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Perry Ellis appoints Jane DeFlorio as Independent Director
20
Dec '14
Perry Ellis International Inc, a leading designer, distributor, and licensor of a broad line of high quality apparel, has appointed Jane DeFlorio to the company’s Board of Directors as an independent director, effective as of December 12, 2014.

Jane DeFlorio, a seasoned investment banker and former Managing Director in the US Retail and Consumer Group at Deutsche Bank Securities, will serve on the Audit and Investment Committees and serve as a member of the class of directors to be elected at the 2016 Annual Meeting of Shareholders.

Joseph Lacher, lead Independent Director of Perry Ellis International and chair of the Board’s nominating committee said, “Jane is a respected business leader and a trusted advisor who brings to Perry Ellis extensive experience advising mid and large cap retail and fashion clients with respect to value enhancement strategies, mergers and acquisitions, divestitures and product and market expansion initiatives. We are confident that Jane’s experience will be extremely valuable as Perry Ellis continues to execute on its strategic initiatives to drive revenues and enhance profitability, including our previously announced plans to review and focus the Perry Ellis portfolio with a goal to exit underperforming, low growth brands and businesses.”

Jane said, “Perry Ellis has a long history of engaging consumers with authentic brands that are grounded in heritage and the real world and I am excited to be a part of that continued mission. I look forward to working closely with the Board and management team on its strategic initiatives to drive revenues, enhance profitability and create value for all shareholders.”

Jane currently serves as the vice chairman of the Board of Trustees and chairman of the Audit and Risk Committee at The New School University, a leading progressive university in New York City with more than 10,000 graduate and undergraduate students. She also serves on the Board of Governors for The Parsons School of Design.

She received her MBA from Harvard Business School and her B.S. in Mechanical Engineering from the University of Notre Dame.

The appointment of Jane follows the decision by Gary Dix, a director of Perry Ellis, to retire from the Board following more than 20 years of dedicated service to Perry Ellis.

Perry International Inc, through its wholly owned subsidiaries, owns a portfolio of nationally and internationally recognized brands. (GK)

Fibre2fashion News Desk - India

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