Mr Matthews to serve as a Class III Director at Children's Place
06 Mar '09
2 min read
The Children's Place Retail Stores Inc announced the appointment of Mr. Norman Matthews, 75, to the Company's Board of Directors. Mr. Matthews qualifies as an independent director within the meaning of the Marketplace Rules of the Nasdaq Stock Market, LLC. Mr. Matthews will serve as a Class III director, and will stand for election at the 2009 Annual Meeting of Stockholders.
Mr. Matthews currently serves on the Boards of The Progressive Corporation, Henry Schein, Inc., and Finlay Enterprises, Inc. Previously, he served on the Boards of Sunoco, Inc., Toys "R" Us, Inc., and Federated Department Stores, and as a Trustee for the American Museum of Natural History.
Mr. Matthews served as President of Federated Department Stores until his retirement in 1988. He joined Federated Department Stores in 1978 as Chairman - Gold Circle Stores Division. He was promoted to Executive Vice President of Federated Department Stores in 1982, to Vice Chairman in 1984 and to President in 1987.
Prior to joining Federated Department Stores, Mr. Matthews served as Senior Vice President, General Merchandise Manager for E.J. Korvette, and as Senior Vice President, Marketing and Corporate Development for Broyhill Furniture Industries. He began his career as a Partner with Beacon Marketing Consultants and Beacon Advertising Agency.
Mr. Matthews received his undergraduate degree from Princeton University and an MBA from Harvard Business School.
"We are delighted that Norm Matthews is joining The Children's Place board," commented Sally Frame Kasaks, Acting Chair of the Board and Lead Director. "His leadership acumen and industry experience will be invaluable as we navigate the Company through this difficult economic environment. We look forward to his advice and counsel."