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Stein Mart hires new CEO & declares quarterly dividend
Mar '16
Courtesy: Stein Mart
Courtesy: Stein Mart
US-based retailer, Stein Mart, Inc., has appointed Dawn Robertson as chief executive officer and elected her to the Company's board of directors.

Robertson will also have the responsibilities of chief merchant for the foreseeable future. She succeeds Jay Stein, the Company's founder and long standing chief executive officer.

Over the past decade, Robertson was the chief executive officer or president of several retail companies, including UNKNWN, Deb Shops, Nygard International, and The Avenue. She has also held various executive positions at Old Navy, Myer Stores, Federated Department Stores, Saks, and May Department Stores.

The Board of Directors also declared quarterly dividend of US $0.075 per common share, payable on April 15, 2016 to shareholders of record as of the close of business on April 1, 2016, according to a press release.

Jay Stein said, “Dawn brings with her over 25 years' executive management experience at major retailers and department stores. With her leadership and industry knowledge, she will help us build on our growth initiatives and bring a fresh focus to our company and merchandising organisation that will benefit us immensely.” (GK)

Fibre2fashion News Desk - India

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