Aeropostale announces changes to its board
Aeropostale Inc announced the following changes to its Board of Directors:
Karin Hirtler-Garvey has been appointed Chairman of Aeropostale's Board of Directors. Ms. Hirtler-Garvey has been a member of Aeropostale's Board of Directors since August 2005, serving as the Chairman of the Board's Audit Committee, and a member of the Nominating and Corporate Governance Committee.
She also served as the Company's Lead Independent Director. Ms. Hirtler-Garvey is a Certified Public Accountant, and most recently was the Chief Risk Executive for Ally Financial Inc. Prior to that, she held various senior level management positions at Bank of America from 1995 to 2005, including Chief Operating Officer, Global Markets, President of Trust and Credit Banking Products, and Chief Financial Officer/Chief Operating Officer for the Wealth and Investment Management division.
Ms. Hirtler-Garvey is also a member of the board of directors of the publicly traded company Medley Capital Corporation, as well as a director of two privately held corporations, USAA Federal Savings Bank and Western World Insurance Company.
Julian R. Geiger has decided to step down from his position as Chairman and resign as a member of Aeropostale's Board of Directors. In November 2011, Mr. Geiger joined Crumbs Bake Shop, Inc. as President and Chief Executive Officer. Prior to that, Mr. Geiger served as Aeropostale's Chairman and Chief Executive Officer from August 1998 to February 2010.
Thomas P. Johnson, Chief Executive Officer said, "On behalf of the Aeropostale organization, we congratulate Karin on her appointment. We are excited to continue our work with her and look forward to her ongoing support and valuable input." Mr. Johnson continued, "We would also like to thank Julian for his service to Aeropostale and the Company's Board of Directors over the years. He has been an incredible advisor and partner and we wish him all the best in the future."
The Company also announced that Janet E. Grove has been appointed to its Board of Directors. Ms. Grove joins the Aeropostale Board with more than 35 years of retail experience, most recently serving as Vice Chairman of Macys, Inc.
Ms. Grove has also held various senior management positions for Macys, Inc., including Division Vice Chairman, Merchandising Private Brand and Product Development, and Division Chairman and Chief Executive Officer, Macy's Merchandising Group Inc. Ms. Grove retired from Macys in June of 2011. Ms. Grove is also a member of the board of directors of the publicly traded company Safeway, Inc.
Thomas P. Johnson, Chief Executive Officer, said, "Janet brings a tremendous amount of retail experience to the Board, having most recently served as Vice Chairman at one of the most prominent retailers in the country. We welcome Janet to the Board and look forward to her future contributions with great enthusiasm."
Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.S. from Aeropostale stores.