New board members at American Apparel
American Apparel Inc, a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced that its Board of Directors has elected David Danziger and Marvin Igelman to the Board. Marvin Igelman's appointment will become effective upon a future Board vacancy.
"At this pivotal and exciting time for our Company, we are fortunate to have the substantial business acumen of Messrs. Danziger and Igelman," said Dov Charney, Chairman and CEO of the Company.
"David Danziger has a wealth of experience in the field of accounting and finance and has over twenty-five years of experience serving both public and private companies in numerous industries, including manufacturing and retail," said Charney. "David brings a level of accounting and financial expertise that will be a welcome addition to our Board."
In addition to his selection as a Director, Mr. Danziger will serve on the Company's Audit and Enterprise Risk Management Committees. Danziger is a Chartered Accountant and is a partner with MSCM LLP, Chartered Accountants, a full service audit and accounting firm registered to audit public companies both in Canada and the United States. He currently serves as a member of the Board of Directors of Cadillac Ventures (TSXV:CDC.V), Carpathian Gold (TSX:CPN), Eurotin Inc. (TSXV:TIN.V) and Renforth Resources (CNSX:RFR).
"I am delighted to join the Board of Directors of American Apparel," said Mr. Danziger. "This is a strong brand with world-wide recognition and respect. We have an exciting future and I am looking forward to a long and prosperous professional relationship with the Company."
According to Charney: "Marv Igelman is an innovator in the social, mobile, media and search technology areas. Marvin's insights will be a valuable asset to us in these and other technology related areas of our business."
Igelman was the founder and CEO of Unomobi Inc., a mobile advertising and messaging platform that was acquired in February 2010 by Poynt Corporation (TSXV:PYN), a provider of mobile local search. Igelman served until June, 2011 as Poynt Corporation's Chief Strategy Officer and Board member following Poynt's 2010 acquisition.
"I am excited about the growth prospects at American Apparel," said Mr. Igelman. "The Company is moving forward with appropriate speed to capitalize on the brand and grow its distribution channels through organic measures and exploitation of its newer channels. I am happy to add my expertise and support in these efforts."
American Apparel is a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. As of May 31, 2011, American Apparel had approximately 10,000 employees and operated 254 retail stores in 20 countries, including the United States, Canada, Mexico, Brazil, the United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and China.
American Apparel Inc