The Jones Group adds three eminent persons to its BoD
The Jones Group Inc. announced the election of John D. Demsey, Jeffrey D. Nuechterlein and Ann Marie C. Wilkins to its Board of Directors, effective immediately. With the addition of these three new Directors, Jones' Board of Directors has expanded to eleven members, eight of whom are independent.
As new members of Jones' annually elected Board of Directors, Demsey, Nuechterlein and Wilkins will stand for re-election at next year's annual meeting of stockholders.
Sidney Kimmel, The Jones Group Founder and Chairman of the Board of Directors, said: "We are delighted that these three thought leaders have agreed to bring their expertise to our Board. Their diverse backgrounds and combined expertise are ideal complements to our existing Directors' proven capabilities. We look forward to benefiting from the new perspectives and knowledge they will bring to the Company."
Wesley R. Card, The Jones Group Chief Executive Officer, said: "We are pleased to welcome John, Jeffrey and Ann Marie to our Board of Directors. They each have had highly distinguished careers and will bring valuable financial, strategic and marketing insight to our Board. We look forward to benefiting from our new Directors' contributions as we expand our international presence, develop and build our brands and continue to position Jones for future growth and success."
Effective immediately, Mr. Demsey will serve on the Compensation Committee of the Board of Directors; Mr. Nuechterlein will serve on the Audit Committee of the Board of Directors; and Ms. Wilkins will serve on the Nominating/Corporate Governance Committee of the Board of Directors.
John D. Demsey
Mr. Demsey, 55, has been Group President of The Estee Lauder Companies Inc. since July 2006. In this role, he oversees the following brands - Estee Lauder, M.A.C Cosmetics, Tom Ford Beauty, Prescriptives, Bobbi Brown, Jo Malone, La Mer and Smashbox Cosmetics.
He had previously served as Global Brand President of Estee Lauder and M.A.C from 2005 to 2006 and as President and Managing Director of M.A.C from 1998 to 2005. From 1991 to 1998, Mr. Demsey held several positions with Estee Lauder, including Senior Vice President of Sales and Education for Estee Lauder USA and Canada.
Prior to joining Estee Lauder, Mr. Demsey was Vice President of Sales with the Specialty Division of Revlon, Inc. from 1988 to 1991. He previously held various positions with Benetton Group Spa, Saks Fifth Avenue Inc., Bloomingdale's Inc. and Macy's, Inc. Mr. Demsey serves as Chairman of the M.A.C AIDS Fund. Mr. Demsey is a graduate of Stanford University and holds an M.B.A. from Leonard N. Stern School of Business at New York University.
Jeffrey D. Nuechterlein
Mr. Nuechterlein, 53, founded Isis Capital LLC, a venture capital and hedge fund in Alexandria, Virginia, in 2000 and has been its Managing Partner since its formation. From 1997 until 2000, he served as Managing Director and Chief Investment Officer, Pension Fund Investments, at National Gypsum Company. Prior to joining National Gypsum Company, Mr. Nuechterlein was Senior Counsel to the U.S. Trade Representative from 1995 until 1996.