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Kay Krill to join Ascena Board of Directors
09
Oct '15
Ascena retail group, inc. a leading American specialty retailer offering clothing, shoes, and accessories for women has announced that Kay Krill is transitioning from President and CEO of Ann Inc. and has been appointed to Ascena's Board of Directors.

Gary Muto, who currently serves as President of Ann brands, will succeed Ms. Krill as President and CEO of Ann Inx., a subsidiary of Ascena, it said in a press release. Ms. Krill will work closely with Muto to ensure a seamless transition of this leadership role in overseeing all aspects of Ann Inc. and the Ann Taylor, Loft and Lou & Grey brands.

David Jaffe, President and CEO of Ascena, commented, “I am so pleased that Kay, on her tenth anniversary as CEO of Ann Inc., will step up to the Ascena Board of Directors. Kay leaves Ann Inc. in good shape with a strong foundation in place operationally, financially and culturally. Therefore, this is a natural time to make this transition. I am very pleased to promote Gary Muto to the position of President and CEO of Ann Inc. and look forward to his leadership of Ann Inc. and the Ann Taylor, Loft and Lou & Grey brands.”

Ms. Krill added, “I am very excited to be appointed to the Board of Directors of Ascena, where I can bring my brand building and merchandise expertise to the Company's family of brands, and participate in providing strategic counsel to Ascena as a member of the board. The past 21 years at Ann has been the highlight of my retail career, especially growing the Loft brand from its inception. It has been my honour and privilege to lead our iconic brands, talented associates and create a purpose driven culture that makes a difference in our associates' and clients' lives. And, as my successor and a valued member of my leadership team for the past seven years, Gary has worked closely with me on all aspects of growing the Ann Taylor and Loft brands, as well as the launch of Lou & Grey. I am thrilled for him and his much deserved promotion, and wish him much success in his new role.”

Muto said, “I am very excited about the significant opportunities for Ann Taylor, Loft and Lou & Grey, and look forward to continuing to position Ann Inc. for further successful, profitable growth. Our talented teams are focused on continuing to deliver the same great fashion, exceptional service and a seamless omni-channel experience across our multiple touch points. Ann Inc. has a strong culture and business, and we look forward to building on Kay's legacy as a brand builder, visionary and business leader.” (SH)

Fibre2Fashion News Desk – India

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