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President of Destination resigns after two months on job
04
Aug '10
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced that Emilia Fabricant, its President, has decided to resign her position with the Company effective August 3, 2010. Ed Krell, the Company's Chief Executive Officer, will now serve as the Company's Chief Executive Officer & President. Ms. Fabricant was appointed as President in May 2010.

Ms. Fabricant commented, "Unfortunately, for personal reasons, I have decided to resign my position as President of Destination Maternity. This decision for me was a very difficult one considering how positive I feel about Destination Maternity and its prospects for the future. However, I have decided that the best thing for my family is to maintain my residence and continue my career in southern California. I have the utmost respect for Ed and the entire senior management team at Destination Maternity and I know they will continue to have success."

Mr. Krell commented, "While we are extremely disappointed at this development, we understand and respect Emilia's decision and wish her well. Despite Emilia's departure, I feel strongly that we continue to have a strong team in place here at Destination Maternity and, as we look forward to fiscal 2011 and beyond, we are very confident that we can continue to drive significant growth in earnings, while also growing our sales and positioning our company for future growth.

“We re-affirm the earnings guidance we provided in our July 28, 2010 press release, both with respect to fiscal 2010 and fiscal 2011 earnings. Also, we plan to commence a national search, led by the executive recruiting firm Herbert Mines Associates, for a President with a merchant and marketing-focused background to make our team even stronger and to help us grow our business."

Destination Maternity Corporation

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