The Children's Place, Inc., the largest pure-play children's specialty apparel retailer in North America, announced that, at its Annual Meeting on June 4, 2014, the Company's stockholders elected Susan Sobbott to the Board of Directors as a Class II director to serve for a three-year term expiring in 2017.
Ms. Sobbott currently holds the position of President of Global Corporate Payments, a multi-billion dollar global division of the American Express Company serving the payment needs of mid-sized and large companies. From 2004 to early 2014, she was President and General Manager of American Express OPEN, a multi-billion dollar business unit within American Express Company. Since 2009, Ms. Sobbott has also served as a member of the Business Operating Committee, a group of senior leaders at American Express Company working with the Chief Executive Officer to develop strategic direction.
The addition of Ms. Sobbott expands the Company's Board of Directors to eight. "Susan brings to The Children's Place broad-based managerial and leadership experience in the areas of marketing, branding, customer insight and customer management," commented Norman Matthews, Chairman of the Board. "We are pleased to welcome her to The Children's Place Board."
At the Annual Meeting, the Company's stockholders also approved a name change to The Children's Place, Inc., the declassification of the Company's Board of Directors, the election of incumbents Joseph Alutto and Joseph Gromek as Class II directors, the appointment of BDO, USA LLP as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2015, and the compensation of its named executive officers on an advisory basis.
About The Children's Place, Inc
The Children's Place is the largest pure-play children's specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary "The Children's Place," "Place" and "Baby Place" brand names.