MAHWAH, N.J.--(BUSINESS WIRE)--Dec. 10, 2015--
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
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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Source: The Ascena Retail Group, Inc.
Ascena Retail Group, Inc.
James Palczynski, Partner, (203) 682-8229