Home / Knowledge / News / Apparel/Garments / New York & Company announces leadership succession plan
New York & Company announces leadership succession plan
30
Apr '10
New York & Company, Inc., a specialty apparel chain with 576 retail stores, announced that Chairman and Chief Executive Officer, Richard P. Crystal, 65, intends to retire from the Company and its Board of Directors when his employment agreement expires on February 11, 2011. As part of the Board's leadership succession planning efforts, Gregory Scott, 47, has been appointed President of New York & Company effective June 1, 2010. After he commences his employment with the Company, Mr. Scott will also join its Board of Directors. Most recently, Mr. Scott served as Chief Executive Officer of Bebe Stores. To facilitate an orderly transition, Mr. Scott will work closely with Mr. Crystal over the next nine-month period with the intent that he will assume the role of Chief Executive Officer upon Mr. Crystal's retirement.

Richard P. Crystal, New York & Company's Chairman and CEO, said: "I am extremely proud of what we have achieved at New York & Company in my 14 years as CEO. Our brand has evolved into a leader of fashion, style and value for our customers and I remain enthusiastic about the Company's opportunities and growth prospects in the years to come."

Mr. Crystal also stated: "Now is the appropriate time to put New York & Company's next generation of leadership in place. Greg is a talented merchant and an outstanding choice for President of our Company. His track record of success, along with his approachable and collaborative leadership style, gives me great confidence in his ability to be successful at New York & Company. I look forward to working closely with Greg over the next nine months to ensure a seamless transition."

John D. Howard, CEO of Irving Place Capital and a member of New York & Company's Board of Directors, commented: "Richard's deep knowledge of the retail industry has been invaluable and we are grateful for his leadership of New York & Company. He has been a trusted and valued management partner of Irving Place Capital for the past eight years. Together, we brought the Company public in 2004 and Richard has been instrumental in building New York & Company into a well-recognized national brand and a leading specialty retailer of fashion oriented, moderately priced women's apparel. On behalf of the Board, I would like to recognize Richard for all of his accomplishments. I would also like to thank him for being an integral part of our leadership succession plan as we transition Greg into his new role. Greg is a seasoned retail executive and is well suited to lead New York & Company into its next era of growth."

Gregory Scott brings more than 20 years of retail industry experience to New York & Company. Most recently, Mr. Scott served as Chief Executive Officer of Bebe Stores, a specialty retailer of contemporary women's apparel and accessories. Prior to Bebe, Mr. Scott served as President of Arden B., a division of Wet Seal, Inc. Mr. Scott has also held senior level merchandising positions at AnnTaylor Stores and Henri Bendel, a division of The Limited. Mr. Scott began his retail career in the executive training program at Macy's West, a division of Federated Department Stores, Inc. where he held several merchandising positions.


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search