JoS. A. Bank Clothiers, Inc. announced that Byron "Bud" Bergren, who has extensive executive management experience in the apparel retail industry, has been appointed to the Board of Directors, effective immediately. Mr. Bergren will also serve on the Audit Committee.
Mr. Bergren, was formerly Chairman of the Board of Bon-Ton Stores, a retailer with over 271 department stores offering fashion apparel as well as cosmetics and home furnishings, from February 2012 to June 2013.
From 2002 to 2011, he served as President and Chief Executive Officer of Bon-Ton, successfully streamlining the organization to reduce costs and leading the company's acquisition of SAKS - Northern Department Store Group. Mr. Bergren received a B.S. degree from St. Cloud State University. He served on the Board of Directors of the National Retail Federation from 2008 to 2012.
"We are very pleased to welcome Bud Bergren as an independent member of our Board of Directors. The Company is extremely fortunate to have the benefit of Bud's deep knowledge of the retail and apparel industries and his successful experience with acquisition integration.
"His contribution will be invaluable to us as we continue to execute our long-term strategies for profitable growth and increased shareholder value," said Robert N. Wildrick, Chairman of the Board of Jos. A. Bank Clothiers.
With the addition of Mr. Bergren, the Board comprises seven directors, five of whom are independent as defined in the NASDAQ Stock Market Rules.
JoS. A. Bank Clothiers, Inc., established in 1905, is one of the nation's leading designers, manufacturers and retailers of men's classically-styled tailored and casual clothing, sportswear, footwear and accessories. The Company sells its full product line through 617 stores in 44 states.