Ascena appoints David Jaffe as BoD chairman

13 Dec '16

1 min read

Ascena retail group, inc., a leading national specialty retailer offering apparel, shoes, and accessories for women, has appointed David Jaffe as the new chairman of the Board, during the company’s 2016 annual meeting of stockholders held on December 8, 2016. David Jaffe succeeds company co-founder Elliot S. Jaffe who retired as non- executive chairman.

Jaffe also serves as the company’s president and chief executive officer. The Board also announced the honorary title of chairman emeritus to Elliot Jaffe in recognition of his many years of service to the company.

Elliot Jaffe co-founded Dressbarn in 1962 and served as CEO until 2002. He was Ascena’s chairman of the Board until January 2011, when he transitioned to non-executive chairman.

Randy Pearce, Ascena’s lead independent director said, “David’s extensive retail and financial background, including nearly 25 years of leadership at Ascena, makes him uniquely qualified to assume the role of chairman of the Board.”

David Jaffe said, “I am deeply honoured and humbled to take on this additional responsibility. I am excited to carry forward Elliot’s passion and commitment to Ascena as we continue to grow.” (GK)

Fibre2Fashion News Desk – India

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