officer and Co-Founder of Avenue Capital Group, a global investment
firm that focuses on private and public debt, equity and real
estate markets in the U.S., Europe and Asia. Mr. Lasry is currently
a member of the Council on Foreign Relations and has served on the
boards of advisors or directors of both for-profit and
not-for-profit public and private companies.
“Mr. Lasry brings a macro perspective of the business
environment and tremendous depth and experience with capital
allocation strategies. Marc’s insight, enhanced by his prior
experience with the company, will undoubtedly add significant
value,” said Kate Buggeln who leads the board’s Leadership and
Corporate Governance Committee.
STACEY RAUCH joins the Board with extensive experience in
retail, strategy, marketing, merchandising, global expansion and
multi-channel management. Ms. Rauch is a Director Emeritus of
McKinsey and Company (“McKinsey”) where she was a leader in
McKinsey’s Retail and Consumer Goods Practices, served as the head
of the North American Retail and Apparel Practice, and acted as the
Global Retail Practice Convener. A 24 year veteran of McKinsey, Ms.
Rauch led engagements for a wide range of retailers, apparel
wholesalers, and consumer goods manufacturers in the US and
internationally. Ms. Rauch also has noteworthy board experience,
including her former membership on the ANN INC. board and her
current roles as non-executive Chairman of the board of directors
of Fiesta Restaurant Group, Inc. and non-executive director of Land
Securities, PLC, the UK’s largest commercial property company,
where she sits on its Audit and Nomination Committees.
“We selected Ms. Rauch to serve as a director based on her
extensive experience across business, strategy, marketing,
merchandising and operations in the retail, consumer and apparel
sectors. Stacey brings an invaluable strategic perspective of the
changing consumer environment that we will leverage as ascena
continues its evolution,” said Ms. Buggeln.
“Both Stacey and Marc bring tremendous experience to ascena,”
said David Jaffe, Chairman, President and Chief Executive Officer
of the ascena retail group. “Their collective expertise will be an
excellent complement to our Board and we look forward to working
with both of them as we continue to grow ascena in this highly
competitive marketplace.”
About ascena retail group,
inc.
ascena retail group, inc. (NASDAQ: ASNA) is a leading national
specialty retailer offering apparel, shoes, and accessories for
women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou
& Grey), Value Fashion segment (maurices and dressbarn), Plus
Fashion segment (Lane Bryant and Catherines), and for tween girls
under the Kids Fashion segment (Justice). ascena retail group, inc.
operates ecommerce websites and over 4,800 stores throughout the
United States, Canada and Puerto Rico.
For more information about ascena retail group, inc. visit:
ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com,
maurices.com, dressbarn.com, lanebryant.com, cacique.com,
Catherines.com, and shopjustice.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170608005842/en/
For Investors:ICR, Inc.James Palczynski,
203-682-8229PartnerorFor Media:ascena retail group, inc.Sue
Ross, 218-491-2110EVP, ascena Corporate
Affairssue.ross@ascenaretail.com
Ascena Retail (NASDAQ:ASNA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ascena Retail (NASDAQ:ASNA)
Historical Stock Chart
From Jul 2023 to Jul 2024