Home / Knowledge / News / Apparel/Garments / Michael Archbold appointed to BoD of Express Inc
Michael Archbold appointed to BoD of Express Inc
04
Jan '12
Express Inc., a specialty retail apparel chain operating over 600 stores, announced changes to its Board of Directors. Michael G. Archbold, President and Chief Operating Officer of Vitamin Shoppe, a leading specialty retailer and direct marketer of nutritional products, has been appointed to the Board as a Class I director effective January 3, 2012.

Michael Weiss, Chairman of the Board and the Company's President and Chief Executive Officer commented: "I am delighted to welcome Mike to the Board. Mike's notable financial expertise and extensive retail experience will be invaluable assets as we continue delivering on our four pillars of growth."

Mike Archbold currently serves as President and COO of the Vitamin Shoppe. Mr. Archbold joined the company in 2007 as Chief Financial Officer and Chief Operating Officer. He was promoted to President in 2011. Prior to this, Mr. Archbold was Executive Vice President/Chief Financial and Administrative officer of Saks Fifth Avenue from 2005 to 2007.

From 2002 to 2005 he served as Chief Financial Officer for AutoZone, originally as Senior Vice President and later as Executive Vice President. Mr. Archbold brings over 25 years of financial experience in the retail industry.

Along with being appointed to the Board as an independent director, Mr. Archbold will also serve on the Company's Audit Committee replacing Stefan Kaluzny, Co-founder of Sycamore Partners, who resigned in late 2011.

Mr. Archbold's appointment brings Express back into compliance with the New York Stock Exchange's listing rule that requires three independent directors on its Audit Committee.

In conjunction with Mr. Archbold's appointment, Sam Duncan will leave the Board. Mr. Duncan, as previously announced, shared his intentions to resign from the Board once a suitable independent director was identified to fill the vacancy resulting from his resignation.

Following the significant reduction of Golden Gate's ownership in Express as a result of the recently completed secondary offering, David C. Dominik, Co-founder and Managing Director of Golden Gate Capital, has elected to resign from the Board, effective immediately. Josh Olshansky, Managing Director of Golden Gate Capital, will leave the Board at Express' annual shareholder meeting in the Spring of 2012 when his term expires.

"We thank Sam for his contributions to the Board and wish him well," said Michael Weiss. "David and Josh's leadership and vision were instrumental in the evolution of Express leading us through our independence and helping Express regain its rightful place as one of the leading specialty retailers. Not only did they honor Express' legacy, but they helped us establish the framework for consistent growth, and we thank them for their partnership over the years," added Weiss.

Following this announcement, the Board will include five members, three of whom are independent, andeach of whom possesses significant professional experience, particularly in the financial, retail and business services sectors. The Company continues its search to add additional independent board members.

Express is a specialty apparel and accessories retailer of women's and men's merchandise, targeting the 20 to 30 year old customer.

Express Inc


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search